Industry News

10 07 08
Argentina well-placed to weather crisis >>
Argentina's central bank and banking system are in good shape to provide financial and exchange rate stability despite a global crisis, Central Bank President Martin Redrado said on Tuesday. The country's banking system has very high levels of liquidity and can act as a cushion against the global crisis, instead of spreading it, Redrado said at a business seminar organized by the U.S. Chamber of Commerce in Buenos Aires.

09 30 08
The US financial crisis would benefit Argentinian wines >>
The crisis would pose an opportunity for Argentinian wines to grow in the Northern market. Some analysts see an optimistic scenario, but there is concern regarding a setback in overall consumption. The fall of the Wall Street financial system, which is making world markets totter, is also affecting the wine industry at the global and local levels. In this scenario, some analysts claim that Malbec would begin to replace some of the European varieties, while others argue that a market recession could provoke a drop in overall wine consumption.

09 23 08
Nadal Faces Stiff Argentina Test in Davis Cup Final >>
It has been Rafael Nadal's finest season: an extended run on the Paris clay, the English grass and a steamy Beijing hardcourt. Now, one more major challenge awaits: a Davis Cup final in Argentina with the opposition and its public in a manic, hyper-motivated mood. "The big problem is that we're going to be away from home against a team with a great group of players," Nadal said. "It's going to be difficult."

09 05 08
Buying Into the Vineyard Lifestyle >>
The housing market has soured, mortgages are drying up and the economy is weak. Second-home sales are at their lowest level in five years, according to the National Association of Realtors, and some builders are scrambling to fight off bankruptcy. But developers are finding that homes built around wineries or vineyards are still selling among wealthier buyers.

09 03 08
Where your dollar hasn't been hammered yet >>
From Germany to Australia and Brazil to Canada, the once-mighty greenback has been in a downward spiral for years. Fortunately, there are still safe havens out there - countries where our currency and the host country's currency move in lockstep. In two cases, our dollars are the actual currency, so you don't even have to visit an exchange booth. Here are five destinations where your costs should be stable no matter when you arrive.

08 28 08
Las Casas del Vino >>
PERHAPS THE MOST RENOWNED grape-growing region in South America, Argentina's Mendoza province is the clear choice for those who want the gastronomical and viticultural delights of Napa without having to pass some dot-com millionaire's wine castle every day.

08 21 08
British Airways adds more Buenos Aires flights >>
British Airways has confirmed that it is boosting the frequency of its service from London Heathrow Airport to Buenos Aires. From October 26, the UK's flag carrier will add three flights per week to the South American route, turning it into a daily service.

08 02 08
The Cheapest "Nice" Country in the World Right Now >>
I think it's imperative to have a crib outside your home country in today's world. I don't want to get into a detailed discussion of all the possibilities here; that would take a book. But my bottom line is that Argentina is simply the best place in the world right now, all things considered.

07 31 08
Argentina tipped as next property hot-spot >>
Argentina is hotly tipped by some experts to be the next big hotspot for property investment. The country is full of beautiful countryside and has a rich cultural history therefore it is no surprise that real estate within the country is starting to become popular. The figures look to stack up too - the Argentine economy is strong with growth rates of around 8 percent per annum, with millions of dollars being invested into the country from abroad.

07 21 08
Emerging markets-Argentina debt leads as dollar windfall seen >>
Argentina's bonds rose for a third straight day Monday as the end of a crippling farmers' protest opened the door to an anticipated multibillion dollar influx from exports of hoarded grain. Argentine President Cristina Fernandez on Friday repealed an export tax hike on soybeans, the day after her vice-president sided with the protesters and cast the deciding Senate vote to to scrap the tax increase. "With the the revoking of the tax hike in export grains, people are becoming more confident about the economic growth outlook in Argentina as grain production and exports re-normalize," said Nick Chamie, head of emerging market research at RBC in Toronto.