Buenos Aires Ranks #3 For Visitor Spending In Latin America

Patrick Archer buenos aires events, competitiveness, foreign investment, global rankings, hotels & casinos, lifestyle, tourism, uruguay

International visitors in the City of Buenos Aires spend US$2.2 billion annually according to a new analysis of international arrivals and visitors spending in the world’s 132 most important destination cities. The new edition of the MasterCard Global Destination Cities Index estimates Buenos Aires will welcome 2.1 million international arrivals this year who will spend a total of US$2.2 billion …

Uruguay Internet Connection Speeds Surge As Fiber Optic Spreads

Patrick Archer competitiveness, creative class, entrepreneurs, global rankings, lifestyle, technology, uruguay

Uruguay Internet connection speeds are surging thanks to the spread of a national fiber optic network combined with affordable monthly plans for residential and business customers. Uruguay already has the fastest and cheapest Internet access in Latin America, and now the speed gap between Uruguay and other countries in the region is widening, according to Akamai’s 2014 State of the …

Argentina Country Risk Falls To Lowest Level In 3 Years

Patrick Archer buenos aires events, competitiveness, foreign investment, global rankings, real estate, us companies

Exactly one week ago the US Supreme Court rejected Argentina’s appeal in the high-profile debt case with holdout hedge funds led by NML Capital and Aurelius Capital Management stemming from the country’s 2001 default. The week that followed was full of mixed signals, speculation and posturing on both sides of the case. Considering the market’s disdain for uncertainty, Argentine stocks and bonds …

Buenos Aires Commercial Office Space Is Officially Cheap

Patrick Archer average prices, buenos aires events, competitiveness, foreign investment, global rankings, real estate

Buenos Aires commercial office space is officially cheap…and not just compared to London, Hong Kong and Moscow. That’s a given. Now Class A office space in Buenos Aires is cheap compared to most major metros in Latin America. Buenos Aires, With Very Cheap Offices is the headline of Alfredo Sainz’ analysis in La Nacion which pegs the average price per …

Moody’s Upgrades Uruguay Credit Rating To Baa2

Patrick Archer agribusiness, competitiveness, foreign investment, global rankings, real estate, tourism, uruguay, us companies

Uruguay achieved its highest credit rating in history today when Moody’s Investors Services upgraded its rating for Uruguay government bonds to Baa2 from Baa3 with a stable outlook. According to the official press release, Moody’s based the ratings upgrade on three main drivers: the strengthening of Uruguay’s credit profile with adequate buffers and a lower debt:GDP ratio, declining exposure to …