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LatinNews Daily - 01 July 2025
Main Briefing
On 30 June Ecuador’s former vice president Jorge Glas (2013-2017), who served under Rafael Correa (2007-2017), was sentenced to 13 years in prison for corruption.... Read More
Andean
*Ecuador’s presidential spokesperson, Carolina Jaramillo, has announced that Ecuador will receive US$1bn in foreign direct investment (FDI) in the energy sector from Chinese and Spanish firms, which she said was as a result of President Daniel Noboa’s ongoing tour of China, Spain, and Italy which began on 23 June.... Read More
Brazil
On 30 June Brazil’s supreme court (STF) appointed Alexandre de Moraes to preside over a petition by the left-wing Partido Socialismo e Liberdade (PSOL) to overturn a bill passed by congress last week which suspended the government’s recent tax increases.... Read More
*Brazil’s central bank (BCB) has released its latest fiscal statistics for the public sector, which showed a primary deficit of R$33.7bn (US$6.2bn) in May, down from a deficit of R$63.9bn in May 2024.... Read More
Central America & Caribbean
On 30 June US President Donald Trump signed a memorandum strengthening US policy towards Cuba.... Read More
*The Latin American development bank (CAF) has approved its first “green liquidity line” for Costa Rica worth up to US$500m.... Read More
Mexico
On 30 June Mexico’s federal senate approved a new bill regulating the national guard (GN) and reforms to other security-related laws.... Read More
*Mexico’s President Claudia Sheinbaum has celebrated the reduction of a proposed US tax on remittances in the latest draft of President Donald Trump’s One Big Beautiful Bill Act as “very important”.... Read More
Southern Cone
On 30 June a US court ordered the Argentine state to hand over the 51% of the shares of the state-controlled energy company YPF, which was partially nationalised in 2012 under the government of Cristina Fernández (2007-2015), to a global custody account at the Bank of New York Mellon within 14 days.... Read More
*Argentina’s national statistics institute (Indec) has released its latest monthly estimate of economic activity (Emae) for April, showing a 1.9% increase on March when it had posted a 1.9% monthly decline.... Read More
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- ECUADOR: Correa’s former VP sentenced for corruption
- In brief: Ecuador lands Chinese and Spanish energy investments
- BRAZIL: High-profile judge oversees appeal to restore tax hikes
- In brief: Brazil’s primary deficit shrinks year-on-year
- CUBA: US toughens stance on Cuba
- In brief: CAF approves first green liquidity line for Costa Rica
- MEXICO: Senate passes national guard bill
- In brief: Mexico hails reduction in US remittance tax proposal
- ARGENTINA: Milei suffers big YPF setback
- In brief: Argentina’s economic activity picks up