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GLG News by Political Experts (South America)

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December 6, 2007
An unexpected change of rules
Analysis of: The new tax on mining was decided | www.clarin.com
Author: GLG Expert Contributor
Mining in Argentina has been growing fast during this commodity boom with exports of almost 8 billion dollars in the last fivre years. The industry enjoyed a specific regulatory regime sanctioned in the 90s where the government committed itself to respect the tax structure and keep it for 30 years....
June 8, 2007
Political motives in an election year
Analysis of: Again Argentine bonds go downward | www.clarin.com
Author: GLG Expert Contributor
This is a presidential election year and President Kirchner wants to have inflation below a 10% annual rate. The government first attempted some kind of price controls, or agreements, and when even those failed, it took control of the national statistic agency and tried and did manipulate the index...
March 23, 2007
IRSA and The Related Group ride the Real Estate wave in Argentina
Analysis of: Investing 500 million in Boca's former Sports City | www.lanacion.com.ar
Author: GLG Expert Contributor
IRSA, an argentine real estate company listed on the NYSE (IRS) has announced a partnership with the Miami based real estate company The Related Group run by Cuban-Argentine Jorge Perez.IRSA owns since 1997 seventy hectares (172 acres) of land in an area very close to downtown Buenos Aires and the booming...
March 1, 2007
Lula's pieces in place but investors still wary
Analysis of: POLITICS-BRAZIL: Lula, Placing His Pieces | www.ipsnews.net
Author: GLG Expert Contributor
-Ministerial Reform Largely Completed with Nominations on 28 February-Delay Not Important given lack of Financial or Political Pressures on President Lula for Dramatic Policy or Personnel Changes-Lula Government Focuses on PAC Growth Acceleration Pact but private investors wary-Economic...
February 26, 2007
Always the "third" position
Analysis of: Argentina's Kirchner Backs Chavez | www.guardian.co.uk
Author: GLG Expert Contributor
1. The article is important because it reflects the basic political alignments now playing in Latin America. 2. The attempts of the US to counterbalance Chavez's influence in the region seem more complicated than expected. 3. Regional alignments may also give an idea of they way different countries...
February 15, 2007
US-Brazilian Ethanol Cooperation Paves Way for Booming Trade
Analysis of: U.S. Seeks Partnership With Brazil on Ethanol | www.washingtonpost.com
Author: GLG Expert Contributor
A February 8 accord between the US and Brazilian governments on ethanol research and development sets stage for further trade and technology agreements. The accord follows a record US$ 1.6 billion of Brazilian ethanol exports to the US during 2006 and provides a positive agenda for global...
February 15, 2007
They are not celebrating, but they are consuming
Analysis of: Back from meltdown, Argentina's economy blossoms, but public isn't celebrating yet | www.thejournalnews.com
Author: GLG Expert Contributor
The article correctly points out that the economic situation in Argentina has improved substantially from the depression of 2002, achieving four years at an annual rate of growth of 8%.It also correctly says that the main sources of the change were the devaluation of the currency and the rescheduling...
February 5, 2007
Not only corn, Argentina beats record on agricultural production
Analysis of: Record corn harvest: 21.5 million tons | www.clarin.com
Author: GLG Expert Contributor
With corn sowing already completed and 2.8 million hectares dedicated to corn, Argentina's estimated production will be 21.5 million tons, 41% larger than last year's. It could even be larger, depending on rainfall during February.
January 25, 2007
Increased demand for corn
Analysis of: The U.S affirms it may import corn from Argentina | www.clarin.com
Author: GLG Expert Contributor
Although the US is the first producer of corn in the world, it may start importing corn from Argentina, even though the present harvest is the third largest ever. This is bringing bad news to poultry farmers and breeders.The problem comes from ethanol. Six years ago there were only 54 ethanol producing...
January 19, 2007
Correa's constraint
Analysis of: A Leftist at the Helm in Ecuador | www.businessweek.com
Author: GLG Expert Contributor
A couple of months have lapsed since this article was published but it has not lost importance since Correa was inaugurated as president of Ecuador a week ago.The concerns raised there are still alive, one of the most important being the possible default on the debt. This possibility was strengthened...

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