Industries and markets

Senate Consultancy Deems Eduardo Bolsonaro’s Ambassadorial Appointment Nepotism

“The opinion, signed by two experts, considers that an ambassador is a civil servant, which would forbid the appointment of relatives up to the third degree of kinship.”

Bolsonaro administration has privatized some US$ 20bn of assets

“We want to sell assets to reduce the size of the state and the size of debt. Our state is rich, but the population is poor. In the past, the state used the citizen, but

Argentina: New Conditions for Issuance of Credit and Debit Notes

Argentina`s tax authority AFIP detected a practice of certain taxpayers which could possibly distort tax-relevant information. Specifically, some companies issue their own credit and debit notes in order to adjust the operations they carry out

Argentina’s treasury minister resigns, senior official says

“The resignation came three days after President Nicolas Macri announced his conservative administration is temporarily increasing the minimum wage, reducing payroll taxes and implementing other steps to help Argentine workers as the country struggles to

Brazil is Negotiating US$500 Million Loan with BRICS New Development Bank

“The money will be transferred to the country’s municipal governments for sanitation, waste treatment, and renewable energy. The investment should happen early next year.”

Fitch downgrades Argentina’s long term debt, fearing the risk of default

“Argentina’s Peso ended a tumultuous week on Friday having shed 20% in its value against the dollar as Fitch cut the South American country’s long-term debt by two notches, citing increased uncertainty and a rising

Bolsonaro angry as Norway stops funding Amazon protection

“Over the last decade, Norway has donated more than $1.2bn to the Amazon Fund, which protects the Brazilian rainforest.”

Bolsonaro Lowers Import Taxes on Electronic Games Hardware

“Bolsonaro had previouslyexpressed his interest in reducing the tax burden on these products since Brazil is a large market for the sector.”

Argentina’s Macri shelves sales taxes as he seeks to cut left’s lead

“Argentine President Mauricio Macri, smarting from a bruising primary election loss, announced on Thursday an end to sales taxes on basic food products until the end of the year in a bid to salvage his

Economy Minister Says Brazil Will Leave Mercosur Should Argentina Halt Liberalization

“In Argentina, there are more and more voices that do not appreciate the threatening gestures from northern neighbor Brazil. Macri is being seen by an increasing number of Argentinians as Bolsonaro’s puppet.”