Argentina's Chamber of Deputies approved two government-backed bills, one restricting how much farmland foreigners can buy and another increasing funding for disability programs. The land measure reinstates limits that had been eased in recent years. Both bills now move to the Senate for further debate.
Canadian miner First Quantum Minerals is preparing incentive proposals to advance its $5.3 billion Taca Taca copper project in northern Argentina. The plans would seek tax breaks under the country's framework for large-scale investment projects. Taca Taca is one of several major copper deposits international miners are racing to develop as global demand grows.
Canadian mining investors see growth potential in Argentina's mining sector, with a delegation set to visit Mendoza next week to explore possible projects.
Brazil's Federal Police carried out twelve search warrants on October 22 in an investigation into an alleged cryptocurrency pyramid scheme, while a federal court separately ordered up to $19.8 million in linked assets frozen.
Brazilian lender Bradesco posted a third-quarter net profit of 7.1 billion reais, about $1.4 billion, up 14.6% from a year earlier and roughly in line with analyst forecasts. Loans overdue more than 90 days climbed to 4.6% of the bank's portfolio.
An Argentine court has indicted José Luis Espert, a close ally of President Javier Milei, on money-laundering charges. Judges ordered an asset freeze and barred the former ruling-party lawmaker from leaving the country while the case proceeds.