Investments

• Wednesday, November 23rd 2016 - 15:56 UTC

  Anses sells off all its Petrobras Argentina shares worth US$ 156 million

  

  As a part of the Pampa Energía takeover bid strategy, the Pensions Bureau guarantee fund had to sell its 11.85 % stake. It also holds 18% of Pampa's shares and saw no point in increasing that to 23% when prospects of a merger are on the radar. “If we didn't sell, they would have merged us with Pampa anyway,” a top Anses official said.

• Wednesday, November 23rd 2016 - 15:35 UTC

  TPP without the US would be “meaningless” says Japanese PM Shinzo Abe

  

  The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.

• Wednesday, November 23rd 2016 - 15:16 UTC

  Argentina's tax amnesty program “rescues” US$ 21.9bn including US$ 7.2bn in cash

  

  Argentines have so far declared US$21.9 billion in previously hidden assets in the country's tax amnesty program meant to help jump-start the economy, Alberto Abad, director of the AFIP tax collection agency, said on Tuesday. That included US$7.2 billion in cash deposits, Abad said.

• Tuesday, November 22nd 2016 - 14:10 UTC

  Brazil admits Trump policies could cause a flow out of capital from emerging economies

  

  Brazil's Central Bank (BC) President Ilan Goldfajn said on Monday that the outcome of the US presidential election, won by magnate Donald Trump, brought an element of uncertainty to markets, but reiterated that the institution has kept a close watch on the development of international markets and worked to prevent the effects of “external shocks” from threatening macroeconomic stability.

• Tuesday, November 22nd 2016 - 11:11 UTC

  Argentina and Japan, strategic partners, agree on a investment accord to prop economic ties

  

  Argentina and Japan agreed on Monday to speed up negotiations for a bilateral investment accord as part of efforts to strengthen economic ties between “strategic partners”. Prime Minister Shinzo Abe and Argentina President Mauricio Macri also agreed to launch talks for a tax pact for increased economic exchanges between the two countries, according to a joint statement issued after their meeting in Buenos Aires.

• Monday, November 21st 2016 - 11:34 UTC

  Japanese PM arrives in Argentina with pledges to increase investments

  

  Japanese Prime Minister Shinzo Abe will make an official visit to Argentina this Monday hoping to boost investment in the Latin American nation, officials said. It is the first visit to Argentina by a Japanese prime minister in 57 years—the last was by Abe’s grandfather Nobusuke Kishi in 1959.

• Monday, November 21st 2016 - 11:22 UTC

  Nobody is going to invest in Argentina while fearing populism could be round the corner

  

  Even admitting that the Argentine economy will expand 3% next year, nobody wants to invest in the country because they are not sure that populism won't be back in a couple of years, according to economist and former central bank chair Javier Gonzalez Fraga.

• Saturday, November 19th 2016 - 20:27 UTC

  Robots and “reshoring” threaten millions of jobs in developing countries

  

  The increased use of robots threatens millions of jobs in developing countries, by undermining the advantage of low wages and facilitating the “reshoring” of industries back to industrialized countries, according to a new policy brief from UNCTAD.

• Friday, November 18th 2016 - 11:47 UTC

  Uruguay with IDB support plans to invest US$600 million in rural roads network

  

  Uruguay plans to improve the rural roads network of the 18 department governments with support from two credit lines for an investment project totalling US$600 million with two initial loans completing US$150 million from the Inter-American Development Bank (IDB). The funds will support the implementation of rural roads construction in agriculture production areas, and will also be geared to improve and strengthen fiscal management and services at the departmental government level.

• Friday, November 18th 2016 - 10:28 UTC

  Buenos Aires' to have its own Trump Tower luxurious offices by 2020

  

  With a budget of 100 million dollars, construction of the 35-story building may start in June next year and be finished by 2020, it was announced by the same developers in charge of the residential project in Punta del Este under the name of next President of the United States.