Industries and markets

Brazilian Lower House committee challenges Bolsonaro and Justice Minister Moro

“Brazilian lawmakers dealt a blow to the country’s graft-busting Justice Minister Sergio Moro on Thursday, when a congressional committee voted to transfer a key tool for monitoring financial transactions to the recently formed Economy Ministry.”

The bank expects the rate to stay at that level for the rest of the year, but flagged a possible rise to 7.5% in 2020, according to a statement released after its meeting.

“The bank expects the rate to stay at that level for the rest of the year, but flagged a possible rise to 7.5% in 2020, according to a statement released after its meeting.”

Inflation in Brazil peaks to an annualized 4.9% during April

“Annual consumer price inflation in Brazil rose to 4.9% in April, government statistics agency IBGE said on Friday, the highest in over two years and further above the central bank’s end-year target of 4.25%. It

Developers rush to supply electricity to Brazilian state that depends on Venezuelan power

“Developers have presented more than 150 proposals for power plants ahead of an auction this month to supply electricity to the Brazilian state of Roraima, which has struggled with a rash of blackouts due to

Brazil confident of a Mercosur/EU trade accord in coming weeks

“The European Union and Mercosur will likely close a trade agreement in the near future, Brazil’s Foreign Trade Secretary Lucas Ferraz said in an interview with Bloomberg. “We’ve never been so close,” Ferraz said adding,

Business, analysts doubtful about refinery plan, warn of financial risk

“If specialized international firms can’t make it work, can a government do so with little or no experience?”

Argentina: Doubled VAT fee and temporary Import Fee

VAT Increase From now on, according to the AFIP, the VAT rate on imports of certain goods will increase from 10% to 20%. This is the result of General Decision No 4461/2019, published in the

Brazil: Why the tax reform depends on the pension reform

The most sensitive issues of the new Brazilian government are the long overdue tax and pension reform. But which of them has priority? During a public hearing of the Human Rights Commission (CDH) on Monday,

Bolsonaro denies he’s a racist and that racism is a problem in Brazil

“Racism is an insignificant problem in Brazil, according to President Jair Bolsonaro, who has been accused of not just racist but also homophobic and sexist comments in the past. Bolsonaro spoke to Rede TV in

Argentina auto exporters will receive a 6.5% tax refund for sales to Mercosur

“Argentina will give its auto exporters a larger tax rebate to help stimulate the flagging local sector that has been hit hard by a consumption slump and economic crisis in Latin America’s No. 3 economy.”