Recession-hit Argentina has managed to restructure 99% of US$ 66 billion in debt issued under foreign legislation, Economy Minister Martin Guzman announced on Monday.
Brazil's finances continued to deteriorate in July as the COVID-19 crisis pushed the public sector debt and deficit as a share of the economy to new records, official figures showed on Monday, although not as bad as economists had feared.
Argentina’s ruling coalition, Frente de Todos, is seeking to impose a one-time tax on wealthy citizens as part of a strategy to solidify the alliance’s populist credentials while boosting government revenue amid a deteriorating economic crisis.
Brazilian President Jair Bolsonaro said on Monday he had been diagnosed with a kidney stone and would undergo surgery in September to remove it. The far-right leader, 65, has had a series of health issues, including four surgeries stemming from an attack in which he was stabbed in the abdomen during his 2018 presidential campaign.
The Chilean government on Monday threatened to invoke a state security law to penalize striking truck drivers blocking arterial routes and damaging supply chains after talks between the two sides broke down.
Oil and fisheries will spearhead Argentina's new efforts in its sovereignty claims over the Falkland Islands, according to Martin Dinatale, an Argentine columnist with good contacts in the foreign ministry and who has followed the Islands dispute for years.
Despite denying a recent air trip from Montevideo to the Falkland Islands, the Argentine foreign ministry stated that the “humanitarian flights policy” for the Islanders stands, and said that last Friday a flight from the Islands to Chile, with health risk patients, crossing Argentine space had been approved.
Argentina’s new energy secretary Dario Martinez plans to promote oil and natural gas production with a view to increasing exports as part of a strategy to pull the economy out of one of its worst crises on record.
Mexico is pressing ahead with an effort to forge COVID-19 vaccine alliances across a wide ideological spectrum of countries from France to Cuba, as a World Health Organization (WHO) vaccine initiative will fall short of its needs.
Ferrnando de Noronha, an archipelago 354km off Brazil's northeastern coast famous for abundant sea life, pristine beaches and dramatic mountainsides rising above the coast, is trying a novel method for fighting the coronavirus.