Industries and markets

Mexico: New regulatory Requirements for Labor Subcontracting

On August 20, 2019, new rules have been introduced in Mexico with view to information that have to be submitted to the fiscal authorities for labor subcontracting. The changes are outlined in the “First Resolution

Mexico central bank slashes growth forecast to lowest since 2009

“Worries over its state-owned oil company and global trade tensions will affect Latin America’s second-largest economy.”

Latest STF Decision may Overturn “Virtually all” Lava Jato Convictions, Says Task Force

“The task force said the decision to overrule Bendine’s conviction raises “immense concern”. For the prosecutors, the panel established a new rule, which is contained neither in the Code of Criminal Procedure (CPP) nor the

Peru and Colombia propose an emergency Amazon basin summit

“Peru and Colombia proposed on Tuesday an emergency Amazon summit for countries in the region in order to coordinate a strategy to protect the vast rainforest currently blighted by numerous fires.”

Macri anticipates that Argentina’s inflation will accelerate to 3% in August

“The peso lost 18% of its value in a week after leftist opposition presidential candidate Alberto Fernandez netted a 15-point lead in an Aug. 11 primary election, as investors reassessed the prospects of business friendly

Brazil: New Tax Rates Proposal

The Bill that introduces new tax tables is part of President Jair Bolsonaro’s campaign goal of exempting taxpayers with incomes of up to five times the minimum wages as well as easing the corporate tax

To shore up peso, Argentina breaks IMF rule

“Argentina’s IMF deal sets a $250m daily limit on foreign-reserve sales, but on Tuesday, the central bank sold $320m.”

Brazil’s Bolsonaro rating collapses, according to latest opinion polls

“The approval rating of right-wing President Jair Bolsonaro’s government has plunged to 29.4% in August from 38.9% in February, according to a poll published on Monday that showed a majority of Brazilians are unhappy with

Brazil rejects G7 aid, and tells Macron to reforest Europe and to look after world heritage sites

“Macron cannot even avoid a foreseeable fire in a church that is a world heritage site. What does he intend to teach our country?” He continued, referring to the fire in April that devastated the

Argentina and Brazil replacing US as main soybean suppliers of China

“Amid trade tensions with the US, China’s July soybean imports from Argentina increased 328% month on month and 269% year on year to 1.07 million metric tons, according to customs data.”