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Repsol, Spanish Shares Falter on Latin America: Taking Stock

Repsol, Spanish Shares Falter on Latin America: Taking Stock Dec. 13 (Bloomberg) -- Spain's economic growth is outpacing the average for the 12 countries sharing the euro, yet the nation's IBEX 35 index is the worst performer among Western Europe's 18 stock indexes this quarter. The gap may persist in 2006 on concern that Spanish companies, the second-largest international investors in Latin America after the U.S., will be hurt by regulatory changes and political instability in the region. Three of its largest economies hold presidential elections next year. ``Too many Latin American leaders are tilting toward politics that appease the masses

Leaders hail intimate ties between Europe, Latin America

Leaders hail intimate ties between Europe, Latin America Austrias Chancellor Wolfgang Schussel, the U.N.s Secretary-General Kofi Annan and Mexicos President Vicente Fox Quesada unanimously hailed the intimate relations between Europe and Latin America in a public statement on Friday. The economic data show how important the economic cooperation between the EU and Latin America and the Caribbean has become, Schussel told a press conference after the first working session of the fourth EU-Latin America Summit. According to Schussel, who hosted the summit as his country is holding the presidency of the European Union

Bank of America recommends buying Kraft shares

Bank of America recommends buying Kraft shares A Bank of America analyst says this might be a good time to buy shares of Kraft Foods. Krafts parent, Altria Group, may decide to spin off its stake in the nations largest food company during a board meeting Wednesday. The Justice Department ruled a couple of weeks ago that tobacco manufacturers engaged in activities which broke civil-racketeering laws, but declined to impose large financial penalties. Analyst Edgar Roesch has told his clients that the ruling seemingly opens a window for Altria to spin out to shareholders its 88 percent ownership of Kraft Foods.

Latin America’s oil rebels rebuff EU

Latin America's oil rebels rebuff EU The presidents of Venezuela and Bolivia, Latin Americas most outspoken leaders, yesterday rebuffed demands by the European Union and other leaders at a summit in Vienna to temper their policies on foreign investment and energy, declaring that a new political era had arrived. Tony Blair, who attended the summit of European Union, Latin American and Caribbean countries, called for a responsible approach to the debate. Neo-liberalism has begun its decline and has come to an end, the Venezuelan president, Hugo Chávez, said at the gathering of nearly 60 heads of state, according to Reuters.

Fassino-Chavez: Eu-Latin America Dialogue Centre Of Meeting

Fassino-Chavez: Eu-Latin America Dialogue Centre Of Meeting In essence, the development of the political situation in Latin America and the possibility of development of economic cooperation between Italy and Venezuela was discussed. This was the comment made by Luciano Vecchi, responsible for foreign affairs in the DS (Left Democrats), at the close of a meeting held this morning between DS secretary Piero Fassino and the Venezuelan President Hugo Chavez. The meeting, that lasted around an hour - Vecchi continued - was cordial and allowed an exchange of information and consideration on the main issues of current international importance - with particular