Industries and markets

Mercosur aims for tax-free car sales

“Experts discuss internally what the approach and timing should look like.”

Bolsonaro’s 200-day administration stimulus package will be announced 24 July

“Brazil’s government is expected to detail its plans to release funds from the workers’ severance fund, known as FGTS, on July 24, the presidential chief of staff Bolsonaroaid.”

Huawei is not restricted in Brazil, says VP Hamilton Mourao

“Huawei, a leader in next-generation 5G wireless technology, is barred from developing 5G networks in the United States over concerns about its ties to the government in Beijing and possible security threats.”

Chile reduces copper price projection for 2019 as China’s demand slows down

“In its second-quarterly report the Chilean Copper Commission (COCHILCO) also reduced its 2020 projection from US$3.08 to US$2.90 a pound, it said in a statement.”

No Rosy Outlook for Brazil’s Foreign Trade in 2019

“The Foreign Trade Association of Brazil (AEB) reported on Wednesday, July 17th, its revised estimates for the Brazilian trade balance in 2019, updating those made last December.”

Nervous foreign investors are pulling back, see higher risk in Mexico

“They have been selling off government securities since February.”

Argentina’s inflation expected to stay on the downpath in July

“Sandleris pointed out that inflation has been “three months moving down” and that “we hope [the trend] will continue.” But he warned it will not be linear.”

Argentina creates anti-terrorism database

“People and groups named could face financial sanctions.”

Ex-Ecuadorian president confirms Assange meddled in US election from London embassy

“Former Ecuadorian President Rafael Correa said Tuesday his country was aware that WikiLeaks founder Julian Assange was interfering in the 2016 US presidential election from the safety of Ecuador’s embassy in London, where he lived

Mexico cuts budget for all, from athletes to archaeologists

“The Mexican Olympic Committee said Wednesday it will no longer be able to offer food, lodging and medical services at its main sports training complex, the latest casualty in a round of deep budget cuts