The economic crisis in Argentina is affecting the country's pension system. The International Monetary Fund IMF withheld a US$1.3 billion loan in December 2001 because it was dissatisfied with the government's progress toward fiscal reform. As the Argentine government struggled to avert default on its foreign debt, it undertook a...
This paper presents a simple model showing how easily an emerging market borrower can be shut out of international capital markets. The shut out can occur without markets first signaling problems through exorbitant lending rates. It also appears that even a modest haircut can shut down lending. This outcome is...
Many Latin American countries?including those that are the subject of this paper?have experienced economic problems in recent years that have adversely affected their dairy industries. Adjustments made by the dairy industries of these countries in response to the problems have effects that extend beyond their borders. The main purpose of...
During the 1990s, Argentina did considerable progress in implementing market-oriented structural reforms. The reform package was based on three pillars: a wide opening of the economy; an ambitious privatization and deregulation program; and the stabilization of prices based on a predetermined nominal exchange rate anchor, instrumented by implementing monetary currency...
The economic crisis in Argentina has steadily escalated since July 2001, resulting in the fall of the elected de la Rúa government as well as several interim presidents and a shift away from a decade-old policy linking the peso to the U.S. dollar. While all of the ramifications of the...
It was Sir Walter Raleigh who said that those who follow too close on the heels of history risk getting kicked in the teeth. No doubt he would have warned that it is still too early to draw definitive lessons from the most recent round of crises in Turkey and...
Researched by Industrial Info Resources(Sugar Land, Texas) -- After a series of unplanned maintenance shutdowns,especially after a strike staged by truck drivers in mid-June, PetrobrasEnergia's (NYSE:PZE) San Lorenzo refinery in Argentina is back online andproducing at normal rates. For details, view the entire article by subscribing to Industrial Info'sPremium Industry...
YAMANA GOLD INC. (TSX: YRI)(NYSE: AUY)(LSE: YAU) today announced its July 2008 monthly dividend of US$0.01 per share. Shareholders of record at the close of business on Thursday, July 31, 2008 will be entitled to receive payment of this dividend on Thursday, August 14, 2008. The dividend is an "eligible...
FORT LAUDERDALE, Fla. -- MAPEI Americas (www.mapei.us), a leading manufacturer of tile and stone installation systems, floor covering installation systems and concrete restoration products, has signed a multi-year agreement with 1Vault Networks (www.1vault.net), a South Florida provider for hosted IT services, colocation and disaster recovery services. MAPEI Americas,...
BUENOS AIRES, Argentina -- Unlike many nations, Latin America's abundant natural gas and coal reserves offer the region options to satisfy the increasing energy demands. In recent years, the benefits of this fuel availability have percolated to the steam and gas turbine services market as countries diversify their energy matrixes...
Constitution Mining Corp. (OTCBB: CMIN) announces that ongoing exploration at its Atena Gold Project hasrevealed additional encouraging results, further stimulating expectationsthat a significant ore body may be present. Dr. Willem Fuchter, Constitution Mining's CEO, commented, "Although it isstill too early to tell what the full potential for the Atena Gold...
Public Shareholders to Receive $13.75 Per Share in Cash MIAMI & BUENOS AIRES, Argentina -- Claxson Interactive Group Inc. (Pink Sheets:XSONF) announced today that its merger with Remainco Inc., a wholly owned subsidiary of Claxson, was approved on July 14, 2008, by Claxson's shareholders holding a majority of...
South America's Leading Airline to Offer Service between Toronto and Santiago, Chile, starting in September MIAMI, July 15 /PRNewswire-FirstCall/ -- LAN Airlines expands the reach of its international network today by announcing new service to Santiago, Chile, from Toronto, Canada starting September 3rd, 2008. Once in Santiago,...
PARIS and NEW YORK, July 15 /PRNewswire/ -- Hi-Media Group announced today that Fotolog, one of the world's most-trafficked websites, ranks as the number one social network in Chile with over 2.8 million monthly unique visitors and the number two social network in Argentina with over 3.6 million unique...
JOHANNESBURG, South Africa -- Describing a systematic government campaign to decimate the people of Darfur, the International Criminal Court's chief prosecutor on Monday charged the president of Sudan, Omar al-Bashir, with genocide and war crimes and called for his arrest. The charges are the first to be...
IN THE FACE OF TERRORIST attacks by Basque separatists last year, Spain's Pedro Zerolo spoke about serenity of the soul and spirit. When he was called a faggot by supporters of the conservative People's Party, Zerolo, the openly gay executive secretary of the Spanish Socialist Party, spoke of pride and...
WELLINGTON AFP — New Zealand's fair trade watchdog said Wednesday it had charged three carriers, including Cathay Pacific and Singapore Airlines, with failing to provide information to a cargo price-fixing probe. The Commerce Commission said it had filed criminal charges against the two firms and Aerolineas Argentinas over...
Pluris Energy Group Inc. (OTCBB: PEYG)("Pluris Energy" or the "Company") is pleased to provide its shareholderswith a detailed overview of the Cerro Negro concession following theCompany's announcement on July 9, 2008 regarding its wholly ownedsubsidiary, Pluris Sarmiento Petroleo SA executing the definitive purchaseand sale agreement with Clear SRL of Comodoro,...
TULSA, Okla., July 15 /PRNewswire-FirstCall/ -- The board of directors of Apco Argentina Inc. has approved a regular quarterly dividend of 8.75 cents per share on the company's ordinary shares. The second-quarter dividend is payable on Aug. 4, 2008, to shareholders of record at the close of...
NEW YORK, July 15 /PRNewswire-FirstCall/ -- ACM Managed Dollar Income Fund, Inc. (the "Fund") today released its monthly portfolio update as of June 30, 2008. ACM Managed Dollar Income...
Articles 2008-07-15
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