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[Business , Investors Cut , Latin America ] Ecopetrol beats Petrobras market value Colombian oil company Ecopetrol has overcame Petrobras as the biggest business in Latin America in market value measures. According to Economática consultancy, Ecopetrol has a market value of over US$ … more

An unexpected 8.5 percent purchase of YPF by the world's richest man, Carlos Slim, has brought also optimism for the Buenos Aires stock exchange Merval. After weeks of losses due to the seizure of 51 percent of the company by the Argentinian government, YPF's stocks had a high of 9.08 percent last Friday. The stocks in New York also grew - by 6.89 percent and closing the trades at US$ 11.17. It also reflected on other oil companies traded at Merval such as Petrobras Energía, which had a 10.79 percent high. The Merval index had a 3.5 percent high, after some bad weeks.

Uruguay gets credit rating upgrade from Standard & Poor's Colombian bonuses to overcome US$ 3 billion Sugar cane becomes third most important commodity in Paraguay US decides to support Argentina in case of unpaid debt Brazil to reset rules for telecommunications Argentina chases Petrobras from Neuquén province

Latin America Investment and Market News Weekly 17/04/2012 by Leonardo Gottems

Argentina was not in the best time already for international investments when Cristina Kirchner had announced the nationalization of YPF last week. The announcement scared a lot of investors fearing that the trend could widespread throughout the region. The event, however, was predictable, as told to Timizzer Argentinian business journalist Hernan Dobry. The airline company Aerolíneas Argentinas, the enegy maker Enarsa, and water distributor Aysa were also previously nationalized by the Kirchner government...