Z'Pancho, I was unable to recover the article about the Ibero-American trading system. It was reported by Bloomberg but I had no luck retrieving it. Also scanned Yahoo! Spanish. All I could find was Spanish authorities being adamant that they and Portugal be the conduit for EU/LatAm policies, which in itself gives some indication of current efforts.
The following, reported by Buenos Aires Trust, also caught my attention.
28 European firms set to enter Argentine exchange: While the Bolsa may lose YPF and Astra, it will get 28 new quotations on the market through European companies trading as FDR (Cedear). Some in the group include Volkswagen, Deutsche Telecom, Glaxo Welcome and Repsol. For investors with a liking toward any these European companies transaction costs will decline, and it also changes the scope of local mutual funds, which are required to invest 75% of their portfolio in the Mercosur block. Since the new companies are quoted locally they will be considered as part of Mercosur, giving fund managers new diversification opportunities.
Best,
Tom |
