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Economy & Business - May-June 2012 (ISSN 1741-7430)
BOLIVIA: Morales back to his old tricks
Just two weeks after Argentina made international headlines with its decision to re-nationalise the oil company Yacimientos Petrolíferos Fiscales (YPF), the local subsidiary of Spain’s Repsol, Bolivia’s President Evo Morales set off more investor jitters with his 1 May decree ordering the takeover of Bolivia’s electricity transmission company, Transportadora de Electricidad (TDE), seizing control from Red Eléctrica Internacional SAU, a subsidiary of Spain’s Red Eléctrica Española (REE). Morales pledged to strengthen state control over the economy under his new 2009 plurinational constitution. Unlike the hostile response in Madrid (and Brussels) to the Argentine move, Spanish-Bolivian relations remain relatively amicable.
- The Pacific Leap
- ARGENTINA: Provinces bear the brunt of the YPF takeover
- BRAZIL: ‘Come back my darling’…
- BRAZIL: Protectionism not working yet
- CHILE: Freirina fiasco tarnishes Chilean business reputation
- URUGUAY: Industrial slowdown points to looming danger
- PARAGUAY: Manufacturers look beyond Mercosur
- MEXICO: Puebla case to test Mexico’s commitment to protecting foreign investment
- MEXICO: Mexico emerges from Brazil’s shadow
- BOLIVIA: Morales back to his old tricks
- ECUADOR: Correa to the rescue of over-indebted households
- PERU: Time for reform
- VENEZUELA: The multiplier effect
- CUBA: Repsol quits the Cuban gulf
- EL SALVADOR: Coffee exports down
- GUATEMALA: Remittances up
- HONDURAS: Falling fuel prices bring some relief
- NICARAGUA: IMF gives thumbs up
- PANAMA: Planned Canal toll increase triggers complaints
- Mexico warns of Mercosur’s protectionism
- Record FDI into Latin America in 2011
- Best buddies fuel up
- Chile’s HidroAysén project under threat