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Montevideo, January 6th 2025 - 00:51 UTC

Stories for January 4th 2025

  • Saturday, January 4th 2025 - 16:34 UTC

    Milei welcomes González Urrutia at Casa Rosada

    After meeting with Milei, González Urrutia is due in Montevideo later Saturday for an encounter with President Luis Lacalle Pou

    Venezuelan opposition leader Edmundo González Urrutia, whom many regard as the truthful winner of the July 28 elections in his country, was welcomed Saturday by Argentine President Javier Milei at the Casa Rosada. He made Buenos Aires the first stop of his tour ahead of what he has announced will be his inauguration on Jan. 10 in Caracas despite Nicolás Maduro's regime planning otherwise and offering a US$100,000 reward for his head.

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  • Saturday, January 4th 2025 - 11:56 UTC

    The challenge for Edmundo González, touring Argentina and Uruguay: can he avoid a new Guaidó scenario?

    After Jan 10th, what happens in Caracas may be key for the region's future.

    Venezuelan opposition leader Edmundo González Urrutia visits Montevideo this Saturday as part of a regional tour aimed at obtaining international backing to assume the Presidency of Venezuela next January 10, after declaring himself the winner of last July's elections, according to the voting tallies collected by the opposition. During his stay, he will meet with President Luis Lacalle Pou and Foreign Minister Omar Paganini, who reiterated Uruguay's support to the legitimacy of his electoral triumph.

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  • Saturday, January 4th 2025 - 11:06 UTC

    Argentina: Footwear manufacturing plant shutdown represents 360 layoffs

    In 2024, the Brazilian Grupo Dass manufactured 7.8 million pairs in Argentina

    Argentina's chainsaw policies with a US dollar so low that everything is expensive nationwide are beginning to take its toll on the local industry: The Grupo Dass sports footwear manufacturing plant in Coronel Suarez, in the province of Buenos Aires, has been closed down - it used to manufacture articles for the brands Adidas, Nike, and Fila.

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  • Saturday, January 4th 2025 - 10:47 UTC

    Boric reaches South Pole

    “From here everything is north,” Boric said

    Chile's President Gabriel Boric Font Friday became the first Latin American leader and the third worldwide to reach the South Pole, thus consolidating his country's commitment to Antarctica. His feat followed in the footsteps of those authorities from New Zealand in 2007 and Norway in 2011. Boric dubbed his trip “a diplomatic, scientific, environmental and aeronautical milestone.” It also Chile as “the gateway to Antarctica,” he said.

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  • Saturday, January 4th 2025 - 10:27 UTC

    Paraguay's Economy Minister praised by leading world publication

    Fernández Valdovinos was also praised for his work as President of the Central Bank of Paraguay under former President Horacio Cartes

    Paraguay's Economy Minister Carlos Fernández Valdovinos was singled out by the London-based The Banker publication for issuing bonds in guaraníes and the South American country's handling of the corruption issues that pop up. The outlet also recognized the finance ministers of France, Vietnam, Qatar, Morocco, and Chile for their management of the economy, growth policies, crisis response, and leadership skills.

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  • Saturday, January 4th 2025 - 00:32 UTC

    Third-largest ever outflow of dollars recorded in Brazil

    Sidney predicted that the Selic basic interest rate would rise to 15% until June to then go downwards

    A total of US$ 15.918 billion fled Brazil in 2024, which represented the third-largest annual leakage ever behind consecutive negative balances in 2019 (US$ 44.768 billion) and 2020 (US$ 27.923 billion), the Central Bank (BCB) reported this week. Last year's financial flow was negative by US$84.396 billion after outflows (US$ 674.385 billion) outpaced inflows (US$ 589.989 billion).

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