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What Latin America’s Latest Defaults Mean for Investors

Argentina and Ecuador successfully renegotiated their bonded external debt close to the expiration deadline of their respective offers. In many senses, these stories are very much intertwined. In both cases, a parallel can be drawn between the causes and consequences of this serial defaulter pattern, and now also with the proposed remedies. Fiscal dominance Haunted by chronic high inflation, Ecuador sought inspiration in the successful Argentine convertibility regime at the turn of the 1990s. However, Ecuador…

G20 carbon ‘food-print’ highest in meat-loving nations, says report

Argentina tops the list of G20 nations with a diet exceeding climate thresholds nearly five-fold, followed by Canada, Brazil, the United States, Russia and Australia, says new report comparing carbon emissions from food consumption. If everyone alive ate steaks and dairy the way Brazilians and Americans do, we would need an extra five planets to feed the world, according to the first report to compare the carbon emissions from food consumption in G20 nations, released Thursday. Among the world’s top economies,…

A young foreign womans story of finding a new home in Argentina

Over the past few decades, more and more people have been travelling the world finding a new home in far-flung corners of the planet. Personally, I never imagined 20 years ago, that Argentina would one day be my home. Living in Australia at the time, I thought maybe I would make my permanent home there, or perhaps return someday to my birthplace, New Zealand, or maybe even try my luck somewhere in Europe. South America, and Argentina, were not on the list. A trip to Peru in early 2000 set off a chain of events…

One mans experience of doing 40 yrs trading with Latin America from New Zealand

One mans experience of doing 40 yrs trading with Latin America from New Zealand One of LANZBC’s longest-standing members and Chilean honorary consul in Auckland, Gerry Williams, managing director of Pacific Basin Exports Limited, writes below about his experiences doing business in Latin America and provides some sage advice. Gerry founded the PBE in 1978 after an extensive trip visiting many farming locations throughout Latin America. Gerry had completed an Export Marketing course and had won the annual…

Why working from home is Bad for Business

I don’t know about you but I can barely wait for this working-from-home period to end. The compulsive walking to and from the fridge, the procrastination as I stare out my window, the commandeering of my dining room table, the lack of a colleague nearby to chat with and laugh. The sooner I’m back in the office the better. Of course, most people would disagree and for good reason. Unlike a single guy living alone without dependants, they’re relishing the avoidance of traffic, the time with family, the…

Argentine Wines – Key Growing Regions Updated

Argentine Wines – Key Growing Regions Updated Argentina’s grape growing areas are divided into three main regions that mostly follow the country’s long western border along the Andes Mountains. Northwest/Norte — High altitude Salta Meaning “very beautiful”, Salta’s vineyards are located in the desert-like Calchaquí Valley and have the Andes’ highest peaks in the background. * Vineyard altitude is 4,200 – 9,842’ * Highest vineyard in the world at 9,842’ in Colomé * Average annual…

How to Future-Proof Your Business in Uncertain Times

You can’t predict the future, but you can prepare for it. It’s called future-proofing, and in uncertain times it is a smart strategy for organizations. Future-proofing can give you an edge in a competitive market, keep you viable and set you up for success down the road. So what exactly does future-proofing mean? And more importantly, how do you do it? Here are some first steps you might want to consider when future-proofing your workplace. Identify and prioritize the most likely drivers for workplace change…

The argentine firm behind AstraZeneca COVID vaccine Latam production sees April/May launch

The Argentine biotech firm working on the production of 400 million doses of an AstraZeneca COVID-19 vaccine for Latin America said on Friday it could begin shipping the active substance of the product to Mexico for completion.  Esteban Corley, director of mAbxience, the biotech firm, said he foresaw the finished product could be distributed in Latin America between April and May.  “Sometime in late February these materials will be exported to Mexico and in Mexico they will be formulated, filled…

Parallels between New Zealands Turbulent Past and Argentina’s Recent History

Parallels between New Zealand’s Turbulent Past and Argentina’s more recent History This interesting article was written by one of New Zealand most well known Investment Advisor’s four years ago. It explains very well how far New Zealand has come from these dark days of socialist nonsense and open corruption to the competitive economy we have in New Zealand today. It was not an easy ride as you can see.  Argentina went through the same restructuring process with the same issues. TAKING…

Argentine soy oil contracts under pressure from “wash out” by Chinese importers

Chinese importers have started to practice “wash out” with Argentine soy oil contracts, which is having an impact on the local industry. “Wash out”, means previously signed contracts are being canceled, and buyers are choosing to exchange them for sunflower oil produced in the Black Sea region, which is cheaper. This practice has been adopted in the past by the Chinese with regard to soybean imports from Brazil. The adoption of this strategy by the Chinese has led soybean oil prices in Argentina to…

Coronavirus reshapes China’s Belt and Road in Latin America

China-backed infrastructure projects slow in the region while new opportunities emerge in health and digital technology The disruptions of the coronavirus pandemic have taken a toll on China’s flagship foreign infrastructure and investment programme, the Belt and Road Initiative (BRI). Its nature, pace and scope are all likely subject to change in Latin America in the near and long-term. Many Chinese-backed projects framed as part of BRI have hit the brakes across the region, as the Covid-19 crisis has affected…

Is Anyone Crazy Enough to Lend to the Argentina government?

In June 2017 Argentina sold US$2.75 billion of 100-year bonds and I wrote then that “Argentina is unlikely to get through a decade without defaulting let alone 100 years”. It wasn’t a particularly radical call for a country that had defaulted four times in the previous 35 years. In August 2019 Argentina announced it planned to default and was seeking talks with its lenders to restructure its debts, sending the price of its bonds plummeting. This week Argentina struck a deal to restructure its debts on…

One Country, Nine Defaults: Argentina Is Caught in a Vicious Cycle

At midnight Saturday, after months of histrionics, the clock ran out on Argentina. It had failed to put up the $500 million it owed foreign bondholders and, in so doing, had fallen into default for the ninth time in its history. It’s a staggering number, putting the South American country in an elite league of serial defaulters that includes the likes of Ecuador, Uruguay and Turkey. The first episode came in 1827, just 11 years after independence. The last three came rapid-fire, one after another, in…

Two Spectacular Photos which personify Buenos Aires City

  Two Spectacular Photos which personify Buenos Aires City EL PUENTE DE LA MUJER ( above ) The Place: It is the first work by the Valencian architect and engineer Santiago Calatrava that was built in Latin America. It was carried out entirely in Spain and was transferred to Buenos Aires divided into parts during several trips. Inaugurated in December 2001, it is part of the list of “must-sees” that the City recommends visiting tourists. Curiosities: Its structure, refined and sensual, simulates…

Smart Apartments Are No Longer A Luxury

This article series spotlights key business trends identified by the expert members of Forbes Councils. The Covid-19 crisis has significantly disrupted the real estate industry, especially when it comes to multi-unit apartment buildings. With approximately 100’s of millions of jobs lost, many renters are struggling to make ends meet, and affordable housing – which was already in short supply – is now even more vital. Furthermore, preventing viral spread through social distancing has…
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