SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday he expects the Senate to pass by the end of the year a proposed tax reform restructuring the country’s complex consumption taxes, which gained approved from the lower house last week. “I hope the Senate will repeat what the lower house did…
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian financial technology company Ebanx said on Tuesday it has signed a deal to partner with digital bank Nubank to offer more payment services for customers as it tries to consolidate and expand operations in Latin America. Ebanx will now offer corporate customers the option of paying via…
HAVANA (Reuters) – Cuba will look to expand cooperation at an upcoming summit of European Union, Latin American and Caribbean leaders next week, its foreign minister said, but accused the EU of “manipulative behavior” that could hamper leaders’ ambitions. Heads of state from the EU and the Community of Latin American and Caribbean States (CELAC)…
QUITO (Reuters) – Nearly a sixth of the inmates in Ecuador’s prisons have not been sentenced, a national census showed on Monday, as President Guillermo Lasso urged the judicial system to be speedier to help ease the burden on overcrowded jails. Lasso, who will leave office later this year after bringing forward elections, told journalists…
By Nelson Acosta HAVANA (Reuters) -Cuba on Monday accused the U.S. government of bearing “direct responsibility” for the protests that rocked the Caribbean island two years ago, marking the largest demonstrations since Fidel Castro’s 1959 revolution. “The United States has a direct responsibility for the disturbances of July 11 and 12, 2021,” the Communist Party-run…
SANTIAGO (Reuters) -Latin America and the Caribbean received record flows of foreign direct investment (FDI) last year, a United Nations report showed on Monday, mostly into services, manufacturing and energy as spending recovered after the pandemic. The report by the U.N. Economic Commission for Latin America and the Caribbean (ECLAC) found that FDI, or income…
BOGOTA (Reuters) – Colombia risks falling out of compliance with its fiscal rule through greater spending proposed for 2024 and the financial impact of reforms being debated in Congress, an independent committee warned on Monday. Finance Minister Ricardo Bonilla has said the government would respect the 2011 rule which imposes constraints on fiscal policy to…
BRASILIA (Reuters) – President Luiz Inacio Lula da Silva’s government will not wait for Brazil’s Congress to finish voting on a tax reform related to consumption before submitting its proposal for an income tax reform, Finance Minister Fernando Haddad said on Monday. Haddad said in an interview with podcast “O Assunto” that the planned change…
By Gabriel Burin (Reuters) – Brazil likely registered mild deflation in June in monthly terms from lower fuel costs and cheaper foodstuffs, adding to the case for a potential start of a monetary easing cycle awaited by global investors as soon as next month, a Reuters poll showed. The probable drop, to be confirmed in…
DUBAI (Reuters) – An Iranian Revolutionary Guards Commander accused the U.S. Navy on Monday of defending fuel smuggling in the Gulf by trying to interfere when Iran intercepted a ship last week. “On July 6th, Revolutionary Guards’ Navy personnel were inspecting a ship with the name NADA 2 that was involved in smuggling Iranian oil…
