Earlier this week, Argentina raised the export tax on biodiesel to 8%, from the current zero rate, in what is believed to be a signal to the United States, which recently sanctioned the import of biodiesel from the South American country.
On Tuesday, a Brazilian appeals court said it would decide on January 24th on former President Luiz Inacio Lula da Silva appeal against a corruption conviction that could bar him from running in the 2018 presidential race.
Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending market by providing collateralized loans with charges between 17%-50%. Creditas makes money via loan origination fees, servicing fees; and return on investment for the junior tranches in the funds that supply the loans.
According to JP Morgan, the economic growth of Mexico in 2018 will be similar to that of 2017, with a lower domestic consumption, due to the loss of purchasing power, but offset by strong external demand, which will be driven by a competitive exchange rate. The bank estimates that the Mexican economy will grow 2.1 and 2.2% in 2017 and 2018, respectively.
On Wednesday, the president of the Central Bank of Peru, Julio Velarde, said that the country’s inflation will be 1.4% by the end of the year, lower than the projected 1.8% rate. Peru has one of the most moderate inflation rates in Latin America, with this year’s inflation way below the 3.2% registered last year for the country.