Industries and markets

Brazil in turmoil following the resignation of Moro complaining of “political interference” from Bolsonaro

“Sergio Moro, Brazil’s justice and security minister resigned on Friday after clashing with President Jair Bolsonaro over the sacking of the federal police chief. Moro, a former anti-corruption judge, hit out at “political interference” in

Video: Coronavirus in Latin America: How bad could it get?

“Here’s the latest from BBC reporters from Brazil, Ecuador, Venezuela, Colombia and Nicaragua.”

Latam Brazil CEO: “We expect demand to return to pre-crisis levels in two to three years”

“When demand started falling off a cliff, executives were optimistic about the comeback. However, as traveler confidence became more and more damaged, the recovery to pre-crisis levels seems farther each day. This worrying was resonated

Mexican central bank unveils $31 billion stimulus, cuts interest rates

“Banxico, as the Bank of Mexico is known, said it implemented the measures to “foster an orderly behaviour of financial markets, strengthen the credit channels and provide liquidity for the sound development of the financial

Bolsonaro holds a “patriots” meeting and challenges lockdown measures

“Protesters in Brasilia chanted slogans against the country’s Supreme Court, which has upheld state-organized lockdowns, and against Congress, whose opposition lawmakers have also defended quarantines.”

Brazil: System-S Rate Reductions

Faced with the coronavirus pandemic, the Brazilian government has adopted economic measures to help companies and maintain jobs. One of these measures is te reduction of the “System S” rates.   What is “System S”?

Bolsonaro defends sacking health minister and insists in opening up the economy

“Luiz Henrique Mandetta, the dismissed health minister, had been advocating social distancing in line with World Health Organization recommendations, with the virus outbreak claiming more than 1,900 lives so far in Brazil. But the far-right

Overwhelmed by the pandemic, Ecuador on the cliff of a US$ 17bn default

“For president Moreno boosting funds to fight the virus could conflict with efforts to pay creditors and implement austerity measures to balance a gaping fiscal deficit.”

Chile: controversy over alleged donation of Chinese ventilators to combat COVID-19

“Chile is expecting China to donate ventilators to help cope with the coronavirus outbreak, a government official said on Sunday, contradicting earlier statements by China’s ambassador to Chile that he was unaware of such a

Brazilian central bank estimates economy will begin to recover in the fourth quarter

“Campos Neto said the federal government will be expected to compensate states more than 100 billion reais (US$19.09bn) in tax revenue lost to lockdown policies.”