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LatinNews Daily - 22 October 2021

Main Briefing
Contrary to his public statements Mexico’s President Andrés Manuel López Obrador has no role to play in renewing the operating concession of mobile phone company Telmex, the federal telecommunications institute Instituto Federal de Telecomunicaciones (IFT) said in a formal statement on 21 October...
Andean
On 22 October various Ecuadorean media outlets reported that President Guillermo Lasso is under investigation by the attorney general’s office (AG) for alleged tax fraud, following his naming in the Pandora Papers investigation by the International Consortium of Investigative Journalists (ICIJ)...
* Ecuador’s ministry of mining and non-renewable natural resources has announced that mining exports totalled US$961.1m in the first eight months of 2021...
Brazil
On 21 October, two senior officials in Brazil’s economy ministry and their respective deputies resigned, while the real plunged against the US dollar in reaction to comments made by Economy Minister Paulo Guedes the previous day regarding the possible loosening of Brazil’s fiscal rules. ..
* Enel Green Power, the renewable energy subsidiary of multinational power company Enel, has begun operations at its Cumaru wind farm in Brazil, situated in the municipality of São Miguel do Gostoso in the north-eastern state of Rio Grande do Norte...
Central America & Caribbean
On 21 October Nicaragua’s national police arrested the president and vice president of the country’s most influential umbrella business group, Consejo Superior de la Empresa Privada (Cosep)...
* International credit ratings agency S&P Ratings has revised its outlook on El Salvador to negative from stable and re-affirmed its ‘B-/B’ sovereign credit rating...
Mexico
* The Mexican branch of the BBVA bank has lowered its 2021 growth forecast for Mexico from 6.3% to 6.0%, attributing the reduced forecast to weak internal consumption and low growth in the automobile manufacturing sector due to bottlenecks in supply chains...
Southern Cone
On 21 October Argentina’s President Alberto Fernández partially rejected a request for federal law enforcement help from the governor of the southern province of Río Negro, Arabela Carreras...
* Argentina’s national statistics institute (Indec) has released the latest figures on its monthly index of economic activity (Emae), showing that economic activity expanded 12.8% year-on-year in August...

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