Industries and markets

US dollar up in Argentina on fears of Sunday’s primaries and the global trade dispute

“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.”

Peru orders army to secure port in face of protest against mining project

“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.”

Bovespa Index Sharply Declines Amid U.S. and China Trade Tension

“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.”

Telefonica Brazil and three sub contractors responsible of engaging slave labor

“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.”

Brazil and Uruguay Sign New Protocol to Ease Intra-Mercosur Investment

“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.”

Brazilian Gaming Market to Grow Over Five Percent by 2022

“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.”

Auto sales slump: dealers chalk up 26 months of declining sales

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

Brazil: How IT and Communication Technology Companies can save Taxes

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

Mexico government cuts spending, claims to have saved $6 billion

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

Macri on course for defeat in Argentina

“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.”