Industries and markets

“Argentina’s peso fell 1.8% on Monday to 45.49 per U.S. dollar due to uncertainty over the country’s presidential election and the fallout from U.S.-China trade tensions, traders said.”

“Peruvian President Martín Vizcarra on Sunday authorized the army to maintain order at a key mining port, a day before an expected new round of protests against Southern Copper Corp’s $1.4-billion proposed Tia Maria mine.”

“B3, the main index of the São Paulo Stock Exchange, closed trading with a strong drop on Monday, August 5th, amid the increase in commercial tensions between China and the United States.”

“A panel of labor judges in Espirito Santo state ruled that Telefonica, publicly traded as Vivo in Brazil, was guilty after workers toiled in slavery-like conditions during the building of a cellphone tower in 2014.”

“The Intra-Mercosur Cooperation and Investment Promotion Protocol for Brazil and Uruguay came into force this week, and the two countries have already signed the document.”

“Last year, the sector’s revenues in the country reached US$1.5 billion, holding the leading position in Latin America and 13th in the global ranking.”

“July sales were down 8% from the same month last year.”

Which tax benefits exist? In Brazil, companies in the IT and information and communication technology (ICT) sectors can exclude certain costs from the net income for the purpose of calculating actual profit, without prejudice to

“President Andres Manuel Lopez Obrador has halved his salary, sold the presidential plane and flies economy.”

“President Mauricio Macri is likely to lose October’s elections, polls at the weekend suggested, in what would be a major blow to imperialism in Latin America.”