Forbes.com – by Jonathan Green & James L. Athas In 2010, while working to enhance its worldwide internal controls and compliance program, Ralph Lauren Corporation discovered evidence that its Argentine subsidiary had been paying bribes to government officials in Argentina. The bribes, paid through customs brokers, facilitated the entry of…
Forbes.com – by Lawrence Goodman Argentina seems to be on a collision course of its own making. Inflation is soaring and investment is on the wane. Despite being the third largest economy in Latin America with abundant resources, Argentina no longer has access to voluntary capital inflows…
Everyone in the real estate industry in Buenos Aires agrees. Real estate agents, brokers, developers and construction companies all point out that the best properties to buy right now are small apartments in good locations priced between US$ 50,000 to US$ 150,000. The current global…
The availability of credit in Argentina depends on the level of savings deposited in the banking system. Mortgage lending at present is limited in Argentina because the private sector of the Argentine economy has limited savings. The situation is further aggravated by the fact that…
Just over a decade ago Argentina spectacularly unraveled with the biggest default in history—$100 billion. Dollar deposits were converted to pesos. Then, overnight, the peg of one-to-one with the dollar was broken. The unpegged currency immediately devalued. Savings were wiped out. Banks were set alight…
Buenos Aires, Argentina
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Friday, 15 June 2012
03:25:43p.m. (GMT -03:00)
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