Chevron (NYSE: CVX) is in advanced negotiations with Argentinean state owned YPF (NYSE: YPF) to develop Vaca Muerta basin, considered by Chevron the second largest reservoir of unconventional oil in the world. This looks like a potentially huge opportunity, but the risks are also enormous.
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Friday, June 7, 2013
Thursday, June 6, 2013
Xi visits US, Latin America as leader of more confident China after decade of explosive growth
BEIJING - President Xi Jinping meets his American counterpart, Barack Obama, this week after stops in the Caribbean and Latin America as the leader of a more confident China following a decade of explosive economic and trade growth.
Wednesday, June 5, 2013
China drawn to Mexico's opening economy
MEXICO CITY (AP) — China has invested heavily in resource-rich Latin America in recent years, striking major trade deals with governments from Venezuela to Argentina.
Tuesday, June 4, 2013
Brazil’s economy is weak, but its IPOs are still going strong
Brazil’s GDP growth has been disappointing, but one company remains bullish on the economy: cement producer Votorantim Cimentos.
Monday, June 3, 2013
Colombia Leaves Rates Unchanged and Extends Dollar Purchases
Colombia kept borrowing costs unchanged for a second straight month as policy makers gauge whether Latin America’s lowest interest rate and a government stimulus package will reverse a slowdown in growth. It also extended a program of dollar purchases until September.
Sunday, June 2, 2013
Mexico Peso Extends Biggest Monthly Decline in Year on Economy
Mexico’s peso dropped, extending its biggest monthly decline in a year, as a surge in U.S. Treasury yields sapped demand for the Latin American nation’s assets.
Saturday, June 1, 2013
Argentina's March Primary Surplus Almost Halved to ARS438.3 Million
Argentina's government said Wednesday that its primary surplus fell almost 94% in March as spending increased faster than revenues.
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