Industries and markets

Brazil: Access to the e-CAC Portal through Website

As of July 2, Brazil`s online financial services e-CAC Portal will receive yet another option to access the various virtual services of Brazil`s Federal Revenue RFB. In addition to the Access Code and the Digital

Half a million businesses could close permanently due to Covid

“Large-scale government support is needed to avoid the en masse closure of businesses.”

Brazil reaches 1,5 million Covid-19 contagion cases and over 60,000 deaths

“President Jair Bolsonaro has been widely criticized by health experts for downplaying the severity of the virus. Bolsonaro has pressured governors and mayors for months to reverse lockdown measures and reopen the economy.”

Brazil’s Embraer union files lawsuit against the company’s board over the collapsed deal with Boeing

“A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company’s board, after a US$4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jet-maker scrambling

Argentine economy expected to contract 12% this year, according to central bank poll

“The central bank poll of 41 analysts projected that inflation will be 40.7% this year. Prices are expected to have risen 2% in June.”

Colombian Senate approves trade agreement with the United Kingdom

“The United Kingdom’s investment in Colombia reached US $1.099 billion in 2019 and represented 7.6% of the foreign capital that arrived in Colombia last year.”

2 polls show AMLO’s approval rating is close to just 50%

“The El Financiero poll found that 42% disapproved of the job López Obrador is doing, an increase of five points compared to May and 13 points compared to April, the first full month of nationwide

Brazil restricts the entrance of foreigners for 30 days fearing the second wave of Covid-19 cases

“Foreigners with permanent residence in Brazil or working authorization will be exempted from the decree, along with foreigners with Brazilian spouses or children. Passengers in transit to other countries are also exempted, as long as

“Monumental” plunge of economic activity in Chile during May, 15,3%

“The May statistic follows a similarly dire result in April, when Chile´s economy plunged 14.1%. Both represent the index´s steepest year-on-year drops in 34 years.”

Aeromexico becomes latest LatAm airline to file for bankruptcy

“Aeromexico is the third airline to file for bankruptcy protection in Latin America, where carriers have been more affected by the crisis than anywhere else in the world.”