Industries and markets

Leading Chinese auto makers planning to produce vehicles in Mexico

“Bernal, speaking at an event in Mexico City, listed Chongqing-based carmaker Changan, electric car maker BYD, and Anhui Jianghuai Automobile Co, known as JAC, as actively eyeing production facilities in Mexico.”

IMF and Argentina say they held very productive talks in a New York meeting

” The new administration of Argentine President Alberto Fernandez, who took office just last month, is preparing to renegotiate about US$100 billion in sovereign debt. The IMF has a US$ 57-billion financing agreement with Argentina,

Brazil: Regulatory Changes in 2020

In 2020, numerous regulatory changes can be expected in Brazil which will affect the following topics and systems: SPED (EFD/ECD) E-Invoicing GTIN (Global Trade Item Number) Electronic Document Manifesto – MDFe BPe Electronic Ticket for

Brazilian Stocks’ Growth Potential in 2020 Over 13 Percent, Says Swiss UBS Bank

“Among the factors that make the country the biggest Swiss bank bet for the year are advancing reforms, low interest rates over a long period, economic rebound and corporate profit growth, as well as a

Driven by Privatizations, Foreign Investment in Brazil Grew 26 Percent in 2019

“The country climbed from 9th to 4th place among the largest destinations for Foreign Direct Investments according to the UNCTAD survey. “

China Blocks Brazil’s Evangelical Group Seeking United Nations Recognition

“Since 2019, Bolsonaro’s government has looked favorably on the organization’s request, since it would represent an important reinforcement for some items on Brazil’s diplomatic agenda.”

Mining giant Vale’s ex CEO charged with homicide for massive dam collapse

“Vale’s former chief executive officer was charged with homicide for the massive dam collapse that killed more than 250 people in Brazil last January (2019). Fabio Schvartsman is the highest-profile executive facing criminal charges for

Mexico: UMA amounts effective 1 February 2020

The values of the “unit of measure and update” (unidad de medida y actualización (UMA)) were published on 10 January 2020 in the official gazette and will be effective 1 February 2020: Daily $86.88* Monthly

Argentine president puts a deadline to renegotiates public debt: March 31

“Argentina is in talks with bondholders and other creditors to restructure about US$ 100 billion in debt, among them the IMF to whom it owes about US$ 44 billion.”

Chile’s oil company ENAP faces sanctions for hydro-fracking in Tierra del Fuego

“ENAP has 10 days to present a compliance plan to the regulator, or 15 days to dispute the charges, the environmental superintendent said in a statement.”