Industries and markets

Argentina’s bill to restructure public debt in dollars issued under local law

“The process to revamp the local-law debt is running in parallel to tense negotiations with international creditors to restructure US$ 65 billion of the nation’s foreign-law bonds, with a deadline for creditors to accept a

Peruvian president reshuffles cabinet following the harsh economic impact of the pandemic

“Peruvian President Martín Vizcarra undertook a major government reshuffles this week, replacing more than half his cabinet as his popularity has taken a hit due to the harsh economic impact of the coronavirus pandemic and

Brazil: General Data Protection Law and Reporting Requirements (LGPD)

Because Brazil has not established data protection culture in the past, there are no pre-existing formats, templates, ready-made formulas or programs that meet the requirements of the General Data Protection Law  (LGPD). Consequently, there are

UNAM study estimates virus has left 16 million more in extreme poverty

“The study estimates that the number of Mexicans in extreme poverty has risen from 22 million to 38 million, and builds on estimates by the social development agency Coneval.”

Wall Street’s Surprising Latin American Unicorn Is Worth R$30 Billion

“Globant works for clients such as Google, Disney, Santander, and JP Morgan and has appreciated 1,600 percent since its Initial Public Offering (IPO) in New York in 2014.”

Mexico may accept medical kit in barter for presidential jet

“Mexico’s government is considering a $120 million bid for a luxurious presidential jet after an unidentified prospective buyer offered to pay part in cash and part in medical equipment, a government official said on Monday.”

Automobile Component Suppliers Migrate Operations from Argentina to Brazil

“Companies in the automotive OEM sector claimed poor economic conditions and announced the closure of plants in the neighboring country.”

Publication of version 7.0.5 of the Digital Accounting Bookkeeping (ECD) program

On July 7, 2020, version 7.0.5 of the Digital Accounting Bookkeeping (ECD) program was published, with the following changes:   Improvement of the program’s performance in validation Correction of the DRE validation rule, when there

Brazil: Version 6.0.4 of ECF Program published

ECF is an acronym for “Escrituração Contábil Fiscal” and describes an accounting bookkeeping report that is an ancillary obligation due under SPED. Like ECD, the ECF  submits the data generated for the previous calendar year 

Brazil Zeroes Common External Tariff on Wheat, Sparking Argentine Protests

“Brazilian mills urged the government to expand the quota with free tariff to other markets for fear of wheat shortages in the neighboring country. Argentines deny risk of supply shortages.”