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...
[ ] After Slim, Itaú gets stake of YPF Latin America's largest bank by market value, Itaú Unibanco Holding SA, has acquired a 3.6 percent of YPF shareholding last week. The purchase was part of a syndicated … 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.
Vale announced that will suspend the potash project called Rio Colorado in Argentina. The mining giant already had invested US$ 1.1 billion and was expected to put at least US$ 5 billion more. The Brazilian company did not blame specifically the YPF nationalization for the decision, but cited "political uncertainty" as one of the factors. According to Vale, the decision was made before the nationalization.
Timizzer.com
Televisa and Alsea beat estimates in the Mexican Stock Exchange
Brazilian exports to Argentina fall 27% in April
Car sales has best four months in history of Argentina
YPF has new chief
President of TIM in Brazil resigns after allegations
JBS joins chicken market
Timizzer.com
Stocks to watch: Rosetta Genomics MarketWatch - Facebook Inc., Rosetta Genomics Ltd. and Sanderson Farms Inc. could be among the stocks that will see active trading on Tuesday. U.S. markets are closed Monday for the Memorial … more
Timizzer.com
BTG Pactual buys Cruzeiro do Sul bank
JBS holding gives end to contract to buy Delta
Colombian multinationals increase profits abroad
Telefónica, KPN to unite against Slim's America Movil
Oil provinces of Argentina to have seats in YPF board
Continue: Timizzer.com
[ ] UK fights euro zone threat with $155 billion credit boost Reuters - The government and central bank will flood Britain's banking system with more than 100 billion pounds ($155.43 billion), seeking to pump credit through … more
here has been three decades that Argentina and Britain joined a war at the Falklands. The war has a bunch of issues to be explored. Author of the book Rabinos de Malvinas (Rabbis from the Falklands), Hernan Dobry is an Argentinian journalist who has been a Bloomberg TV editor, a correspondent for Brazilian and Spanish channels in Buenos Aires, managing editor of Inversor Global, among other major publications. Dobry decided to write the book about the Falklands conflict to describe the unhumane struggles of the Argentine fighters at the time. Also, Dobry wanted to explore the relantionship between rabbis and the Armed Forces of his country.
In an interview to Timizzer, the journalist explains more on the book and talks about the economic issues of Argentina...
Author of the books Guide to the Perfect Latin American Idiot and The Return of The Idiot, Álvaro Vargas Llosa is a well-know figure in Latin American economics and politics. An individual investor and member of The Washington Post Writers Group, Vargas Llosa is recognized by his critical view of statism and political dirigisme.
At the Liberty Summit (Fórum da Liberdade), which was held in Porto Alegre, in a panel about the future of Brazil and lessons from other countries, Vargas Llosa remarked that the South American country has very good advantages compared to others...