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Montevideo, May 18th 2024 - 07:49 UTC

Stories for 2024

  • Thursday, May 16th 2024 - 19:08 UTC

    Argentina needs to solve its exchange rate problem, IMF spokeswoman says

    Milei's government will need to evolve to keep its successful plan going, Kozack warned

    International Monetary Fund (IMF) Spokeswoman Julie Kozack said that Argentina needed to lift the exchange rate ceiling if the government were to protect the country's Central Bank reserves. Kozack's remarks during a press conference came a day after Economy Minister Luis Toto Caputo announced that the South American nation was on course to dollarization.

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  • Thursday, May 16th 2024 - 14:42 UTC

    Venezuela denies safe-conducts to asylum seekers in Argentine embassy

    “There are no safe-conducts for those who do not love this homeland,” Cabello stressed

    Venezuela's regime Wednesday denied Argentina's request for safe-conducts whereby six dissidents housed in the diplomatic mission in Caracas would be able to reach the airport and take a flight to Buenos Aires, government strongman Diosdado Cabello confirmed while calling Argentine President Javier Milei a “fascist.”

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  • Thursday, May 16th 2024 - 14:09 UTC

    Meat production keeps improving in Paraguay

    Mexico could become the next destination for Paraguayan beef

    Just days after Paraguayan beef was granted access to the Canadian market, a report was released in Asunción Wednesday showing that cattle slaughtering increased 23% in April. Another 33,310 heads were put down last month for a total of 646,222 in the first four months of the year, which represented a 3.9% yoy growth.

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  • Thursday, May 16th 2024 - 13:30 UTC

    LatinoLife In The Park is now the UK’s largest Latin music festival

    The Latin American community in London is one of the fastest growing. Around half of the 145,000 Latin Americans who live in the UK, reside in London.

    Bringing together South American, Spanish and Portuguese communities in London, the LatinoLife in the Park Festival, which spotlights the richness of Latin music and culture, is now the largest event of its kind in the UK. Every year the festivities take place following a vibrant procession of hundreds of dancers and drummers.

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  • Thursday, May 16th 2024 - 12:03 UTC

    French Overseas Territory under curfew following changes in Paris to voting bill

    “Soldiers from the armed forces have been deployed to secure the New Caledonia ports and the airport,” Prime Minister Gabriel Attal announced in Paris.

    France declared a 12-day state of emergency in the Overseas Territory of New Caledonia, following riots and arson that left at least four people killed. The trigger of the violence came after the French assembly in Paris passed a contentious voting bill, according to New Caledonia High Commissioner Louis Le Franc, who said that “a curfew and a ban on TikTok” were now in force.

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  • Thursday, May 16th 2024 - 10:58 UTC

    Argentina getting ready to dollarize its economy, minister says

    Argentina still needs to terminate the “stocks” holding the parity between the local peso and the US dollar, Caputo explained

    Argentine Economy Minister Luis 'Toto' Caputo said Wednesday that the Libertarian administration of President Javier Milei had that the Government has “everything ready for dollarization.” The “recovery is very close,” he added as the “blue” (a euphemism for “black market”) dollar bounced back after it became evident that the government would be unable to deliver on Milei's promise to have an agreement signed with the provincial governors by May 25.

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  • Thursday, May 16th 2024 - 10:57 UTC

    Gibraltar's European future might impact Falklands' status

    The inclusion of Gibraltar airport in the Schengen area could compromise the British military presence

    The future of Gibraltar and Northern Ireland after Brexit concerning Europe will be discussed Thursday at a meeting in Brussels in which the British Foreign Minister, Lord David Cameron, his Spanish colleague, José Manuel Albares, the Chief Minister of Gibraltar, Fabian Picardo, and the Executive Vice President of the European Commission, Maros Sefcovic, will participate.

  • Wednesday, May 15th 2024 - 19:54 UTC

    Petrobras' shares plummet after Prates' departure from CEO post

    Prates said he was happy having averted full privatization rumors shadowing Petrobras

    Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.

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  • Wednesday, May 15th 2024 - 19:20 UTC

    Lula orders major reshuffle at Petrobras' helm

    In 1Q of 2024, Petrobras' profits shrank 23% from last year's 4Q

    President Luiz Inácio Lula da Silva has ordered a reshuffle at the top of Brazil's state-run oil company Petrobras, with Magda Chambriard replacing Jean-Paul Prates as CEO, Agencia Brasil reported. Following the head of state's decision late Tuesday, the board of directors approved the early termination of Prates' term Wednesday morning. In the meantime, and until Chambriard takes office, Corporate Affairs Executive Director Clarice Coppetti has been appointed on an interim basis.

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  • Wednesday, May 15th 2024 - 16:58 UTC

    Milei celebrates inflation figures football-style

    Milei thanked Toto Caputo for the latest achievement

    Argentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”

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