Posts Tagged "Argentina"
Meet the “Latin American Bill Gates”, by Leonardo Gottems
Timizzer.com - Lucas Lezcano Velez is a 34-old professional from Argentina. About five years ago he had very difficult period when he lost his grandparents. He had no place to go and became a homeless. Thanks to his friends, Velez got a huge support he needed so much at that time. The life-crisis encouraged him to think profoundly and search for the possible ways in order to improve his life-style. As a result, he has won a scholarship grant from one of the leading universities in London. This achievement has not stopped him from pursuing his main goal of life-improvement: Velez developed an idea to launch a website, based on billionaire business MoneyMarket, aimed at helping people to make financial decisions in his country.
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Read MoreSilver Standard Resources: case of a successful business in Argentina, by Leonardo Gottems
Timizzer - Argentina currently is not considered by investors as the lucrative destination. There are many reasons influencing this trend: country has fought an inflation of over 25 percent, taxes are rising on agriculture, import restrictions are increasing, there is a shortage of products, the government has started to take over companies, and so forth. Nevertheless, there are still some commodities to watch in that South American country.
Not surprisingly the name Argentina comes from ‘silver’ in Latin. And this is the commodity that still might have huge potential, despite of the current unfriendly environment for invstments…
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Read MoreSlim’s purchase of YPF brings optimism to Buenos Aires’s Merval, by Leonardo Gottems
Timizzer.com - An unexpected 8.5 percent purchase of YPF by the world’s richest man, Carlos Slim, has brought also optimism for the Buenos Airesstock exchange Merval. After weeks of losses due to the seizure of 51 percent of the company by the Argentinian government, YPF’s stocks had a high of 9.08 percent last Friday.
The stocks in New York also grew – by 6.89 percent and closing the trades at US$ 11.17. It also reflected on other oil companies traded at Merval such as Petrobras Energía, which had a 10.79 percent high. The Merval index had a 3.5 percent high, after some bad weeks…
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