Industries and markets

Brazil’s Sergio Moro looks to overhaul crime fighting

“Justice Minister Sergio Moro presented an anti-crime bill Monday that seeks to toughen Brazil’s approach to organized crime, corruption and violence. Key measures include obligating convicts to begin serving their sentences after a first appeal

Mexico Posts Record-High Trade Surplus Even After Nafta Redo

“Mexico, which sends the vast majority of its exports to the U.S., saw its surplus soar to $1.8 billion, the most for any month since data has been collected in 1999. Automotive exports rose 7.4

Brazil: INSS Update

The Resolution Nr. 9/2019 specifies the modifications to the INSS contributions in line with the social security regulations. According to the new resolution, beenfits pais by the National Institute for Social Security (INSS) have been

Mexico investigates 3 officials from state oil company

“We can’t tolerate anything that has to do with corruption or even accept suspicions,” he said. Mexico comptroller Irma Erendira Sandoval said that the Pemex officials, including the current head of exploration and production, had

Brazil’s New Congress Starts Friday Already with Controversial Issues

“Among the first issues this new Congress will have to discuss is the social security reform. The reform is considered by President Jair Bolsonaro’s economic team as essential to improve the country’s dismal public accounts.

Peru: CbC Report Exchange since “MCAA CbC”

At the end of 2018, Peru signed the Multilateral Competent Authority Agreement (MCAA CbC) which regulates the exchange of Country-by-Country reports. Thus, Peru has committed to send CbC reports to 44 countries until January 31st,

Brazil: Exporting States limit the Usage of ICMS Tax Credits

A non-published study of the National Confederation of Industry (CNI) shows that the 10 biggest exporting states in Brazil limit the usage of ICMS tax credits of companies selling products abroad. The states` governments define

AMLO slams Fitch ratings agency ‘hypocrisy’ for Pemex downgrade

“At his morning press conference today, López Obrador lambasted Fitch, without citing its name, and other credit ratings for their assessment of the state oil company. “What these organizations do is very hypocritical . .

Brazil officials investigate kickback scheme

“Brazilian prosecutors say they’re investigating a kickback scheme involving bank directors who allegedly accepted bribes in exchange for investments in businesses that include the now-defunct Trump-branded hotel in Rio de Janeiro.”

Mexico teachers block railway lines, food shortages feared

“Teachers from the National Committee of Education Workers union began blocking the railroad tracks on Jan. 14 to protest labor demands. That has hampered the distribution of supplies for various industries, including hydrocarbons and grains