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LatinNews Daily - 11 October 2018

Main Briefing
Development: On 10 October the Argentine government led by President Mauricio Macri announced that it was reversing its recent decision to retroactively increase natural gas tariffs and that it would now assume the full costs of losses incurred by gas production and distribution firms resulting from the sharp devaluation of the peso rather than pass it on to consumers.... Read More
Andean
Development: On 10 October a Peruvian judge, Richard Concepción Carhuancho, ordered the preventative arrest of Keiko Fujimori, the leader of the main right-wing opposition Fuerza Popular (FP) party for ten days.... Read More
* Bolivia’s President Evo Morales has announced that workers will receive a second annual pay bonus (‘aguinaldo’) at the end of the year due to the fact that year-on-year GDP growth in June 2018 was 4.61%.... Read More
Brazil
Development: On 10 October, the Partido Democrático Trabalhista (PDT) announced that it will officially be backing the Partido dos Trabalhadores (PT) candidate Fernando Haddad in Brazil’s 28 October presidential run-off.... Read More
* Brazil’s council of coffee exporters (Cecafé) has released figures showing that the country exported 3.02m 60-kg bags of coffee in September, a 24% year-on-year increase.... Read More
Central America & Caribbean
Development: On 10 October Guatemala’s former attorney general (AG) Thelma Aldana (2014-2018) denounced that a seventh complaint against her had been filed by “mafias operating with their lies to attempt to stop progress in the battle against corruption and impunity”.... Read More
* Manuel Ferreira, the director of Panama’s private sector lobby (CCIAP)’s centre for economic studies, said that the country’s GDP growth for the second quarter of 2018 was 3.1%, compared with 5.2% for the same quarter in 2017.... Read More
Mexico
Development: On 10 October, the electoral tribunal in the Mexican state of Puebla (Teep) confirmed that Martha Érika Alonso, candidate for the right-wing opposition Partido Acción Nacional (PAN), had won the gubernatorial election in Puebla.... Read More
* Mexico’s national statistics institute (Inegi) has released the latest inflation figures, showing that the consumer price index (INPC) increased by 0.42% in September, largely due to an increase in energy prices.... Read More
Southern Cone
* Paraguay’s national statistics directorate (DGEEC) has released the latest instalment of its national household economic survey, which found that the national unemployment rate stood at 5.9% in the second quarter of the year, 1.4 percentage points lower than the 7.3% unemployment rate registered in the comparable period of 2017.... Read More

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