Argentina's financial system is experiencing significant tension as a new reserve requirement scheme from the Central Bank (BCRA) forces financial institutions to drastically raise interest rates on fixed-term deposits. The average rate for a 30-day fixed-term deposit has jumped to 51.3%, a substantial increase from just a few weeks prior.
The Uruguay Sub200 expedition has resumed its study of the Uruguayan continental seabed after a technical fault forced its research vessel, the Falkor, to return to the port of Montevideo. By late Tuesday, the Falkor was due in Punta del Este.
Brazil's Supreme Federal Court (STF) Justice Alexandre De Moraes acquiesced to a suggestion from security authorities and allowed the Federal District's criminal police to monitor former President Jair Bolsonaro's home around the clock. Despite the electronic tracing anklet, the rightwing leader posed a flight risk, De Moraes was advised.
The US Government of Republican President Donald Trump has revoked the visa of Brazil's Justice Minister Ricardo Lewandowski. Brazilian President Luiz Inácio Lula da Silva called the move “irresponsible” and “unacceptable.”
A centuries-old painting stolen from a Jewish art dealer by the Nazis during World War II wound up in Mar del Plata, Argentina, and it was discovered when realtors published images of a property for sale, where it was displayed by the heirs of a former German SS officer.