Stories for June 2012
Argentine experts on alert in Athens to help with bail-out if Greece exits the Euro
American International Group Inc (AIG) has assigned staff from Argentina to advise their counterparts in Athens as the bailed-out insurer prepares for a possible Greek exit from the Euro.
Repsol’s only purpose was “to milk dry” YPF of resources and reserves
Argentine President Cristina Fernandez made the historic decision to nationalize oil and gas company YPF at “the right moment” because Repsol was “milking dry” YPF resources and reserves, said Planning Minister Julio De Vido and Deputy Economy minister Axel Kicillof at a press conference at the Economy ministry in Buenos Aires.
Black Friday for markets; US dismal jobs report and European crisis
US stocks fell more than 2% on Friday, dragging the Dow Jones into negative territory for the year after a dismal US jobs report added to fears that Europe's spiralling debt crisis was dragging down the world economy.
Euro zone unemployment hits a new record low: 17.4 million out of work
Euro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating debt crisis eats away at businesses' ability to hire workers while indebted governments continue to cut staff.
Brazilian industrial output contracted for a second straight month in April
Brazil’s industrial output unexpectedly contracted for a second straight month in April even as the government steps up measures to boost economic growth.
US delegation at OAS assembly will reiterate Falklands/Malvinas a bilateral issue
United States will reiterate at the coming OAS General Assembly that the Falklands/Malvinas Islands difference is a bilateral issue to be resolved between Argentina and the UK, which means the US delegation, will not take position in a possible declaration in support of Argentina.
Brazil’s former Central bank president named head of Lazard Americas
Lazard Ltd. announced this week the appointment of Henrique Meirelles as Chairman, Lazard Americas, effective immediately. Meirelles was former President of the Central Bank of Brazil.
Jaguar-Land Rover follows BMW puts plans to build a plant in Brazil on hold
Jaguar Land Rover, the luxury car unit of India's Tata Motors has followed Germany's BMW AG in suspending plans to build a new plant in Brazil as tax changes and slowing growth have given premium auto makers cold feet about investing in a potentially lucrative market.
Paraguayan president returns after a two-week controversial tour of Asia
Paraguayan President Fernando Lugo returns home this week after a two-week” tour of Asia where he went in search of new markets for Paraguay’s two largest exports, beef and soy.
Lack of political support freezes Chile’s biggest multi-dam project
Chile’s biggest dam project involving 7 billion dollars and already delayed by protests over plans to flood 14,000 acres of Patagonia wilderness, suffered a fresh setback after one of its investors said the venture lacks political support to proceed.
