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.
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.
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 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.
Brazil’s industrial output unexpectedly contracted for a second straight month in April even as the government steps up measures to boost economic growth.
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.
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, 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 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.
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.