Industries and markets

Treasury Sources US$3 Billion Abroad with Lowest Interest Rates in Seven Years

“Through the release of external debt securities, the government borrows money from international investors with a commitment to return the funds with interest. This was the second-lowest interest rate in history for this type of

Brazil: How to tax the Digital Economy

Last week, the OECD launched a public consultation to discuss the taxation of the digital economy, especially the necessary reallocation of revenues from the taxation of highly digitized businesses. The conclusion is that the requirement

Brazil: Supreme Court Ruling on PIS / Cofins creates Pressure for Tax Reform

Although it has been on the back burner in recent weeks, the PIS / Cofins reform currently underway in the federal government creates a significant pressure on the government to hurry up with its final

Argentina imposes more money exchange restrictions to defend reserves

“Argentina’s central bank is setting a price floor under the volatile peso in hopes to avoid a sharp plunge in the currency after an opposition-won presidential election last Sunday shifted the country firmly back to

Argentina: official transition with incoming administration takes off next week

“Argentina’s official transition in anticipation of 10 December when elected president Alberto Fernandez takes office, is scheduled to begin next Wednesday when Fernandez returns from his first overseas trip to Mexico.”

Privatized services plus health, education and pension’s costs, the right blend for Chile’s social explosion

“Health, education and pensions may be the biggest worries but on top of that are increases in electricity costs, a proliferation of motorway tolls around Santiago and an unregulated medication market.”

Brazil’s Year-to-Date Industrial Production Down 1.4 Percent from 2018

“In September, industrial production was up 0.3 percent over August, and third-quarter output was up 0.4 percent from the previous quarter.”

Brazil’s economy minister won’t bow to political pressure

“Former fund manager Paulo Guedes wants economic reforms to curb government debt in the world’s ninth-largest economy.”

Chile protests: President sacks whole cabinet after protests

“The president also announced that a curfew imposed in cities across Chile a week ago had been lifted. The opposition has called for an ongoing state of emergency to end too.”

Mexico falls to No. 60 in World Bank’s Doing Business ranking

“Mexico’s ranking only improved in one area – protecting minority investors (up to 61st from 72nd) – and held steady in two others: enforcing contracts (43rd) and dealing with construction permits (93rd). The country’s ranking