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Brazil Raises Taxes on Imports, Fuel and Credit

Brazil Raises Taxes on Imports, Fuel and Credit

By Narayan Ammachchi Brazil has raised taxes on fuel, imports and consumer loans as Latin America’s biggest economy battles to narrow budget deficits. According to new Finance Minister Joaquim Levy, the tax rise will raise government revenue by US$7.8 billion ...

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Nintendo Leaves Brazilian Market Over High Import Tariffs

Nintendo Leaves Brazilian Market Over High Import Tariffs

By Narayan Ammachchi Japanese gaming firm Nintendo has exited the Brazilian market, stating that high tariffs on technology imports had made its business unsustainable. It is not clear how many Brazilians played games on Nintendo, which made a foray into that market ...

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Atento Exits Czech Republic to Focus on Latin America

Atento Exits Czech Republic to Focus on Latin America

By Narayan Ammachchi Spanish outsourcing giant Atento has agreed to sell off its Czech Republic operations to Italian call center firm Comdata SPA, saying it wants to focus on expanding its operations in Latin America. Neither firm has disclosed the ...

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Employers in Latin America Remain Optimistic Over Hiring Plans

Employers in Latin America Remain Optimistic Over Hiring Plans

By Narayan Ammachchi Employers across Latin America are optimistic about their business prospects despite the fact that economies in the region are struggling with rising inflation and slowing growth. According to a study by ManpowerGroup, employers in all eight countries surveyed are ...

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