Industries and markets

Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

“Market expectations of rate cuts this year are building. A weekly survey by the central bank showed that economists now expect the Selic rate to end the year at 5.75%.”

Unemployment in Argentina jumps to 10.1% in the first quarter of 2019

“This is the highest level since current president Mauricio Macri took office, and the worst in thirteen years.”

For the next 19 years, passenger tax will pay off debt of abandoned airport

“Planning to use Mexico City International Airport (AICM) during the next two decades? Be prepared to help pay off government debt.”

Argentina lines up for the August primaries; three leading presidential tickets

“These names, tickets and slates will be disputing the so called PASO primaries, open, simultaneous and mandatory, next August 11, and those who manage more than 1.5% of votes in this dispute, will be able

Brazil: Technical Note brings changes in version 2.5 of eSocial

With the recently published Technical Note 14/2019 some adjustments to the tables are made for the layout of the eSocial report. The following events are affected by changes:   Event Functional Changes Implementation starting S-1000

Bolsonaro insists with private savings accounts for the pensions’ reform

“The debate, which could extend into next week, comes ahead of a committee vote on the bill by June 26, according to lower house Speaker Rodrigo Maia, before it is considered for plenary approval.”

United Airlines reaches US$ 1.9bn deal with Embraer involving 39 E-175

“Deliveries of the new planes are expected to begin in the second quarter of 2020. The new aircraft will replace aging E-175s in United’s fleet of regional aircraft operated by several regional airline vendors, including

Four EU leaders express concern over EU/Mercosur farm sector deal

“French President Emmanuel Macron and three other national leaders warned the European Commission that a trade deal with trade bloc Mercosur “could ultimately destabilize production and the agricultural sector.”

Mexico auctions drug lords’ properties to fund poor communities

“According to Mexican media, the auction raised 56.6m pesos ($3m; £2.3m) of the 167m pesos predicted.”

How does Odebrecht bankruptcy affect victim countries of corruption?

“The fact that Odebrecht has declared bankruptcy means only one thing: impunity for the cases in the countries that were victims of corruption.”