Industries and markets

Teheran threatens to cut Brazilian imports if Iranian vessels are not refueled

“Iran’s ambassador in Brasilia, Seyed Ali Saghaeyan, told Brazilian officials that his country could easily find new suppliers of corn, soybeans and meat if the South American country refuses to permit the refueling of the

Chilean lawmakers abolish law requiring Codelco to finance military

“The legislation replaces a 1958 law, strengthened during the dictatorship of Augusto Pinochet, that required Codelco to turn over 10 percent of its export sales to the military.”

Brazil Secures Santander’s Gains With 29 Percent of Global Profit

“Banco Santander has decided to cut profits from the first half of the year to finance the Redundancy Plan (known as the ERE) agreed with the Spanish unions that will result in the dismissal of

Brazil’s Petrobras Sells 35 Percent of its Service Station Chain for US$2.5 Billion

“Petrobras has sold, on Wednesday, July 24th, 35 percent of Brazil’s biggest service station chain, BR Distribuidora, for US$ 2.5 billion (R$ 9.6 billion), to 160 investors from different countries, such as the United Kingdom,

Bolsonaro plans to visit China and Arab countries next October

“Bolsonaro’s promise to move the Brazilian embassy in Israel to Jerusalem from Tel Aviv, following the steps of US President Donald Trump, has rattled Brazil’s relationship with Arab countries, which are a major destination for

Colombia could spend $1 billion on new air force planes

“Colombia is examining proposals from the United States, Spain and Sweden as it look to replace its aging military aircraft, the South American country’s air force said on Tuesday.”

Mexico`s inflation rate declines to 3.84% on drop in prices of agricultural products

“It’s the lowest the rate has been in 2 1/2 years.”

Argentina: The Electronic Credit Invoice Regime

According to Resolution 10/19 of the Ministry of Production and Labor, the Electronic Credit Invoice began to apply in May for all SMEs that sell to large companies. Initially, it will be limited to operations

Argentina: Increased Amounts not subject to Withholding Income Tax

On July 15, 2019, the Argentinian tax authority AFIP published the General Resolution 4525 which modifies General Resolution 830 by updating the amounts not subject to withholding income tax on certain incomes of different categories.

Brazil adopts new labeling system for pesticides

“Environmental experts welcomed the modernization of the system, used by over 50 countries, but said it was insufficient as it does not take into account the long-term effects of certain residues known to cause cancer.”