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...We don’t trust the government.”...
...Soon he started his own company, Comercial Limax, selling pet accessories from his study, where his daughter could visit whenever she pleased....
...the past two months alone, it has acquired Gland Pharma in India, UK football club Wolverhampton Wanderers and Brazilian fund manager Rio Bravo Investimentos, and taken a stake in Portuguese lender Banco Comercial...
...It has acquired Gland Pharma in India, UK football club Wolverhampton Wanderers and Brazilian fund manager Rio Bravo Investimentos, and taken a stake in Portuguese lender Banco Comercial Português....
...“[We have been] shut out for more than five years . . . re-establishing access at prices which are not usurious is very important because it’s a sign the crisis has turned and banks don’t need to depend...
...But we don’t know how advanced – no one has mentioned an announcement by the end of the year – or how much....
...According to El Cronista Comercial, an opposition business newspaper, Argentina’s intensifying restrictions on dollar purchases now mean people are only being allowed to buy $30 per day for travel abroad...
...Related reading: Argentine debt holders seek $250m in security, FT Argentina: don’t uncork the bubbly yet, beyondbrics Argentina v holdout file, beyondbrics Pari Passu saga, FT Alphaville...
...Right, we don’t want to get too “milk and cookies” about this but we have just one or two points to make about the European Banking Authority’s update on its bank recap exercise released on Wednesday....
...its revenue comes from 19 countries outside Argentina – shielded it from the YPF fallout, and Alejandro Yapur, McDonald’s managing director for Argentina, Uruguay, Paraguay and Chile, told El Cronista Comercial...
...Another is to withdraw subsidies from residential gas and electricity bills for those customers who don’t need them....
...The Fitch bank downgrades included that of Caixa Geral de Depósitos, Banco Comercial Português and Banco BPI, which were cut to triple B minus....
...It lowered Banco Comercial Português by three levels to Baa3, one notch above junk status....
...But don’t write off Standard Bank’s interest in Argentina too soon....
...But don’t worry. Everyone’s gonna pass, dontcha know....
...But don’t let that put you off....
...We don’t have access to the report at the moment (FT Alphaville’s Moody’s login has been ‘temporarily suspended’ for quite some time) but we’ll update this post when we get it....
...“We don’t see where any new business will be generated by this news.” Shares in FMC’s parent company Fresenius gained 3.9 per cent to €56.23....
..."It is scientifically demonstrated that I don't eat children and don't bring misery and terror. I'll bring serenity and, if possible, a bit of humour, because the country needs it," the prof joked....
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