Industries and markets

Macri anticipates that Argentina’s inflation will accelerate to 3% in August

“The peso lost 18% of its value in a week after leftist opposition presidential candidate Alberto Fernandez netted a 15-point lead in an Aug. 11 primary election, as investors reassessed the prospects of business friendly

Brazil: New Tax Rates Proposal

The Bill that introduces new tax tables is part of President Jair Bolsonaro’s campaign goal of exempting taxpayers with incomes of up to five times the minimum wages as well as easing the corporate tax

To shore up peso, Argentina breaks IMF rule

“Argentina’s IMF deal sets a $250m daily limit on foreign-reserve sales, but on Tuesday, the central bank sold $320m.”

Brazil’s Bolsonaro rating collapses, according to latest opinion polls

“The approval rating of right-wing President Jair Bolsonaro’s government has plunged to 29.4% in August from 38.9% in February, according to a poll published on Monday that showed a majority of Brazilians are unhappy with

Brazil rejects G7 aid, and tells Macron to reforest Europe and to look after world heritage sites

“Macron cannot even avoid a foreseeable fire in a church that is a world heritage site. What does he intend to teach our country?” He continued, referring to the fire in April that devastated the

Argentina and Brazil replacing US as main soybean suppliers of China

“Amid trade tensions with the US, China’s July soybean imports from Argentina increased 328% month on month and 269% year on year to 1.07 million metric tons, according to customs data.”

Brazil: New Reporting Rules for Cryptocurrencies

Since August 1st, 2019, transactions with cryptocurrencies (such as Bitcoin) have to be reported to Brazil`s tax authority RFB. Specifically, the RFB wants to know who is using these currencies, how much they are paying

Franchise Sector Sees Over Six Percent Growth in First Half of 2019

“Revenues for the sector increased from R$79.496 billion to R$84.586 billion. According to the president of ABF, André Friedheim, franchise networks “are performing above the independent business average.”

Brazilians rally to support big corruption investigation

“The protesters also urged President Jair Bolsonaro to reject recently passed legislation that would impose prison time for officials who obtain evidence by unlawful means.”

Crowds fill Argentine streets to back conservative president

“Despite the outpouring, many political analysts believe that unless something extraordinary happens, Macri will find it difficult to reverse the advantage held by the Fernández slate.”