Argentina
What the “blood” running in Argentina means for you
Legendary investor Baron von Rothschild once stated that, “When the streets of Paris run with blood, I buy!” If he were alive today, he would probably be commenting about the streets of Buenos Aires, where the stock market is swimming with red ink amid threats of nationalization.
State of grain: Putin putting pressure on prices
Shifting consumption patterns and recovering harvests are giving Russian farmers more wheat and corn to sell overseas, and if Vladimir Putin is on the money, the final export numbers should help make up for drought conditions elsewhere.
Account portability puts Telecom Argentina, other networks on the defensive
U.S. cell phone users are used to having the right to keep their numbers when they switch networks. As the practice of making account information “portable” spreads, competition for subscribers in emerging markets is already getting more intense — and profit margins are feeling the strain.
Argentine government chides oil exploration companies in the Falklands
As the 30 year anniversary of the invasion by Argentina (ARGT, quote) of the Falkland Islands approaches on April 2, rhetoric from the Argentine government over foreign oil exploration in the area continues to grow louder. Yesterday, Argentine Foreign Minister Hector Timmerman proclaimed that the government will look to sue foreign oil companies operating around the Falklands in both domestic and international courts to ensure that this supposedly illegal drilling is halted.
Latin drought spreads to Brazil and plays havoc with corn prices
Farmers in Brazil have overcome many obstacles in the past but rainfall has not been one of them until the drought that began in Argentina spread, severely damaging both corn and soy bean crops. With no rain for the entire month of December and only one rainy day in January, farms are hard-pressed to remember a worse season.
Japan tech companies push Nikkei flat (FXY, EWJ, SNE, TOSYY)
Japanese stocks open soft early Tuesday trading — and as we highlighted yesterday, tech exporters are weighing on the market with a rising yen.