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Latin American Economy & Business - October 2018

Leader
A deal has finally been done to renegotiate the North American Free Trade Agreement (Nafta), which is now re-named the US-Mexico-Canada Agreement or USMCA.... Read More
Regional Economy Review
Argentina’s economy had a terrible month in September.... Read More
The first round of what are possibly the most controversial and unpredictable Brazilian presidential elections in the last three decades will be held on 7 October.... Read More
Whoever wins the presidency will face major challenges to get the economy back on a growth path.... Read More
Governments across Latin America and the Caribbean spend a lot of money, but there is significant waste and inefficiency in the way they do it.... Read More
The new administration of President Iván Duque has been promising tax reforms and other measures to improve the country’s public finances.... Read More
Venezuelan President Nicolás Maduro visited China from 14-16 September, signing a series of cooperation agreements.... Read More
Central bank interest rates in three Andean countries (Chile, Peru, and Colombia) could be about to begin moving up, heralding a new monetary tightening cycle.... Read More
The government submitted a request to the National Assembly in late September to modify fiscal responsibility legislation in order to allow a US$300m increase in spending.... Read More
From 5-6 September Barbados played host to two Caribbean Community (CARICOM) meetings.... Read More
Regional Business Review
Higher global oil prices have benefitted state-run oil company Petrobras’ underlying accounts, generating a higher second-quarter profit, even while underlying production volumes have disappointed.... Read More
Despite long-running government efforts to boost domestic agricultural production, output levels remain weak.... Read More
Rockhopper Exploration has given renewed signs of optimism about the prospect of eventually beginning exploration as part of the Sea Lion project in the Falkland Islands.... Read More
Walmart buys Cornershop: US based retail chain Walmarket International said it was buying online grocery company Cornershop, which has a strong presence in Mexico and Chile, for US$225m.... Read More

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