Industries and markets

As election looms, Argentina’s Macri announces relief measures after years of spending cuts

“Argentine President Mauricio Macri on Wednesday unveiled a package of welfare subsidies and tax cuts for lower-income workers to lessen the pain of an economic crisis months before elections, but his announcement failed to halt

Brazil Hopes to Raise R$1 Trillion Selling Off Properties and Assets

“Brazil’s federal government has decided to sell off more than 750,000 properties and assets, to gain cash flow. The ambitious plan expects the sales will raise over R$1 trillion (US$ 250 billion), say government officials.”

Brazilian Lower House Passes Basic Economic Freedom Measure

“The government says that the proposal aims to reduce red tape and provide more legal security to economic activities.”

What will be the IMF’s reaction to the new Argentine political scenario?

“The currency — which plummeted 18.76 percent on Monday — closed a further 1.77 percent down on Tuesday after the Central Bank had intervened to stave off bigger falls following losses of more than 3

Brazil Expects Near-Record Agricultural Production of R$603.4 billion in 2019

“The figure, according to the government, is expected to be the second-highest achieved by the sector in thirty years.”

Higher taxes on junk food, cigarettes, alcohol urged to fund health costs

“Additional taxes forecast to generate more than 100 billion pesos.”

Colombia: What to expect from SARLAFT?

SARLAFT stands for Asset Laundering and Terrorist Financing Risk Management System and describes a tool used to mitigate or prevent money laundering or terrorist financing. It consists of a series of controls and early warnings

Brazil May Have Entered Into “Technical” Recession in Second Quarter 2019

“The so-called “technical recession” occurs when there are two consecutive quarters of decline in the economic activity index. The GDP official result in the second quarter will be released by the IBGE on August 29th.”

Argentine vote leader questions deal with European Union

“Argentina’s newly established leading presidential contender is throwing doubt on a newly signed regional trade pact with Europe and also feuding with one of his country’s partners in the deal, the far-right president of neighboring

Mexican president says won’t cancel mining concessions, or grant new ones

“Mexico is the world’s top silver producer and one of the largest producers of copper and gold. The mining sector contributes about 4 percent of Mexico’s gross domestic product.”