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United States Sanctions Additional Venezuelans Ahead of Elections

This week, the United States Treasury Department placed sanctions on three Venezuelans - Pedro Martin, Walter Del Nogal, and Mario Rodriguez - under the Foreign Narcotics Kingpin Designation Act. The move comes less than two weeks before presidential elections are scheduled in Venezuela.

Argentina Maintains Rate at 40 Percent After 3 Rapid-Fire Hikes

The Central Bank of the Argentine Republic (BCRA) has raised its key rate by a massive 12.75 percentage points since April 27 in an effort to shore up the exchange rate of the peso and force down inflation that is far in excess of the government's target for 2018 of 15 percent.

Dominican Republic, China to Establish Diplomatic Relations

The decision to recognize the People’s Republic of China means that Taiwan, also known as the Republic of China, now only has formal relations with 19 countries. Panama switched recognition from Taiwan to China last November.

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