Industries and markets

Combative exchanges as Brazilian congress debates the pensions’ system reform

“Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government’s proposed pension reform, insisting it is critical to fixing the country’s “doomed” social security system but opening the door to

Analysts reduce their inflation forecast—and growth

“In the Bank of México (Banxico) March survey, analysts predicted GDP growth of just 1.56% this year, a 0.08% cut compared to their outlook in the February survey.”

Brazil posts lower trade surplus in March with a strong rise in imports

“Brazil posted a trade surplus of US$ 4.99 billion in March, the Economy Ministry said, significantly smaller than the same month a year ago thanks to a strong rise in imports. The trade surplus last

Brazil opens Israel trade mission in Jerusalem, short of full embassy move

“Brazil decided to create an office in Jerusalem to promote trade, investment, technology and innovation as a part of its embassy in Israel,” the Foreign Ministry in Brasilia said in a statement”

Mexico: Initial contracts have been signed for Maya Train project

“The route has also been extended to take in a port in Campeche.”

Mexico: AMLO celebrates Senate vote to abolish the fuero

“Eliminating protection from prosecution for politicians moves a step closer.”

Brazil’s North-South Rail Auctioned For R$2.7 Billion

“Designed to be the backbone of Brazil’s rail transportation, the North-South Railroad was auctioned off this week, for R$2.719 billion. The winner, Rumo SA, obtained the concession use of a 1,537-kilometer transport network, from Estrela

Brazil: Government of Distristo Federal reduces ICMS tax to appease Big Business

Governor Ibaneza Rocha signed a Decree on Monday which reduces the ICMS rate in the Federal District (DF) to 3%. ICMS is levied on goods and services has previously been set at 5% in DF.

Argentina requests waiver ahead of IMF’s third review to further release funds

“The matter was “simply a question of availability of certain data” that was expected to be submitted as the IMF meeting had been postponed from its original date at the end of March, a spokesman

Brazil: Group 1 enters the last phase of eSocial

The SST (Segurança e Saúde do Trabalhador no Brasil) is a public system aimed at collecting information about the security and health of employees. In order to collect these onformation they have to be submitted