Brokerages Set Telecom Argentina SA (NYSE:TEO) PT at $21.20

Shares of Telecom Argentina SA (NYSE:TEO) have received a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.20. An institutional investor recently Read more [...]

Argentina ends electricity subsidies to save $4 billion

Updated: Jan 29, 2016 - 5:56 PM BUENOS AIRES, Argentina (AP) — Argentina is ending subsidies on electricity bills, and officials say the move will save the government $4 billion this year. Authorities are declining to estimate how much consumers' power costs will rise as a result, though some Argentina news media say bills could jump as much as 500 percent for some users. The government says it spent a total Read more [...]

‘No Pasaran!’ After two years, Argentina’s Monsanto blockade is fighting on

"Cordobeses (residents of Córdoba) will be proud to have one of the most important (seed-producing) plants in the world", Monsanto's website claims. "The more than one thousand employees of Monsanto Argentina are proud and thankful to be a part of the community of Malvinas Argentinas." [1] However, it would appear the sentiment doesn't go both ways. A blockade against the agro-giant Monsanto in Malvinas Argentinas entered its third year in September of last year. The construction Read more [...]

Tag Archive | "state workers"

Around 25,000 public sector workers have been fired in the last month and a half. Azzura Lalani investigates what’s behind the government’s intention to ‘trim down’ the State. Protests outside the Centro Cultural Kirchner after 600 workers were fired at the start of the year (Photo courtesy of Patricio Murphy) “I am not a ñoqui,” says 27-year-old Fernando Gaba firmly. The former usher and union representative at the Centro Cultural Kirchner (CCK) was fired by the new authorities Read more [...]

Yahoo to Shut Down Its Offices in Argentina, Mexico

Yahoo plans to close its offices in Argentina and Mexico, a company spokeswoman said on Thursday.The company will maintain its Latin American operations through its teams in Brazil and Coral Gables, Florida.Yahoo declined to specify how many jobs were affected, but said the offices were "small sales-focused".Technology news website TechCrunch first reported the closures.Earlier this week, Yahoo performed its yearly spring cleaning, overhauling the Yahoo app for Android and iOS, as well as its Read more [...]

Argentina’s Uncertain Prospects

SHANGHAI – Mauricio Macri’s election as Argentina’s president brought to an end 12 years of government led by Néstor and Cristina Fernández Kirchner. Macri’s administration inherits a delicate economy. If he is not careful, Argentina could face a balance-of-payments crisis, owing to deteriorating external conditions and macroeconomic mismanagement, especially since 2011. Some aspects of Argentina’s economic situation, however, are highly desirable – not least its low Read more [...]