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LatinNews Daily - 29 November 2024
Main Briefing
On 28 November Mexico’s senate approved a constitutional reform to abolish seven autonomous bodies and regulatory agencies.... Read More
Andean
On 28 November Venezuela’s national assembly approved a law authorising prison sentences of up to 30 years for people who support international sanctions on Venezuela.... Read More
*Peru’s central bank (BCRP) has announced that the country registered a trade surplus of US$2.34bn in September, up from US$2.00bn in August and US$1.46bn in September 2023.... Read More
Brazil
On 28 November the value of the Brazilian real closed the day at a record low for the second consecutive day, after the government unveiled more details of its spending cuts earlier that day, which markets and investors consider insufficient.... Read More
*The Companhia Nacional de Abastecimento (Conab), the logistics arm of Brazil’s agrarian development ministry, has released its latest forecast for the 2024/25 sugar cane harvest, projecting a harvest of 678.7m tonnes (t), down from its previous forecast in August of 689.8m t.... Read More
Central America & Caribbean
On 28 November prosecutors entered the Honduran congress and seized documents linked to longstanding corruption investigations which are said to implicate current and former deputies.... Read More
*Costa Rica has been invited to begin the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade bloc comprising Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.... Read More
Mexico
*Mexico’s central bank (Banxico) has indicated that it anticipates making more cuts to the country’s benchmark interest rate.... Read More
Southern Cone
On 28 November Uruguay’s president-elect, Yamandú Orsi, met China’s ambassador to the country, Huang Yazhong, who presented him with a letter of congratulations on his recent electoral victory from President Xi Jinping.... Read More
*Chile’s President Gabriel Boric has celebrated the approval of the 2025 budget proposal by congress, stating that the budget “prioritises a responsible and efficient management of state resources”.... Read More
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- MEXICO: Senate votes to abolish autonomous agencies
- VENEZUELA: Harsh new law aims to end opposition’s support for sanctions
- In brief: Peru’s trade surplus up in September
- BRAZIL: Currency sinks again amid fiscal concerns
- In brief: Brazil lowers forecast for sugar cane harvest
- HONDURAS: Prosecutors raid congress
- In brief: Costa Rica moves closer to joining Trans-Pacific trade bloc
- In brief: Mexico’s Banxico foresees further rate cuts
- URUGUAY: Orsi seeks to deepen ties with China
- In brief: Chile’s congress approves 2025 budget