Industries and markets

Fitch Drops Brazil’s Public Debt Outlook from Stable to Negative

“Currently, Fitch grants a BB- rating for Brazil, three levels below investment grade, a level that assures the country does not risk writing off its public debt.”

Mexican President dismisses 3rd call by business group to modify economic strategy

“President sees private sector aid as a bail-out for large corporations.”

Brazil’s Real recovers slightly on commodities market optimism

“The Real rose 1,4% to the US dollar and the Bovespa index jumped 2%.”

Argentina open to proposals from bondholders: default deadline stands at 22 May

“Economy Minister Martin Guzman announced on Friday that Argentina “remains open to dialogue” and that it would reassess its position after the deadline.”

New Trade Agreement between EU and Mexico

On April 28th, the European Union and Mexico concluded the last outstanding element of the negotiation of their new trade agreement. The trade agreements comprises of the reciprocal opening of public procurement markets which enables

Brazil: Suspension of Taxes for Exporting Companies

On May 4th, the Brazilian government published Provisional Measure 960/2020 which extends the deadlines for suspension of tax payments provided for in the concessionary acts of the special drawback regime, which have been extended for

EU and Mexico finalize upgrade of free trade deal with reciprocal market access

“The two parties are seeking to update their trade accord from 2000, which only covers industrial goods, with services, government procurement, investment and farm produce such as Mexican chicken and European dairy products.”

Mexican Economy contracted 2.4% in first quarter; worst showing since 2009

“The downturn in the first three months of the year comes after the economy contracted 0.1% in 2019, the first decline since 2009.”

Argentina’s President Champions Mercosur Expansion

“Macri said he hoped that Mercosur would return to its “original identity” as a regional integration instrument, and extend it to the whole of Latin America.”

Brazil’s Supreme Court authorizes investigation of Bolsonaro

“Brazil’s Supreme Court on Monday night authorized an investigation into whether President Jair Bolsonaro committed crimes by allegedly attempting to interfere with the country’s Federal Police.”