Stories for 2024

Thursday, February 1st 2024 - 10:51 UTC
Brazil lowers Selic basic interest rate

Brazil's Monetary Policy Committee (Copom) unanimously decided Wednesday to cut down the country's basic interest rate known as Selic by 0.5 percentage points to 11.25% per year, Agencia Brasil reported.
Thursday, February 1st 2024 - 10:41 UTC
Peru: Montesinos given 19-year sentence concurrent with time served

Former Peruvian strongman Vladimiro Montesinos was sentenced to 19 years in prison Wednesday for his involvement in a 1992 massacre under then-President Alberto Fujimori (1990-2000) who has been banned for 9 months from leaving the country.
Thursday, February 1st 2024 - 10:27 UTC
Police and demonstrators clash outside Argentine Congress

Law enforcement officers and demonstrators clashed outside the Congress in Buenos Aires on Wednesday, while the parliamentary debate on President Javier Milei's so-called Omnibus Law bill was taking place inside.
Thursday, February 1st 2024 - 10:15 UTC
Argentina: Fuel at pumps soars as gov't lifts taxation cap

Drivers lined up for hours Wednesday in Buenos Aires and other places across Argentina as a new increase in the price of fuel at pumps was expected to be enacted Thursday following a decision by the administration of President Javier Milei to release a liquid fuel (ICL) and carbon dioxide (IDC) tax cap in force since 2021, it was reported.
Thursday, February 1st 2024 - 10:01 UTC
Argentine Central Bank reserves stronger after FMI disbursement

After the International Monetary Fund (IMF) Board approved the staff-level agreement with Argentina's current administration, the Government of President Javier Milei received a US$ 4.7 billion disbursement which bolstered the Central Bank (BCRA) reserves to US$ 27.635 billion, it was reported Wednesday in Buenos Aires. The latest deal between Argentina and the IMF unblocked a new series of disbursements.
Thursday, February 1st 2024 - 10:00 UTC
Silent shores: The art of finding peace in the Philippines

In 2023, around 5.45 million international tourists visited the Philippines, and numbers continue to rise. Given its white sand beaches, crystal clear waters and stunning coral reefs, it’s no surprise that the Philippines has fast become a favourite with sun-seeking holidaymakers
Wednesday, January 31st 2024 - 15:21 UTC
A company has started the process to become the new Uruguayan flag airline

Sociedad Uruguaya de Aviación (SUA), a privately owned company, has begun the process of becoming Uruguay's new flag carrier. The endeavor is led by Antonio Rama, a Uruguayan commander who has been based in Doha for a decade.
Wednesday, January 31st 2024 - 11:07 UTC
Tales from the Southern Seas: A Uruguayan in the Falklands

Bettina Alberti Arriaga, who was the student competition winner from Uruguay, has published an article about her visit to the Falkland Islands.
Wednesday, January 31st 2024 - 10:59 UTC
IMF foresees gloomy near future for Argentina

Following President Javier Milei's latest measures, the International Monetary Fund (IMF) Tuesday reviewed for the worse its projections for Argentina's economy this year (-2.8%) and forecasted inflation would remain high in the short term.
Wednesday, January 31st 2024 - 10:58 UTC
Daniel Scioli leaves Brasilia for a Secretariat position in Milei’s team

Former Argentine Vice President Daniel Scioli will leave his post as Ambassador to Brazil to join President Javier Milei's team as Secretary of Tourism, Environment, and Sports, it was announced Tuesday in Buenos Aires after a meeting which was also attended by Interior Minister Guillermo Francos, who served on Scioli's cabinet when the latter was Governor of the Province of Buenos Aires.