International investors rattled by Argentina's multi-billion-dollar grab of the country's main oil firm should steel themselves for other states to raid foreign-held assets as one easy solution to their economic woes.
Argentina’s move to seize the local energy assets from Spanish oil and gas giant Repsol has spurred condemnation from the European Union's parliament and has led to worries about more anti-free market policies in Latin America.
As the dust settles on the announcement that Argentina would seize control of assets owned by Repsol-backed energy company YPF, many are worried that other companies will shy away from investment in the South American country.
Wednesday, 11 Jan 2012 | Posted By:
| Source: CNBC.com
International Living, a publication that shows how you can live better for less overseas, just released its Retirement Index for 2012, which determines foreign destinations offering retirees a high standard of living at a low price. CNBC.com highlights 10 of them.
Wednesday, 28 Dec 2011 | Posted By:
| Source: CNBC.com
It pays to be young. but if you want to convey reliability, wisdom or gravitas, people over age 50 have the edge. They’ve been around the block a few times and have hard-earned knowledge that no education can compete with. Click ahead to see the new careers for workers over 50.
China will probably stimulate its economy next year, shielding Latin American commodities producers from Europe's debt crisis by underpinning demand for raw materials, Nobel Prize-winning economist Joseph Stiglitz said.
China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.
VIDEO | TOPIC : Places/South America/South America