Chile’s central bank left its monetary policy rate steady at 2.50 percent but said it may be necessary to “extend the current monetary stimulus” if the current trend of low inflation continues, with the magnitude of any easing to be… Read More ›
News
Argentina Lowers Leliq Floor In July To 58.0 Percent
Argentina’s central bank lowered its minimum interest rate for benchmark Leliq notes to 58.0 percent for the month of July, when seasonal demand for working capital rises, as it met its objective for the monetary base for the 9th consecutive… Read More ›
President Trump Backs Down From Tariff Threat After US and Mexico Reach Agreement
The United States and Mexico appear to have reached an agreement on the current immigration crisis which will avert the harsh and draconian tariffs that President Donald Trump threatened to levy on all Mexican imports. President Trump announced the agreement… Read More ›
OAS Bribed Peruvian Officials Through a Similar Mechanism as Odebrecht
Another major corruption scheme similar to the one perpetrated by Odebrecht was uncovered in Peru. According to El Comercio, OAS, a Brazilian construction construction conglomerate, illegally funneled millions of dollars to the former mayor of Lima, Susana Villaran, through a… Read More ›
Deputy Prime Minister Borisov: Russia Does Not Plan to Send Additional Military Specialists to Venezuela
Russian Deputy Prime Minister Yuri Borisov said that his country does not plan to send anymore military specialists to Venezuela, according to Reuters. Russia sent military personnel to Venezuela in March. According to CNN, Russian Foreign Ministry spokeswoman Maria Zakharova… Read More ›
US Sanctions Five More Venezuelan Officials
On Friday, February 15, the United States imposed additional sanctions on key government officials in Venezuela as part of its continued support for Juan Guaidó. The move comes less than three weeks after President Donald Trump imposed sanctions on PDVSA,… Read More ›
Sanctions Force Venezuela’s PDVSA To Shift To Russian Bank
Recent sanctions by United States President Donald Trump are causing Venezuela’s state-run oil company to make changes to its banking practices. According to Reuters, Petróleos de Venezuela SA, or PDVSA, is telling customers of its joint ventures to deposit proceeds… Read More ›
