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.
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.
Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday.
Latin American independent oil and gas explorer GeoPark Holdings Ltd is planning a major expansion of its activities in 19 licensed blocks in three countries with the purpose of significantly increasing oil and gas production in the next 18 months, according to a report released by the company.
Argentine Foreign Minister Héctor Timerman is in the middle of a major diplomatic blunder through a baffling series of statements regarding a letter sent by the EU to his office last week, according to a report published in the Buenos Aires Herald.
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.
Argentina made a formal proposal to the UK for the establishment of direct flights from Argentina to the Falklands and to resume cooperation in the conservation of fishery resources in the South Atlantic, indicates a release posted on Tuesday in the Argentine Foreign Ministry site.
Rating Agency Standard and Poor’s (S&P) downgraded Argentina’s economic and financial outlook to “negative,” after the expropriation of YPF, which endangers the “B” rating the country has for its sovereign debt.
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.