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LatinNews Regional Monitor: Brazil & Southern Cone - 28 February 2019

From LatinNews Daily
On 27 February, Brazilian daily O Globo revealed the contents of a plea bargain deal reached last year with executives from local construction company OAS as part of the ‘Operation Car Wash’ corruption probe, implicating current and former elected politicians from across the political spectrum...
* Credit rating’s agency Moody’s Investors Service has downgraded Brazilian mining company Vale's rating to 'Ba1', following the collapse of a Vale tailings dam in the Brazilian state of Minas Gerais last 25 January...
On 27 February, Uruguay’s former president Julio María Sanguinetti (1985-1990; 1995-2000) from the right-wing opposition Partido Colorado (PC, Colorados) confirmed that he will be announcing his pre-candidacy ahead of this year’s presidential elections on 27 October. ..
* Argentina’s national statistics institute (Indec) has released new figures which show that the country’s GDP contracted by 7% in December 2018 compared with the same month in 2017...

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