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Strategies & Market Trends : Argentine stocks -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (285)	5/20/1999 11:51:00 AM
From: X Y Zebra	Respond to of 331

The "natives" seem really restless.... biz.yahoo.com Argentine Congress bans Banco Nacion privatization BUENOS AIRES, May 20 (Reuters) - Argentina's Lower Chamber of Congress on Wednesday passed a law preventing the possible privatisation of Banco Nacion, state-run news agency Telam and private news agency DyN said. The Senate had passed the bill last month. President Carlos Menem has launched a sweeping privatisation drive since he first took power in 1989 and last year agreed with the International Monetary Fund to change the bank's status by early 2000 to transform it into a limited company. A limited company is one whose shares may be held by the investing public and traded on an exchange.

To: X Y Zebra who wrote (285)	5/20/1999 9:15:00 PM
From: Tom	Read Replies (2) \| Respond to of 331

Has to be political. All Argentines need do is take a look in the rear-view mirror. Speaking of which, Mr. Cavallo squelched a report from the London FT saying, "I never talked about floating the currency." (Mingo irritates easily.) I see your going to make me switch to my Spanish keyboard ... Gastón. <g> I. myself, expect to see more contrary developments out of South America. Seems as though dissatisfaction with U.S. hypocrisy has spread like wildfire, and is an attitude that some are more than ready to envelope in policy. Lately ... a Chavéz/Cardoso initiative toward a co-operative agreement, the reported purpose of which is to compete more effectively "against" U.S. interests in the region. Action is also underway to combine the oil exploration and/or refining industries of the two nations. Let me see...what else. Someone, somewhere, has finally noticed that the United States has no Ambassador to Argentina and hasn't had one for more than two years. Yes, the Clinton Administration considers Argentina...or do they? And, don't look now folks, a seamless system for trading securities between the Iberian nations and S.A. exchanges will soon be underway. The new trading system sprouted from an Iber-American investment agency established by Spain and Portugal to quicken ties between the two regions. That's about it. -----