One of Argentina’s main textile and shoe wear companies, Alpargatas belonging to the powerful Brazilian Camargo Correa group has begun the process to abandon the Buenos Aires stock exchange.
Holland one of the few show cases of Europe with all economic indicators the envy of its fellow EU members has stalled in a political controversy while at the other end Greece sees no end to suffering in its fifth year of recession.
Fitch Ratings revised Uruguay's rating outlook to positive from stable on Tuesday, citing the country's ability to cut external and budget vulnerabilities. However Fitch warns about the deteriorating situation in neighbouring Argentina and inflation.
Chilean diplomacy has been active preparing for the next G-20 meeting in Mexico which it plans to attend as a “special guest”, but also because the future could hold an even greater prize if Argentina’s erratic behaviour finally is no longer acceptable for the rest of the group’s members.
Wood chip trade flows in the Pacific Rim have changed substantially the past five years. Vietnam, Chile, Thailand and Uruguay have all been increasing their shipments of chips, while Australia and South Africa have been losing their market share as fibre suppliers to the pulp mills in Japan, China, Taiwan and South Korea.
The first US case of mad cow disease in six years has been found in a dairy cow in central California, before it entered the human food chain and posed any threat to consumers, officials said.
Soaring sterling rates are giving Britons and Gibraltarians as much as 14% more cash for their summer 2012 trips to Euro Europe compared with last year, reports the Gibraltar Chronicle.
The European Union is planning to lodge a complaint at the World Trade Organization over Argentina's import restrictions and is seeking other trading partners to back its presentation, a source familiar with the situation said on Tuesday according to news agencies.
Cuba will move nearly 50% of the state's economic activity to the non-state sector a senior Communist party official said, the latest signal the island is headed toward a mixed economy.
Rating Agency S&P announced on Thursday it was downgrading Spain-based energy company Repsol-YPF after Argentina’s government announced the expropriation of 51% of its shares. The rating was lowered from BBB to BBB (minus), the agency said in a statement.