Industries and markets

Brazil: Tax Rate on various Capital Goods reduced to 0%

On August 2nd, the new Ordinance 510 was published in the Official Gazette (DOU). It changes the rates of import tax levied on capital goods to zero percent by December 31, 2021.   Which goods

Brazil Reduces Tax Rate on Several Capital Goods to Zero

“Capital goods are machinery, tools, facilities, and other types of equipment used to manufacture consumer products.”

Argentina’s production of oil and gas goes up although Santa Cruz and Mendoza’s go down

“Official statistics show that during the first half of the year the province’s crude production fell 6.7% and reached its lowest level in the last decade. At a national level, on the other hand, there

Brazil agrees to review secret Itaipu deal that nearly cost Paraguay’s President Abdo his job

“The relationship with Paraguay is exceptional, we want to do justice on that issue” by reviewing the price of energy from the Itaipu dam’s binational plant, Bolsonaro was quoted as saying.”

S&P retained its ‘B’ rating for Argentine debt

“IMF approved a US$ 56 billion standby loan for Argentina to help the Macri administration implement a tough austerity program to stabilize the economy, and prepare for any financial emergency ahead of the coming October

Barrick Gold to invest 34 million dollars over two years on Argentina’s Veladero mine

“Bristow stressed that “the mine increased its production by 26,000 ounces in the second quarter of the year” and also noted that “in the last 14 years Veladero has contributed $ 8.9 billion to the

Cryptocurrency Transactions in Brazil Must Now be Reported to its Tax Authorities

“The measure applies to companies, individuals, and brokers using this financial transaction system.”

China, Colombia sign 12 new agreements to strengthen bilateral ties

“China welcomes Colombia to take part in the Belt and Road construction so as to realise the alignment of development strategies of both sides and enhance people-to-people exchanges, to jointly safeguard the existing international system

Brazil already engaged in trade talks with United States, says minister Guedes

“Brazil and the United States compete in key areas like agriculture, making it likely the trade talks will be fraught and long-lasting.”

Mexico’s president says first half growth data is ‘very good news’

“Eine vorläufige Schätzung der nationalen Statistikbehörde ergab, dass Mexiko im ersten Halbjahr 2019 kaum ein Abgleiten in die Rezession vermied, da das Bruttoinlandsprodukt im zweiten Quartal um einen Bruchteil wuchs.”