ARGENTINA: The Week at a Glance
In Argentina, the feeling is that we hit rock bottom in April. Cement production, CAME’s sales, new vehicle registrations, Debits and Credits Tax revenue, and the recent PMI made by UADE all show better results in May than in April. The ongoing quarantine poses some limitations on activity improving during the coming weeks, but anyhow we expect the trend to stay positive.
ARGENTINA: Expropriation rears up again
President Alberto Fernandez yesterday, 8 June, announced the state takeover of the leading agro-export company Vicentin, the country’s sixth largest agricultural exporter. The takeover will last 60 days. However, an expropriation bill will be sent to Congress shortly with the ai… Become a member to read the rest of this article Username or E-mail […]
RUSSIA/US: Expanded Nord Stream 2 sanctions loom
The expansion of US sanctions on the Nord Stream 2 (NS2) pipeline could further push back the completion of the project. However, a potentially drawn out adoption process in the US would limit the effectiveness of the proposed measures. Regardless of the sanctions, Gazprom will … Become a member to read the rest of […]