Industries and markets

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.”

Unemployment Rate in Brazil Drops to 12 Percent in Q2

“The country’s unemployment rate dropped to 12 percent in the second quarter, down from 12.7 percent in the first quarter of this year and from 12.4 percent in the second quarter of 2018.”

Brazil`s Government stops reducing Tobacco Tax to combat Smuggling  

Between 2011 and 2016, there was a progressive tax increase on cigarettes in Brazil. The measure was acknowledged by experts as one of the factors that led to the reduction of smokers. Between 2011 and

Mexico’s central bank cuts rates for first time in five years

“Mexico’s central bank on Thursday cut its key lending rate for the first time since June 2014, citing slowing inflation and increasing slack in the economy – and fueling expectations that further monetary policy easing

Bolsonaro insists Argentina is heading for “Venezuelan chaos” with the “leftist bandits”

“Argentina’s Merval stock index was down 34.47% since the start of the week.”