LatinNews Daily - 04 November 2022

On 3 November, Peru’s main extractive lobby, the Sociedad Nacional de Minería, Petróleo y Energía (SNMPE), warned that anti-mining protests in three regions are close to forcing shutdowns at some of the country’s most important mines, including the Las Bambas copper mine in the southern region of Apurímac.... Read More
* Colombia’s congress voted on 3 November to approve the flagship tax reform bill submitted by President Gustavo Petro’s government in August, although reconciliation between both chambers will be required before the bill passes to Petro for promulgation.... Read More
On 3 November, Brazil’s vice-president-elect Geraldo Alckmin (Partido Socialista Brasileiro, PSB) announced the beginning of the power transfer and said that president-elect Luiz Inácio Lula da Silva, of leftist Partido dos Trabalhadores (PT), would negotiate a constitutional amendment with congress to allow new spending for increased social benefits in 2023.... Read More
* Brazil’s state-owned oil company Petrobras has released its latest quarterly earnings report, which shows that the company posted US$8.8bn in profits in Q3 2022, up 48% on the same period last year.... Read More
On 3 November the United Nations General Assembly (UNGA) voted decisively in favour of a resolution calling upon the US to end its ‘economic, commercial and financial embargo’ on Cuba.... Read More
* Guatemala’s federation of coffee cooperatives (Fedecocagua) and the US Agency for International Development (USAID) have concluded a joint programme aimed at boosting Guatemala’s rural economy and slowing emigration through investment in the coffee sector.... Read More
On 3 November, Mexico’s President Andrés Manuel López Obrador denied his government was trying to “disappear” the national electoral institute (INE), but rather wanted to root out corruption.... Read More
* Mexico’s newly appointed Economy Minister Raquel Buenrostro has held her first virtual meeting with US Trade Representative (USTR) Katherine Tai, since taking over the role on 9 October following the surprise resignation of her predecessor Tatiana Clouthier (2020-2022).... Read More
On 3 November Chilean President Gabriel Boric’s proposed pension reform came under attack from congressional leaders, the industry, and grassroots movements, raising the likelihood that it will not be passed as proposed. ... Read More
* Argentina’s association of automobile manufacturers (Adefa) has released new figures which show that car production and exports increased in October 2022 in monthly and yearly terms.... Read More

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