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Montevideo, April 27th 2024 - 19:09 UTC

Stories for February 2nd 2024

  • Friday, February 2nd 2024 - 10:55 UTC

    BlackRock: Investing guru Larry Fink tells Milei he will be visiting Argentina in May

    Fink told Milei that it would “take a long time for investments to return to Argentina”

    BlackRock CEO and founder Larry Fink told Argentine President Javier Milei in a virtual meeting that he would be visiting the South American country in May, and Casa Rosada Spokesman Manuel Adorni confirmed in Buenos Aires.

  • Friday, February 2nd 2024 - 10:29 UTC

    S&P raises Paraguay's grading to BB+

    Fernández Valdovinos insisted that the new rating represented more opportunities for investment and economic growth

    The Standard & Poor's (S&P) rating agency Thursday raised Paraguay's grading from BB to BB+ after 10 years, Economy Minister Carlos Fernández Valdovinos announced. The news represented one more step towards obtaining an investment grade rating (a low risk of non-payment of debts), he also explained on social media.

  • Friday, February 2nd 2024 - 10:27 UTC

    Brazil: STF judge suspends heavy fine on Odebrecht

    Those being investigated may have been led to make decisions contrary to their interests and for the benefit of the prosecution, Toffoli argued

    Brazilian Supreme Federal Court (STF) Justice José António Dias Toffoli ordered a R$ 8.5 billion (about US$ 1.7 billion) corruption fine on Odebrecht suspended after raising doubts on the circumstances that led the company to accept such a collaboration agreement with the Prosecutor Office.

  • Friday, February 2nd 2024 - 10:20 UTC

    Agreement signed to make Port of Asunción a key cultural spot

    ”This is an effort joined by the Ministry of Public Works and Communications (MOPC), the National Secretariat of Tourism, and other institutions,” Peña also noted

    According to an agreement signed by Paraguay's National Secretariat of Culture (SNC), the National Administration of Navigation and Ports (ANNP), and First Lady Leticia Ocampos, the Port of Asunción will become the country's most important cultural center, it was reported. The measure also seeks to reconvert and revamp the country capital's historic downtown, it was explained.

  • Friday, February 2nd 2024 - 10:19 UTC

    Chilean tourist found dead in Rio favela

    Rio Police believe the victim was stabbed during a robbery

    A 39-year-old Chilean tourist identified as Javier Valdés Susarte was found dead at a Rio de Janeiro favela, it was reported Thursday in Brazil's former capital city. Authorities are still investigating.

  • Friday, February 2nd 2024 - 10:00 UTC

    Argentine Blue Helmets off to Cyprus

    There are 237 Argentine troops deployed in Cyprus

    Argentine defense authorities bid farewell earlier this week to the new group of troops to be deployed in Cyprus as part of the United Nations Peacekeeping Blue Helmets (UNFICYP), it was reported in Buenos Aires.

  • Friday, February 2nd 2024 - 03:48 UTC

    Strong support from IMF to President Milei and his austerity policies

    Kristalina Georgieva with president Milei at IMF main offices in Washington

    The new government of Argentine president Javier Milei and its austerity policies to try and put the country's economy back on track received a strong boost from the International Monetary Fund, IMF, which approved the disbursement of US$ 4,7 billion.

  • Friday, February 2nd 2024 - 03:46 UTC

    Brazil admits strong deterioration of 2023 government finances: primary deficit 2.1% of GDP

    The administration of president Lula da Silva announced the objective of eliminating its primary budget deficit this year

    Brazil had undergone a sharp fiscal deterioration during last year with the central government's primary budget deficit reaching 230.5 billion Reais (US$ 47 billion), released data showed this week. The 2.1% of Gross Domestic Product (GDP), reverses a 0.5% surplus in 2022 and represents the second-largest ever recorded by the country.

  • Friday, February 2nd 2024 - 03:00 UTC

    Bank of England leaves basic rate at 5,25%; little space for any cuts

    Since the MPC’s previous meeting, global GDP growth has remained subdued, although activity continues to be stronger in the United States

    The Bank of England Monetary Policy Committee, MPC, at its meeting ending on 31 January 2024, voted by a majority of 6–3 to maintain Bank Rate at 5.25%. Two members preferred to increase Bank Rate by 0.25 percentage points, to 5.5%. One member preferred to reduce Bank Rate by 0.25 percentage points, to 5%.