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LatinNews Regional Monitor: Brazil & Southern Cone - 13 November 2018
From LatinNews Daily
Development: On 12 November Argentina’s President Mauricio Macri signed a presidential decree under which private sector firms in the country are to pay a year-end bonus to their employees to compensate for the loss in purchasing power resulting from Argentina’s high inflation rate.... Read More
Development: On 12 November Brazil’s former finance minister and current CFO of the World Bank, Joaquim Levy, was confirmed as the new CEO of the state-run development bank (BNDES).... Read More
* The Brazilian firm Braskem, Latin America’s largest petrochemical company, has reported that its net profits in the first nine months of the year totalled R$2.45bn (US$795.9m), 20% lower than in the comparable period last year.... Read More
* Uruguay’s national retail and services chamber (CNCS) has published a new report in which it warns that Uruguay’s domestic economy is entering a “danger zone” and could start to stagnate or even contract next year.... Read More
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