Brazil’s rigid banking system starts dallying with fintech startups
Brazil’s famously closed financial system is ready for change with an open attitude to innovation...
Tag : Latin America
Mexico promises immediate effect of stimulus on economy
The $25 bn stimulus include credits, accelerated spending on goods and services, and money from an infrastructure fund...
Startup Chile: Building Latin America’s startup hub
Startup Chile’s Executive Director Sebastián Díaz Mesa tells International Finance how Startup Chile is providing a fertile ground for fintechs despite regulatory hurdles...
New deals between Latin America and GCC can add $9.8 billion to trade flows
Trade between the two regions reached $16.3 billion in 2018 with Brazil and UAE leading trade exchanges...
Intersolar South America and ABSOLAR sign partnership on solar PV developments
The partnership with ABSOLAR has what it takes to sustainably advance the industry and is a cornerstone of our strategy in Brazil,” says Dr. Florian Wessendorf, managing director of Solar Promotion International GmbH...
Technology revolutionising tax collection in Europe
The furore over data protection has reached an all-time high. While the world chastises Silicon Valley for altering reality on the basis of social media behaviour, Europe is increasingly intrigued by the use of technology for tax collection. Nicholas Hallam, CEO of Accordance – a specialist firm in cross-border VAT, talks about how real-time VAT...
Freedium announces commodity-centric digital currency at Dubai Blockchain Forum
Freedium has partnered with Wanchain, VAPHR and Bitsapphire to support the establishment of its first digital currency...
S&P Global Ratings: Global credit conditions tempered by potential Sino-US trade war
The company recently published its quarterly updates on credit conditions in North America, Europe, the Asia-Pacific region, and Latin America on the evolution of macroeconomic conditions and broad financial trends...
Growth vs. Inflation – A difficult balance for Latin America and the Caribbean
Lowering interest rates to stimulate the economy is not an easy option in the region...
Brazilian central bank resorts to reserve requirement cuts
Measure suggests a compromise between hawks at the COPOM and the Rousseff administration July 28, 2014: Citing the slowdown in bank lending, the Brazilian central bank (BACEN) on July 25 announced a reduction in the amount of reserve requirements, totaling about BRL30bn (or 7.5% of the total outstanding amount). Reserve requirements have been utilized by...