Santiago Peña was sworn on Tuesday as the new President of Paraguay for the next five years in a ceremony at the Palacio de López, in Asunción, in which he assured that he would continue the "political vocation" of consensus and agreements of former President Horacio Cartés, questioned for alleged…
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Latin America
Globant announces investments of 1,000 million dollars in Latin America
Globant (NYSE: GLOB), a digital native company focused on reinventing business through innovative technology solutions, announced a five-year, $1 billion investment plan in Latin America to bolster its presence throughout the region.
Among…
Javier Milei won the primaries in Argentina
The big surprise of the last electoral night in Argentina was the triumph of the economist Javier Milei and his ultra-conservative coalition La Libertad Avanza, after achieving 30% of the votes, mostly coming from discontent.
Milei was a…
Brazil will launch its digital currency DREX in 2024
Brazil's digital currency (CBDC) will be launched in 2024. The country's Central Bank has indicated that its launch is scheduled to boost financial services.
The DREX CBDC will be based on “distributed ledger technology (DLT) to settle…
Lasso decrees a state of emergency before the death of Villavicencio
Ecuadorian presidential candidate Fernando Villavicencio died this Wednesday after an attack by a group of hitmen during the end of an electoral rally in Quito, the country's capital, ahead of the elections on August 20.
Villavicencio, a…
Inflation in Chile falls to 6.5% year-on-year in July
The Consumer Price Index (CPI) of Chile fell to 6.5% year-on-year in the month of July, which represents a reduction of 1.1 points compared to the previous month, according to the National Statistics Institute (INE). From Chile.
This drop…
IMF increases growth forecast for Latin America by 1.9 %
The International Monetary Fund (IMF) expects the Latin American economy to grow by 1.9% in 2023, which represents an improvement of three tenths compared to the latest projections of the organization published last April.
This upward…
Argentina expects to raise 2 billion with the agricultural dollar
Argentina will implement economic measures to raise 2 billion dollars and avoid defaulting on its million-dollar debt refinancing agreement signed with the International Monetary Fund (IMF) in 2022.
These measures include the creation of a…
Inflation chokes economies of Venezuela and Argentina
Inflation in Latin America shows signs of slowing down in countries like Brazil and Mexico. However, at the other extreme are Venezuela and Argentina, with the highest inflation rates, above 100 %.
The first semester of 2023 has not been…
Latin America joins the fight against climate change
This week, the fifth Regional Conference of the Intergovernmental Panel on Climate Change (IPCC) in Latin America was held, where representatives of several countries met with the objective of promoting climate action and mitigating the…
Investment in Latin America exceeded $ 200 million in 2022
Foreign direct investment (FDI) in Latin America and the Caribbean reached the figure of 224,579 million dollars in 2022, which represents a growth of 55.2 % compared to the previous year and the highest record in the historical series.
As…
Visa buys Brazilian fintech Pismo for USD 1 billion
Visa has signed a definitive agreement to acquire the Brazilian 'fintech' Pismo, which has operations in the regions of Latin America, Asia Pacific and Europe, for a total amount of 1,000 million dollars (about 914 million euros).
With the…