Industries and markets

Brazil returns to migrate abroad

“Migration in Brazil is changing since 2016 due to political and economic instability, and with the arrival of Bolsonaro to the presidency, it has increased.”

Peru: an institutionality permeated by corruption

“The preventive detention against Pedro Pablo Kuczynski (PPK) and the death of Alan García are one more link in the long chain of corruption of the Peruvian institutional system.”

Brazil: Ex-President Lula da Silva breaks his media silence

“After a year of being in jail, the former president of Brazil gave an interview in which he criticizes and gives his point of view on the government of Bolsonaro.”

What is the Odebrecht corruption scandal in Latin America, and who is implicated?

“Odebrecht is a Brazilian construction firm that was involved in the building of venues for the 2016 Olympics and 2014 football World Cup. It triggered Latin America’s biggest corruption scandal when it admitted in 2016

Brazil’s best performing hedge funds bet heavily on Petrobras

“One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petrobras. Joao Braga and Marcos Peixoto, who manage US$ 1.3 billion (5 billion reais) at XP Asset Management, have

Cost of Maya Train master plan, studies soars 710% to nearly 1bn pesos

“The projected cost of 120 million pesos (US $6.2 million) five months ago is now 972 million pesos (US $50.8 million).”

Bolsonaro cancels trip to New York where he was to be honored as “Person of the Year”

“Brazil’s President Jair Bolsonaro has cancelled a planned trip to the United States after protests from gay rights and environmental campaigners. Mr Bolsonaro was due to attend a ceremony in his honor in New York

Brazilian industrial production down 1.3% in March

“It was the biggest decline in six months, almost double the median estimate of a 0.7% fall in a poll of economists, and weighed heavily on the longer-term measures of industrial output.”

Brazil and Argentine currencies recover against a weaker US dollar

“MSCI’s index of Latam currencies rose 0.6% as regional currencies made impressive gains as the dollar slid.”

Brazil introduces Simple Credit Enterprises (ESC)

On April 24th, 2019, president Jair Bolsonaro has signed a law that introduces Simple Credit Enterprises (Empresa Simples de Crédito, ESC) to Brazil. The motivator behind the project is that Brazilian small and micro businesses