Investments

• Saturday, August 16th 2014 - 11:49 UTC

  Plenty of generic Viagra in Brazilian pharmacies as patent expires

  

  The day after Pfizer Inc’s patent for Viagra expired in Brazil, Carlos Sanchez flooded pharmacies with his generic erectile dysfunction pills. It was a day his army of lawyers, researchers and marketers had been preparing for more than three years, even winning a bid to move up the patent’s expiration date.

• Saturday, August 16th 2014 - 11:32 UTC

  Trust in Argentine reliability has vanished, as a result of the bonds' litigation

  

  Debt talks on Argentina’s defaulted bonds in the hands of holdout hedge funds ultimately collapsed this week due to disagreements over prices and the absence of a government guarantee to honor payments on the paper, sources close to the discussions said.

• Saturday, August 16th 2014 - 11:15 UTC

  Billionaire Soros becomes the fourth largest holder of YPF shares

  

  George Soros’s 28 billion family office boosted its stake in YPF SA, making Argentina’s largest oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing Thursday, bringing its total position to 3.5% of the company’s American depositary receipts.

• Friday, August 15th 2014 - 07:13 UTC

  Cristina Fernandez will use anti-terrorism law against US company that closed its Argentine plant

  

  Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, president Cristina Fernández said on Thursday. She linked the company to some of the hedge funds in litigation with Argentina over defaulted bonds.

• Friday, August 15th 2014 - 06:51 UTC

  Auction 21 August to settle (and possible payout) of Argentina's defaulted swaps

  

  The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina’s default swaps. The auction, run by Creditex and Markit, will determine the payout that holders of protection on Argentine debt (CDS) will receive as a result of the default on July 30.

• Friday, August 15th 2014 - 06:47 UTC

  New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

  

  The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.

• Friday, August 15th 2014 - 06:44 UTC

  Argentine July inflation 2.47% and 39.71% in twelve months, according to Congress index

  

  July consumer prices index in Argentina according to the so called Congressional index, climbed 2,47% and 39.71% in the last twelve months. The same index marked 2.2% in June indicating a growing tendency.

• Friday, August 15th 2014 - 02:26 UTC

  All phone calls inside Chile become local; Punta Arenas code area is 61

  

  Chile has become a single territory for telecommunications and long distance calls with different rates for fixed lines will no longer exist beginning Saturday. This in practical terms will also means a 50% reduction on normal phone calls.

• Friday, August 15th 2014 - 02:21 UTC

  Last minute decision saved Marina Silva from travelling with Campos

  

  Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.

• Thursday, August 7th 2014 - 07:54 UTC

  Egypt plans to build a new parallel Suez Canal to be completed in five years

  

  Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.