Industries and markets

Mexico: Santa Lucía airport ruling also orders abandoned project be left intact

“A federal court yesterday issued a new provisional suspension order against the new Santa Lucía airport that also instructs federal authorities not to make any changes to the site of the abandoned Mexico City airport

President Macri and Cristina Fernandez share similar high rejection levels

“It is for what many Argentines believe a “terrifying” option, bringing back Cristina and her gang of corrupt bullies, or keep to Macri and his very poor handling of the economy with a damaging inflation

The Brazilian Tax Reform: the Taxpayer as an eternal Loser?

Both the international market and companies expect the Bolsonaro government to introduce an urgent tax reform that will increase legal certainty, reduce complexity and give investors more confidence in the Brazilian market. So far, however,

Exxon-Mobil begins long term development of oil and gas in Argentina’s Vaca Muerta shale deposits

“ExxonMobil said on Tuesday it will proceed with a long-term oil and natural gas development project on a block in Argentina, targeting the Vaca Muerta shale play. The US-based company plans to drill 90 wells

Three foreign airlines interested in operating in the Brazilian domestic market

“Brazil’s Senate passed legislation on May 22 that would permanently open up Latin America’s largest air travel market after years of debate. The measure still needs to be signed by Brazil’s President Jair Bolsonaro.”

Lava Jato leaks: Calls for Minister Moro to resign

“Brazil’s Justice Minister Sergio Moro faced intense pressure on Tuesday after leaked personal messages raised doubts about his impartiality as the judge overseeing landmark corruption cases, with an influential newspaper calling on him to resign.”

Argentina’s Macri chooses moderate running mate in move to broaden base

“Moderate Argentine Senator Miguel Pichetto will run as vice-presidential candidate with President Mauricio Macri in October’s election, the two politicians said on Tuesday, a selection that could help broaden the struggling leader’s voter base.”

Peru: Local Report for Transfer Prices

The Local Report is an affidavit that must be presented to the Peruvian tax authority SUNAT for transfer pricing. But what exactly are the requirements of the local report, who needs to submit it and

Chile Central Bank Stuns Market With a Half-Point Rate Cut

“Chile’s central bank stunned analysts by cutting its key interest rate by 50 basis points, the biggest reduction in a decade, saying the economy could grow faster without fueling inflation.”

Mexican soldiers blocking migrants as they cross the border from Guatemala

“The Mexican response in the border town of Metapa, which included dozens of soldiers, marked a toughening of the government’s efforts to curb the flow of mainly Central American migrants, said Salva Cruz, a coordinator