Argentine bonds buoyed by political hopes of Change

Argentine bonds buoyed by political hopes of Change It is sometimes said that the world has four types of economy: developed, developing, Japan’s and Argentina’s — because of a seeming South American economic exceptionalism becoming apparent again. China’s economy is slowing. Investors have dumped emerging-market assets. In Latin America, presidential approval ratings have collapsed amid the downturn. Yet Argentine bonds have returned 6 per cent since the start of August, while approval ratings for…

Mendoza, Argentina – One of the most exciting wine regions in the Southern Hemisphere

On the eastern side of the Andes, in the region of stunning foothills and high plains, is Argentina’s ‘Napa Valley’. The Uco Valley, in Mendoza, Argentina has rapidly become one of the most talked about and exciting wine regions in the southern hemisphere. Originally created as a stopping point in the crossing of the Andes on the commercial route from Río de la Plata to Chile’s Santiago, Mendoza has become the largest wine producing area in Latin America, claiming 70% of Argentina’s wines. The Uco…

Buenos Aires once again voted the top South American city to study in.

Buenos Aires has come out on top for the best South American city to study in. For those who are students, it is now the most recommended city, for the second year running. Paris comes out in top being the best place and in third place is London in front of Singapore, Sydney, Melbourne and Zurich according to the annual ranking set out by QS (Quacquarelli Symonds Ltd). In the top ten include Hong Kong, Boston, Montreal and Munich. Other South American cities did appear on the list such as the City of Mexico…

Signs of positive change in Argentina

image of Arquitectura Francesa en Buenos Aires
Signs of positive change in Argentina Here in Argentina we are living in a pre-election situation with both of the two likely Presidential candidates promising a more business approach to running the country than we have had in the past lost decade. With commodity prices now well down, inflation high ( 25% or more ) and foreign exchange controls making business very difficult they will have their challenges. However, despite what the official numbers say about the economy, it is very noticeable here in Buenos…

Retail eCommerce sales near USD $ 50 Billion in Latin America

Retail eCommerce sales in Latin America are growing at a rapid pace, according to eMarketer estimates. Based on the latest figures for total and digital retail around the world, eCommerce sales in the region will reach nearly USD$50 billion this year, an increase of 23.9%. Nearly USD $20 billion in sales will come from Brazil alone, where eCommerce also makes up a greater share of the total retail market than elsewhere in the region (a still tiny 2.8%). Mexico is in a distant second, with USD $5.70 billion…

5 reasons why Latin America could be the next big thing in IT outsourcing

Fiscal policies and market barriers have long deterred outsourcing buyers and providers from investing in Latin America. But creative sourcing solutions and a shift in corporate culture are helping to change that. The economic opportunities in the region are on the rise. A friend recently told me an old joke about Latin America in the context of outsourcing: “Latin America is the next frontier in outsourcing and it always will be. I have long promoted Latin America as an immense outsourcing opportunity, on…

Argentina’s middle class has doubled in ten years

Argentina is the Latin American country where the Argentina’s middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States. The study shows progress in the region has slowed down since 2010 as a result of the fall in economic growth and export prices. Some countries, however, managed to sail with the tide with Argentina’s middle class going from 15 percent of the total population in 2001 to 32.5 percent in 2011, accounting…

A financial crisis in China is affecting Residential Real Estate elsewhere

This is what is happening in my home country New Zealand. Will this buying interest now come to South America now that many of these countries are also heavily indebted to China. New Zealand real estate market is currently under pressure from Chinese buyers desperate to get money out of China. South America is not receiving any of this money as it is mostly going into residential properties  in stable economies which means they are looking for in the most English Speaking Countries with high education levels. …

Investor Douglas Tompkins is Creating a Future Patagonian National Park

Douglas Tompkins—the founder of Esprit and The North Face—is using his fortune to build massive national parks in Chile and Argentina. But what he sees as philanthropy, local ranchers see as meddling. Everyone in Patagonia is talking about: Conservación Patagonica, the latest addition to the world’s largest private conservation project. Fifteen years ago, in the June 1999 issue of The Atlantic, William Langewiesche wrote about Tompkins’s first major venture into conservation in Chile, describing both…

Buenos Aires illegal markets boom as Argentina’s economy stagnates

While Buenos Aires sleeps, La Salada roars to life. By 3am, shoppers are chaotically barging their way through the narrow passageways of Latin America’s largest informal market, hauling sacks bulging with anything from fake branded clothing to pirate DVDs. “Look at this, just 135 pesos!” exclaims a satisfied Rodrigo Vega as he brandishes a pair of jeans, explaining that the price, about $15 at the overvalued official exchange rate, is at least a fifth of what they might cost in a more upmarket Argentine…

Is Argentina’s economy pulling a tango turnaround?

Its economy is projected to show little or negative growth this year. Argentina is still indebted to American hedge funds, affectionately known as “vultures” in the country. And it remains the poster child of nations that default on their loans. But there’s new optimism in Argentina, mainly driven by presidential elections coming later this year. Its stock market is rallying and investors are buying the countries’ debt (amazing news, considering the country is mired in recession and…

The Born kidnapping in Argentina

History of the seventies still has to be written but Maria O’Donnell takes first steps with Born Some books have a way of marking a time, a moment in the history of a society. They might be novels or essays or reports on just about anything that concerns us. The impact is acknowledged as the pages are turned. One of these books could be the one that launched on May 10 in the closing stages of the Buenos Aires Book Fair. I confess an interest, I was one of the two speakers — the other was Magdalena Ruiz…

Rules for setting up a new Business in Argentina

The Business Associations Law (No. 19550) establishes a wide range of business association forms. The forms most widely used by foreign investors are corporations (sociedades anónimas or SAs as regulated under Argentine law) and limited liability companies (sociedades de responsabilidad limitada or SRLs as regulated under Argentine law). In these cases, unlike branch offices, liability is limited to the amount invested in the business. Unlike local companies, before foreign companies can set up a company or…

GTSA – Activity Update for April 2015

GTSA UPDATE Here is a short update on what is happening in GTSA in the past month. Argentina: Residential – Buenos Aires The Buenos Aires residential market is starting to move again with sales up 23.6% in March. Prices are down on past years. Farm Market: The farm market is showing a little more optimism with the belief that with the current administration gone in the upcoming elections reason might prevail and with that profits will return. Despite the obstacles in front of investors to buy they are…

Best Kept Secrets of Buenos Aires

Right now in the city of Buenos Aires, the hottest thing going are the many “secret” bars and restaurants otherwise known as speakeasies or closed door restaurants. The enchantment and intrigue has everyone whispering the names of bars like Frank’s or The Clubhouse,  as well as restaurants like Casa Coupage, Ocho Once or El Tejano. All are located in Palermo, one of the hottest neighborhoods for great gastronomical experiences and a raging night life. Frank’s Bar should be on everyone’s bucket list.…
Real Estate and Investment News from South America
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