Industries and markets

Brazilian markets react positively on hopes of progress on pension reform

“MSCI’s index of Latin American stocks rose 1.2 percent. Each country’s bourse gained at least as much as the regional benchmark. Sao Paulo-traded stocks tacked on 1.9 percent, clocking broad-based gains in their best one-day

Trade, migration are separate issues, Mexico tells Trump, who makes new threat

“For the government of Mexico, keeping migration issues and trade issues separate is very important,” Graciela Márquez told a press conference. “The United States government sometimes mixes the two issues but for us it’s very

Argentina Gets $10.8 Billion From IMF as Peso Hits Record Low

“The IMF didn’t specify a date for release of the funds, which were approved on the day that the peso closed at a new record low. Argentina signed the $56 billion expanded credit deal with

Brazil: Tinder for Jobs

Currently, the Brazilian government is working on measures to liberalize its economy. The article outlines what companies have to prepare for. Because of the  forecasts of a sinking GDP the Brazilian Ministry of Economy created

Brazil: 1200 businesses warned because of missing EFD Reports

The Ministry of Finance of Mato Grosse (SEFAZ-MT) reported 1.200 taxpayers that have not submitted their EFD reports between September and December of 2018. Because of the irregularities, about R$ 30 in ICMS revenues (tax

Argentine soybean farmers sign delayed-price contracts

“Soybean growers in Argentina are playing a waiting game, wagering on better prices ahead as the U.S. and China inch toward a trade deal and as nation’s currency keeps depreciating.”

Petrobras finally shows positive results and with strong growth prospects

“Petrobras has finally announced a positive annual result, five years after the Lava Jato corruption probe left the Brazilian state-controlled company with spiraling debts. The firm closed the year with a US$ 25.8bn net profit,

Brazilian economy picking up but employment remains flat

“Survey data showed a remarkable upswing in inflows of new work at Brazilian service providers, which suggests that the economy may be heating up,” said Pollyanna De Lima, Principal Economist at IHS Markit.”

Combative exchanges as Brazilian congress debates the pensions’ system reform

“Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government’s proposed pension reform, insisting it is critical to fixing the country’s “doomed” social security system but opening the door to

Analysts reduce their inflation forecast—and growth

“In the Bank of México (Banxico) March survey, analysts predicted GDP growth of just 1.56% this year, a 0.08% cut compared to their outlook in the February survey.”