BA Mayor Shares His Vision in Miami

BA Mayor Mauricio Macri speaks at the Miami Herald's Americas Conference 2009

BA Mayor Mauricio Macri speaks at the Miami Herald's Americas Conference 2009

Buenos Aires Mayor Mauricio Macri spoke yesterday at the Miami Herald’s Americas Conference 2009 and shared his vision for Argentina’s future. Macri, who appeared in a panel discussion with journalist Andres Oppenheimer and Buenos Aires Province Governor Daniel Scioli, was critical of mistakes made over the past 20 years. According to Poder Magazine, “Macri told those present that his work will be concentrated on ‘trying to reverse two decades of neglect and lack of investment.’” Macri pointed to Brazil and Chile as regional models and cited the need for increased food & mineral production, greater tourism promotion and stronger, more transparent institutions if Argentina is going to be competitive going forward in the global marketplace.


While most boys grow up wearing polo shirts, others grow up to be fashion icons. Argentine polo player Nacho Figueras was born in 1977 to a middle-class family in Buenos Aires. He started riding horses and learned to play polo at a very young age. In 2000, he met Ralph Lauren who would eventually make Nacho the face of his Black Label clothing and fragrance line.

Figueras, whose Black Watch team is sponsored by RL, keeps it all in perspective, “It has been an honor to work with him, and he has given me the opportunity of giving the world more of an idea of what my sport is all about, which is one of my missions in life.” Luxist recently interviewed Figueras and asked him to list his Top 10 Luxuries.

As for his current lifestyle, Luxist paints a rather elite profile: When he isn’t playing polo in the world’s most prestigious tournaments and promoting its heritage as an ambassador, he is sailing with his young family off the coast of Punta del Este, Uruguay and breeding horses on his ranch outside of Buenos Aires.”

This is a fascinating video that sheds light on a truly global deal, Argentina’s role in the supply chain, and China’s insatiable appetite for everything. Noble Group CEO Richard Elman sits down with Bloomberg’s Bernie Lo to talk about China Investment Corporation’s (CIC) $850 million purchase of a 15% stake in Noble. Bloomberg notes that China has an appetite for everything Noble does business in from agriculture to foodstuffs to ores. Elman says the newly formed partnership seeks to secure the food chain on a global basis. “We think it’s going to be more important as the years go by. The world population is increasing by 3-5% every year, but the agricultural commodity development is not catching up with it, so I think we have a lot of opportunity there.” Noble’s port network in Argentina (Asset Map) is an integral piece in the pipeline strategy for South America, a region that Elman considers “the best source of low cost production in the world.”

Source: Arcos Dorados S.A.

Source: Arcos Dorados S.A.

Bloomberg is reporting that Buenos Aires-based Arcos Dorados, owner of the license to operate McDonald’s restaurants in Argentina and several other Latin American countries, will tap international debt markets and issue $450 million in 10 year bonds this week. Bank of America Merrill Lynch and Morgan Stanley will manage what Bloomberg calls “the first Argentine corporate bond sale in international markets in almost two years.” The transaction is a positive signal for the largest restaurant operator in Latin America as well as for other Argentine companies whose borrowing costs have fallen considerably this year thanks to diminished country risk. With more than 1,750 locations in 19 countries, Arcos Dorados reported net revenue of over $3.5 billion in 2008. While Arcos Dorados is targeting porteño coffee lovers with the recently launched McCafé concept (Story), the McDonald’s Argentina facebook page promotes new menu innovations like the McFlurry Cadbury and the Doble McNífica. Me encantaâ„¢.

cti alsCalifornia-based CTI Technology (CVAT.OB) today announced a long-term agreement with Biocombustibles y Energias Alternativas (ALSBIO) to develop projects in Argentina and other parts of Latin America. According to the announcement, ALS had already partnered with DOW Chemical and identified several projects where CTI technology could dramatically improve yields and profitability. CTI CEO Roman Gordon said, “We are very pleased to be working with ALS and DOW on these projects and expect that there is a bright future for the combination of our technologies in Argentina as well as the rest of the world where older outdated technologies have been installed.” Argentina is one of the world’s largest exporters of biofuels, and CTI was recently chosen one of the “50 Hottest Companies in Bioenergy by the leading industry publication, Biofuels Digest.

For more information about investing in Biofuels in Argentina, click here for a Sector Summary or e-mail me at info@investba.com.

 

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