Argentina will pay maturities worth US$ 2.6 billion to the International Monetary Fund (IMF) after the Oct. 22 presidential elections, it was reported Thursday in Buenos Aires. However, US$ 1.28 billion was due Friday, another US$ 640 million on Oct. 12, while a third payment of US$ 673 million was scheduled for the last working day of the month.
Things are going from bad to worse for former Buenos Aires Cabinet Chief Martín Insaurralde, whose scandal with high-profile escort Sofía Clerici on a luxury yacht off Marbella splashed Argentine Economy Minister and presidential candidate Sergio Massa's chances in the upcoming Oct. 22 elections.
Venezuela's Attorney General's Office issued an arrest warrant on Thursday against opposition leader Juan Guaidó for the crimes of treason and usurpation of functions, it was reported in Caracas. Guaidó is currently residing in the United States.
As underground exchange parlors were raided Thursday, the blue (a euphemism for black market) dollar soared against the Argentine peso, it was reported in Buenos Aires.
Regardless of who becomes Argentina's next president as of Decf. 10, 2023, Moody's foresees inflation in the South American country next year will reach 350%. The rating agency's baseline scenario scenario also contemplates an economic contraction of 3.5% by 2023, followed by another 2.5% next year, with prices climbing up to 25% each month.
Mont Blanc, the Alps' highest peak and the highest mountain in Europe outside of the Caucasus range, has lost more than two meters in height over the past two years, according to French researchers.
For the first time a trade operation between Brazil and China was conducted in a closed-loop system using local currencies, Yuans and Reais, without any involvement of US dollars. The transactions were financed and settled in yuan, directly converted into Brazilian real, without any involvement of the US dollar.