Investments
InvestmentsBuenos Aires City property sales plummet 27% in 2012 because of the dollar clamp
Property sales in the City of Buenos Aires plummeted 27% during 2012 according to a release from the Notaries College of the Argentine capital. The release shows 46.627 deeds were signed in 2012, which represents a significant 27% shrinkage in comparison to 2011 while the figure in Pesos dropped 21.2%.
Floater options under consideration for Darwin offshore Falklands development
Oil and gas exploration company Borders & Southern, B&S, expects to start work this month on two projects concerning its licenses in the offshore South Falkland basin, reports from London ‘Offshore’.
Morales nationalizes control of Bolivia three main airports
Populist Bolivian President Evo Morales on Monday nationalized control of the country’s three main airports from Spain’s operator Abertis-Aena, arguing that the company had not fulfilled investments commitments promised for years.
Cruise industry warns South America: itinerary costs are three times higher than in the Mediterranean
Representatives from the cruise industry have cautioned Uruguay that port operational costs in South America could have a negative impact on what has been a steady increase of business in the last few seasons and this impact could be felt as soon as next year despite the fact that the 2012/2013 season on the Atlantic is proving to be quite successful despite an uncertain start. “Itineraries’ costs in South America are three times those of the Mediterranean”.
Financial Times: Argentina-Uruguay: too close for comfort?
By Jude Webber - On Thursday 14 February the prestigious Financial Times published a piece pointing out the influence of Argentina on Uruguay and its economy. The article is simple and straight and is valid because of the Financial Times unquestionable opinion building capacity, and thus merits reproduction.
Apple fighting to recover “iPhone” trademark registered in Brazil by local company
Apple Inc, which lost the rights to its iPhone trademark in Brazil this week, is challenging the ruling by Brazil's copyright regulator to prevent local firm Gradiente Eletronica SA from using the “iphone” brand name.
Argentina’s January inflation, 2.58%, highest in 22 months according to private estimates
Argentina’s inflation last January was the highest in twenty two months, 2.58%, according to the average of private estimates which are banned from making public their findings, but which are released by the Congressional Freedom of Expression Committee.
USA and EU make official talks to begin Atlantic free trade alliance
The United States and the European Union agreed on Wednesday to push for the launch by the end of June of talks to create an Atlantic free trade alliance that could be a benchmark for global partners to follow. A free trade deal would be the most ambitious ever attempted, encompassing half the world's economic output and a third of global trade flows.
Obama challenges Congress to ‘take a vote’ on a package of progressive reforms
President Barack Obama pledged in his annual State of the Union speech to revive the sluggish US economy by creating “good, middle-class jobs”. The Democratic president promised “smarter” rather than bigger government for “the many, and not just the few” and called on Congress 'to take a vote' on a package of progressive reforms..
Brazil January inflation spike triggers concern for the government and investors
Brazilian inflation in January climbed to 0.86%, the highest for the month in the last ten years, according to the country’s stats office, IBGE. Inflation in December was 0.79%, ending the twelve months of last year at 5.82% which was in the target range with a ceiling of 6.5%.
