Industries and markets

Chile’s central bank slashes benchmark interest rate to 2% to prop economy

“Chile’s central bank slashed the benchmark interest rate by 50 basis points to 2% on Tuesday, the lowest in 9 years, citing a sputtering economy hurt by global trade tensions. The decision, which the bank

Alberto Fernandez pledges to honor debts as long as it doesn’t harm Argentines

“There’s no point in having oil if in order to extract it you have to let multinationals come and take it away,” he said. “I don’t have a problem with multinationals but my primary concern

Brazil and Chile Have Multiple Common Interests and Want to Expedite Free Trade

“Following the recent clash between Jair Bolsonaro and former President Michelle Bachelet, the foreign ministers of the two countries are reflecting in Brasilia on their many common interests. Connecting Mercosur and the Pacific Alliance is

Mexico: Introduction of Volumetric Controls

In August, Mexico introduced volumetric controls for the hydrocarbons and petroleum industry. Consequently, companies in these sectors need to equip their counting and ERP- programs accordingly.   What is volumetric control? Volumetric controls require a

Brazil: Latest Technical Notes

Gas Market A Joint Technical Note was published by the Ministries of Economy on 08/07/2019. It summarizes the measures taken by the National Energy Policy Council (CNPE) on June 24, 2019, which instituted the beginning

Brazilian exporters gain competitiveness with changed RECOF-legislation

On August 1st, 2019, important changes were published in the Official Gazette of the Union that democratized the special customs regimes of RECOF and RECOF-SPED. Previously, some 300 companies were eligible for these schemes –

Vulture funds are circling Argentina, waiting to buy

“Argentina is again looking like a ripe target for funds that specialize in wringing value out of distressed assets.”

Polls bash Bolsonaro: 38% say the president is doing “a bad or terrible job”

“Datafolha found that 66% of Brazilians said that Brazil should be accepting international aide to combat Amazon deforestation.”

Brazil’s trade surplus of US$ 3.28bn in August and US$ 31.76 in eight months

“Exports fell 8.4% from a year ago to US$ 18.85 billion in August, while imports slumped 13.3% to US$ 15.57 billion, reflecting a broad slowdown in cross-border trade as global growth slowed over the year.”

Argentina talking with IMF on monetary targets; Central bank insists the country’s financial system is “solid”

“Argentina’s dollar purchasing limits of $10,000 per month, will affect less than 2% of savers. The country needs to build areas of basic political consensus to avoid large bouts of volatility caused by-elections. The central