News of companies

Lula irks foreign oil companies with new tax

23-03-2023 14:38 Brazil's new tax on crude exports set to run from March to July leads foreign oil companies to petition the federal government

BLOOMBERG

Rich investors pull out of Chile, leaving behind a US$50-billion hole

19-01-2023 14:45 Chile, Latin America’s stand-out economy for the better part of 50 years and a darling of Wall Street, is in many ways facing an existential moment.

PRODUCTION

Economists and businesses see a dollar drought on the horizon

03-11-2022 00:34 Private sector fears government's economic team will tighten restrictions on access to hard currency for purchase of inputs, creating a dollar desert drought until March.

MASSA’S TRIP TO WASHINGTON

Report: Argentina may request new loan from IMF’s ‘resilience’ trust

25-08-2022 17:00 Planning for Economy Minister Sergio Massa’s trip to the United States ramps up, with IMF talks leading the agenda.

POLICY

Capital controls on tech firms, employees relaxed to halt ‘brain drain’

02-06-2022 20:41 Accumulation of Central Bank reserves is one of the key aims in changing regulations for the capital of software companies. Hi-tech sector has sounded alarms over number of formal jobs lost this year by employees seeking ‘dollarised’ salaries.

by Lorena Rodríguez

BLOOMBERG

Argentine firms cut from dollar access rush to refinance debt

20-05-2022 13:39 Local firms begin to refinance debt due next year as they lose faith Central Bank will roll back restrictions that limit access to dollars.

TECH & TAX

Argentina's tech industry earning billions of dollars off the books

22-04-2022 16:30 Billions of dollars in Argentine technology exports are going unreported as companies and freelance workers skirt currency controls, according to an industry group.

LITHIUM

Lithium's rally isn't slowing as costs rise for electric vehicles, batteries

03-11-2021 07:00 Electric vehicles have lithium booming — and this time, there is no bust in sight.

BLOOMBERG

Argentina seeks pre-election price freeze on 900 household goods

13-10-2021 15:44 Government aims to extend Precios Cuidados price control programme to approximately 900 household goods in its latest attempt to recover ground with voters.

Bloomberg

MercadoLibre SPAC has 30 Latin America tech firms in its sights

02-10-2021 08:03 E-commerce giant's firm with venture capital firm Kaszek is just getting off the ground. Already, the e-commerce giant’s executives are mulling more partnerships in the region.

BLOOMBERG

Debt load threatens Latin America jobs recovery, World Bank says

14-09-2021 12:06 Latin America’s heavily-indebted corporations are likely to delay rehiring workers during the recovery from last year’s slump, according to the World Bank.

15% AGREED

Global tax overhaul nears historic deal amid last-minute hurdles

03-07-2021 13:31 Deal is a victory for the Joe Biden administration and its global allies, although it still faces multiple significant obstacles to completing an ambitious plan that has been years in the making.

Corporate taxation

Guzmán praises G7's minimum global corporate tax initiative

06-06-2021 09:32 Argentina's economy minister says move to create a global minimum corporate tax rate of 15% is "a positive step to attack tax avoidance from multinationals."

WORLD ECONOMY

G7 strikes 'historic' agreement over global corporate tax

06-06-2021 09:24 Group of Seven rich nations agree landmark deal that could help countries collect more taxes from big companies and enable governments to impose levies on tech giants such as Amazon and Facebook.