The “blue” (a euphemism for “black market”) exchange rate between the Argentine peso and the US dollar rose over AR$ 20 -trading at AR$ 550/US$1- for an accumulated increase of AR$37 in the last 11 days after the latest announcements from the Economy Ministry, it was reported in Buenos Aires.
Brazil's President Luiz Inácio Lula da Silva and his economic team in their ongoing battle with the independent Central Bank, have anticipated they expect a cut in the benchmark interest rate, of at least 25 points, pressuring bank policymakers to lower borrowing costs given a dramatic fall in inflation.
Law enforcement from several European countries have disrupted an intercontinental criminal network smuggling migrants from fantasy island Cuba to the European Union. The investigation, coordinated by Europol and INTERPOL, led to the arrest of 62 persons, 25 of which were Cuban nationals and officials.
Electrobras, Brazil's main electricity complex has plans to invest some US$ 17 billion in the next five years through mergers and acquisitions. The company said that investments in electricity generation would come in at around US$3.6 billion over the period as it moves to comply with its goal of a clean energy complex.
By Ian Kennedy (*) – Located off the tip of South America near Antarctica, the Falkland Islands are a remote but growing hockey community. The Falkland Islands Hockey Association features 22 teams, both men’s and women’s, despite the Islands having a population under 4000.
The Falkland Islands Government wishes to congratulate Executive Head Teacher, Karen Steen, on being awarded an MBE in His Majesty the King’s Birthday Honors list. Karen now becomes a Member of the Order of the British Empire for her service to the Falkland Islands community.
The 2018 murder of Carioca activist and councilwoman Marielle Franco is closer to being solved, Security Minister Flávio Dino said Monday after one of the two suspects reached a plea agreement and confessed. New evidence confirmed the involvement of the two people arrested for the case, ex-cops Ronnie Lessa and Elcio de Queiroz, said Dino, at a press conference in Brasília.
Argentina's economic volatility has become a magnet for Uruguayan travelers during the winter recess, causing significant losses to local businesses, it was reported in Montevideo.
Ecuadorian authorities Monday declared a new state of emergency and curfew in two provinces and one city following an escalation in acts of violence, including the murder of the mayor of Manta, the country's third-largest city.
Despite calls to the contrary the Federal Reserve is expected to raise interest rates by another 0.25% this week with Fed Chair Jay Powell expected to leave the door open to additional rate hikes later this year.