Is the International money transfer system about to change due to US Interference in the existing one ?
You probably know the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system as that little jumble of letters and numbers you need every time you send money to a foreign bank account. It’s the global banking system’s address book and postal system. SWIFT has more than 10,000 members in more than 200 countries, and handles more than 15 million messages daily. But even though SWIFT is based in Belgium, and subject to EU law, the U.S. government claims legal authority over all SWIFT transactions…
How to choose an effective selling broker in South America
South America’s real estate market can be characterised by two important facts. Properties take longer to sell and have higher transaction costs than in most Western countries Why? Although it is slowly changing there is considerable informal selling both by vendors directly and speculative pricing. The end result is a confused market with little price transparency and few skilled brokers available. (Selling skills can be obtained two ways; by experience through selling large numbers of properties or by specialised…
Argentina is the top tourist destination in South America
Argentina will welcome some nearly six million visitors in 2014. Unlike previous periods most of these tourists ( 75% ) are Latin American with Europeans and North Americans mostly staying away. Chile, Brazil, Uruguay and Paraguay being the top sources of visitors. In 2003, just as the country was crawling out of its last economic crisis, almost three million international travellers visited Argentina. Ten years later, the country is on track to welcome a record number of visitors, with the Tourism Ministry…
Argentine Constitutional Law Professor Daniel Sabsay strongly criticises the current government
Argentine Constitutional Law Professor Daniel Sabsay strongly criticizes the current government Cristina Fernandez challenged to show her law degree and Timerman described as a ‘traitor’ A colloquium sponsored by an Argentine business grouping, IDEA, that has been critical of the government of Cristina Fernandez, but in a framework of moderation and self containment, turned into a students’ open assembly when a constitutional law professor gave a speech on the rule of the law, called on President…
Andres Oppenheimer: Latin America maybe doing better than it seems
Andres Oppenheimer: As we anticipated in a recent column, the International Monetary Fund and the World Bank have just released pretty grim economic forecasts for Latin America in 2015. But the truth is, only three big countries will do badly — and the rest of the region will do pretty well. Both the IMF and the World Bank, which held their annual meetings in Washington, D.C., last week, estimated that Latin America and the Caribbean will grow by a meager 2.2 percent next year, one of the region’s worst…
Where are Chinese retail Investors putting their money ?
WHERE CHINESE ARE HEADING This year, South Korea, Thailand and Japan are the top 3 countries for China’s rising middle-class travelling overseas. South Korea received a boost from its popular soap operas – which China’s first lady, Peng Liyuan is even a fan of. Japan’s weakened yen makes for affordable travel, and Thailand became more attractive to Chinese travellers due to its loosened visa requirements. For China’s affluent, the US, Australia, New Zealand, Europe and Dubai are considered…
Startups businesses surge in South America
(This article was written by Mark Lennon and Christine Magee and was published on July 1, 2014 on CrunchBase, for which they work as analysts.) Winter is coming in South America, but for investors and entrepreneurs things are starting to heat up across the continent. New tech communities are sprouting up in South America to serve the 200M+ population that is increasingly reliant on internet and mobile technology. In June the accelerator program Start-Up Chile announced Generation Ten, its latest batch of…
Argentina’s debt fight with the Vulture Funds harboured in the US: What it is, why it matters to the world
Argentina’s 13-year debt fight with creditors erupted in U.S. courts last week, and the results were messy. Argentina had asked the U.S. Supreme Court to overturn a lower court’s ruling that it must pay $1.5 billion to hedge funds for bonds Argentina had defaulted on in 2001. The Supreme Court refused to hear its appeal a victory for the hedge fund investors whom Argentina’s president, Cristina Fernandez, had called “vultures.” Fernandez had said Argentina couldn’t afford…
Argentina’s richest 15 families worth is over 27 Billion US dollars
Argentina’s richest 15 families worth is over 27 Billion US dollars ( 2014 ) The total fortune of the 15 wealthiest Argentines has been estimated at 26.85 billion dollars, falling just shy of the 27.679 billion dollars currently in the Central Bank’s foreign reserve account, according to a list of the country’s richest people published recently by the local edition of Forbes magazine. The difference being this money is real whereas no one believes the Argentine Central Bank actually has 27 Billion…
