Argentina’s nationalization of two railroads in the past month paves the way for the renovation of a network from the foothills of the Andes to the coast, cutting transport costs in the world’s third-largest soybean producer.
Argentina’s Supreme Court blocked part of the judicial changes proposed by President Cristina Fernandez de Kirchner in a move that threatens to stall her ambitions to “democratize” the nation’s legal system.
Nigeria, Pakistan and Kazakhstan don't top many traveler bucket lists. Sending money there's another story: The MSCI Frontier 100 Index is up 14 percent this year and assets in exchange-traded funds that specialize in such "frontier markets" have risen 52 percent to $820 million. By contrast, nearly $10 billion has flowed out of emerging market ETFs this year, and the MSCI Emerging Markets Index is down 8.1 percent.
FIFA logged seven transfer payments this year to second-tier Uruguayan soccer clubs for Brazilian players who never appeared for them, as the soccer ruling body studies whether to ban the tax-avoiding arrangements that date back to the 1990s.
Itau Unibanco Holding SA, Latin America’s largest lender by market value, will become the biggest credit-card operator in Chile after agreeing to manage the in-house cards of Santiago-based retailer Cencosud SA.
Felda Global Ventures Holdings Bhd., the world’s third-largest manager of palm oil plantations, plans to tap its 6.2 billion ringgit ($2 billion) cash pile to expand abroad as Malaysia runs short of available land.