Industries and markets

Mexican city rejects plans for giant US-owned brewery amid water shortages

“Vote in border city of Mexicali is unlikely win for farmers and activists over wealthy maker of Corona, Modelo and Pacifico.”

Automakers Close Plants in Brazil and Place 50,000 on Collective Holiday

“General Motors, Mercedes-Benz and Volkswagen have already confirmed collective holidays.”

Latin American Airlines Leading Global Industry Downturn

“Companies in the sector are adversely affected by reduced travel and by currency fluctuations.”

IMF’s technical guidance on Argentine public debt sustainability

“Our technical note is designed to provide guidance to stakeholders on Argentina’s complex debt situation”, wrote IMF Managing Director Kristalina Georgieva.”

OAS General Assembly re-elects Luis Almagro as Secretary General

“Secretary-General Almagro, from Uruguay, was re-elected with 23 of the 33 votes cast by member states. Candidate María Fernanda Espinosa, from Ecuador, obtained 10 votes and one country was absent.”

Brazil: New EFD ICMS IPI Version

On March 19, the new PVA version 2.6.7 for EFD ICMS IPI was released, which corrected the problem of validation of field 10-G3-T of the 1970 record. To download the version, access this link.  

Brazil: New ECD Version published

On March 19, the newest version 7.0.1 of the Digital Accounting Bookkeeping (ECD) program was published.   What has changed with the new Version? Correction of ECD recovery problem with corrupted signature (correct error information).

Credit Suisse Projects 1.5 Percent Contraction in Latin America’s 2020 GDP

“According to the bank, all countries in the region should suffer both supply and demand shocks due to the Coronavirus pandemic.”

Chile declares a 90-day “state of catastrophe” beginning this Thursday

“A military official will oversee the 90-day measure, which is set to take effect this Thursday morning. More restrictive actions would be implemented progressively, as dictated by the advance of the virus.”

Coronavirus: Mercosur members coordinate actions and frontier movements

“Decisions were made during a video conference coordinated from Paraguay, currently chair of the group, and with the participation of host president Mario Abdo Benitez, Uruguay’s Luis Lacalle Pou, Brazil’s Jair Bolsonaro and Argentine foreign