LatinNews Regional Monitor: Brazil & Southern Cone - 12 August 2019

On 11 August, Brazil’s President Jair Bolsonaro responded to the news that Germany has suspended donations to the Amazon Fund by saying that Brazil “does not need” the aid and that the money could be better spent by Germany elsewhere.... Read More

* The government of the Brazilian state of São Paulo has announced that Chinese telecommunications company Huawei will invest US$800m between 2020 and 2022 in the construction of a second factory in Brazil’s most populous state.... Read More

On 11 August, the preliminary results from the open, simultaneous, and mandatory party primaries (Paso) ahead of Argentina’s 27 October general election showed that the Frente de Todos opposition presidential ticket led by Alberto Fernández received far more votes than any other.... Read More

* According to official figures obtained by national daily El Observador, in the first half of 2019, Uruguay’s fish exports were US$47.1m, down 2.4% in value terms on the same period in 2018.... Read More

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Brazil’s state-owned oil company Petrobras will no longer hold a monopoly on the natural gas market following a deal with antitrust authorities.... Read More

On 28 June Chilean retail giant Cencosud earned US$1.055bn in the largest IPO ever made on the Santiago stock exchange.... Read More

The Paraguayan capital of Asunción thought it had come up with a solution to its famous traffic congestion, a bus rapid transit (BRT) system known as Metrobús, but the wheels have come off the project amid allegations of corruption.... Read More

Uruguay will not hit its fiscal deficit target of 2.5% of GDP in 2019 and faces a complicated economic situation in the run up to this year’s elections on 27 October.... Read More