Industries and markets

Exxon-Mobil begins long term development of oil and gas in Argentina’s Vaca Muerta shale deposits

“ExxonMobil said on Tuesday it will proceed with a long-term oil and natural gas development project on a block in Argentina, targeting the Vaca Muerta shale play. The US-based company plans to drill 90 wells

Three foreign airlines interested in operating in the Brazilian domestic market

“Brazil’s Senate passed legislation on May 22 that would permanently open up Latin America’s largest air travel market after years of debate. The measure still needs to be signed by Brazil’s President Jair Bolsonaro.”

Lava Jato leaks: Calls for Minister Moro to resign

“Brazil’s Justice Minister Sergio Moro faced intense pressure on Tuesday after leaked personal messages raised doubts about his impartiality as the judge overseeing landmark corruption cases, with an influential newspaper calling on him to resign.”

Argentina’s Macri chooses moderate running mate in move to broaden base

“Moderate Argentine Senator Miguel Pichetto will run as vice-presidential candidate with President Mauricio Macri in October’s election, the two politicians said on Tuesday, a selection that could help broaden the struggling leader’s voter base.”

Peru: Local Report for Transfer Prices

The Local Report is an affidavit that must be presented to the Peruvian tax authority SUNAT for transfer pricing. But what exactly are the requirements of the local report, who needs to submit it and

Chile Central Bank Stuns Market With a Half-Point Rate Cut

“Chile’s central bank stunned analysts by cutting its key interest rate by 50 basis points, the biggest reduction in a decade, saying the economy could grow faster without fueling inflation.”

Mexican soldiers blocking migrants as they cross the border from Guatemala

“The Mexican response in the border town of Metapa, which included dozens of soldiers, marked a toughening of the government’s efforts to curb the flow of mainly Central American migrants, said Salva Cruz, a coordinator

Brazilian manufactured cargo plane undergoing certification tests in United States

“The Brazilian military’s brand new multi-functional twin-engine cargo plane, Embraer KC-390, will be tested by the country’s air force at the US military’s biggest range – Yuma Proving Ground (YPG). The plane has been in

Brazil will supply Argentina with German built submarines in need of repair

“Brazil will be supplying the Argentine navy with four IKL German manufactured submarines, two at a time, which are in need of repair and refurbishment before they become operational, and also help with the training

Colombia: Apply online for Electronic Signature Instrument

With Resolution 000022 of 2019, the Colombian tax authority DIAN states that users can now apply for electronic signature instruments online. A requirement for the application is that the user must electronically accept the FE