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LatinNews Regional Monitor: Brazil & Southern Cone - 06 August 2018

From LatinNews Daily
Development: On 4 August former president Lula da Silva (2003-2011) was confirmed by the Partido dos Trabalhadores (PT) party as its presidential candidate in Brazil’s 7 October general election, with former mayor of São Paulo, Fernando Haddad, announced as his running mate the following day.... Read More
* Brazil’s state-owned oil firm, Petrobras, has announced that it has posted net profits of R$17.03bn (US$4.53bn) in the first half of the year, a 257% year-on-year increase.... Read More
Development: On 3 August a former executive director of the Spanish-founded construction and energy firm Isolux Corsán, Juan Carlos de Goycoechea, admitted paying “contributions” to electoral campaigns during the Kirchnerista governments of the late president Néstor Kirchner (2003-2007) and his wife and successor Cristina Fernández (2007-2015).... Read More
Uruguay: According to the most recent survey of economic experts’ expectations by El Observador, a national daily, Uruguay’s GDP growth is forecast at 2.1% for 2018 and 2.6% for 2019, less than the 2.3% and 2.7% forecast in June 2018, respectively.... Read More
From Latin American Economy & Business
Foreign direct investment (FDI) flowing into Latin America and the Caribbean fell for the third year running in 2017, down by 3.6% to US$161.7bn, according to a report published in early July by the UN’s Economic Commission for Latin America and the Caribbean (Eclac).... Read More
Latin America is still on a recovery path: after a surge in consumption in 2017, investment is finally beginning to pick up.... Read More
With less than three months to go before the elections, and five before handing over power to his successor, it is widely agreed that President Michel Temer is a lame duck.... Read More
Paying taxes and dealing with Latin American governments in all sorts of different areas is time consuming, bureaucratic and often deeply frustrating.... Read More
There was a mix of good and bad news for Chile in July.... Read More
It could be called a turning point.... Read More
Latin America’s agriculture, livestock, and fisheries output is set to grow by 17% over the next ten years, according to a joint report by the Organisation for Economic Cooperation and Development (OECD) and the UN’s Food and Agriculture Organisation (FAO).... Read More
Uber says Mexico investment US$500m: US ride-hailing company Uber Technologies said in July that it had invested more than US$500m in its Mexican operations since launching there in 2013.... Read More

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