Argentina’s hostile takeover of YPF, a Spanish-owned oil producer that is the largest energy company here, was to many economists a blunder that would only curtail foreign investment in a country starving for cash.
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Items by Juan Forero
washingtonpost.com - Business
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Argentina’s gas and oil fields are risky but lucrative for Big Oil
Posted: May 3rd, 2012, 8:48pm EDT by Juan Forero
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Seizure of Repsol affiliate in Argentina stuns oil markets
Posted: April 26th, 2012, 8:55am EDT by Juan Forero
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BOGOTA, Colombia — With oil prices rising fast, nationalist governments in Venezuela, Ecuador and Bolivia have squeezed multinational energy firms over the past decade, taking a greater stake in projects and jacking up taxes and royalties.
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Expats lured by Brazil’s booming economy
Posted: February 5th, 2012, 7:38pm EST by Juan Forero
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SAO PAULO, Brazil — It just made sense to be in South America’s economic heart, Jonathan Rosenthal reasoned, no matter that he had been working on Wall Street with some of the investment world’s most heady firms.
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Audacious geologist goes for Amazon oil
Posted: February 2nd, 2012, 6:30am EST by Juan Forero
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RIO DE JANEIRO — Marcio Mello often talks of eureka moments.
The veteran geoscientist’s biggest came when he decided that his petroleum research firm should become an oil producer, taking advantage of the rich sedimentary basins that have lured oil companies to Brazil.
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Brazilian aircraft builder Embraer diversifies for down market
Posted: November 19th, 2010, 10:14pm EST by Juan Forero
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IN SAO JOSE DOS CAMPOS, BRAZIL Grainy old photographs lining the walls of Brazil's biggest aircraft plant here show men in tight suits and high collars posing proudly next to their flimsy flying machines.
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Venezuelan union clashes are on the rise as Chavez fosters new unions at odds with older ones
Posted: July 15th, 2010, 12:00am EDT by Juan Forero
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MARACAY, VENEZUELA -- Calling itself the most labor-friendly government in Latin America, President Hugo Chávez's socialist administration has repeatedly increased the minimum wage, turned over the management of some nationalized companies to workers and fostered the creation of new unions.
Venezuela - South America - Hugo Chávez - Business and Economy - Catholic Church
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Despite billions in U.S. aid, Colombia struggles to reduce poverty
Posted: April 19th, 2010, 12:00am EDT by Juan Forero
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ALGARROBO, COLOMBIA -- Eight years after President Ãlvaro Uribe took office and began harnessing billions in U.S. aid dollars to pummel Marxist guerrillas, Colombia is safer for this country's 45 million people and for the foreign investors who have flocked here.
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Aftershocks a reality check for Chilean President Sebastián Piñera
Posted: March 12th, 2010, 12:00am EST by Juan Forero
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SANTIAGO, CHILE -- Sebastián Piñera pledged during his presidential campaign to bring fiscal prudence to Chile, but moments before his inauguration Thursday, he received a jolting reminder of how last month's 8.8-magnitude earthquake has shredded that promise.
washingtonpost.com - Technology
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For scientists, Chile becomes the ideal lab for studying seismic activity
Posted: March 8th, 2010, 12:00am EST by Juan Forero
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TALCA, CHILE -- When an aftershock nearly as big as Haiti's earthquake jolted this city on Friday, those already reeling from last month's huge quake shuddered in fear. But Jeff Genrich, a 53-year-old earthquake scientist from California, lolled in bed.
washingtonpost.com - Business
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Post-quake looting challenges Chile's perceptions of social progress
Posted: March 5th, 2010, 12:00am EST by Juan Forero
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CONCEPCION, CHILE -- In a country considered safe, democratic and increasingly egalitarian, the stores were sacked.
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Haiti's elite sees business opportunities emerging from reconstruction
Posted: February 15th, 2010, 12:00am EST by Juan Forero
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PORT-AU-PRINCE, HAITI -- Last month's earthquake battered Reginald Boulos's small empire, destroying one of his supermarkets, badly damaging a hotel and killing two workers at his car dealership.
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Venezuelan consumers fear inflation, dump cash after Chávez devalues bolivar
Posted: January 13th, 2010, 12:00am EST by Juan Forero
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Venezuelans mobbed stores this week to buy imported electronic goods after the government's sharp devaluation of the currency heightened fears that prices would soon skyrocket.
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Booming economy, government programs help Brazil expand its middle class
Posted: January 3rd, 2010, 12:00am EST by Juan Forero
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RIO DE JANEIRO -- Teresiña Lopes Vieira da Silva peddles spices and peppers from a street stall, but hers is no fly-by-night business.
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Brazil girds for massive offshore oil extraction
Posted: December 7th, 2009, 12:00am EST by Juan Forero
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Everything about the shipyard here is colossal -- the 4,000-man workforce, the billions sunk into it in capital costs, the half-finished 10-story-high production platforms.
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Iran's Ahmadinejad expanding ties in Latin America
Posted: November 28th, 2009, 12:00am EST by Juan Forero
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BOGOTA, COLOMBIA -- Ever isolated by the United States and its European allies, Iran's president, Mahmoud Ahmadinejad, is increasingly forging ties in Latin America, and not just with fervently anti-American leaders such as Venezuelan President Hugo Chávez.
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Looking ahead, Brazil's farmers take up reforestation
Posted: November 23rd, 2009, 12:00am EST by Juan Forero
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LUCAS DO RIO VERDE, BRAZIL -- For nearly 20 years, Luiz Alberto Bortolini cleared trees and planted soybeans as fast as he could, one of many pioneers who turned this barren outpost into prosperous farmland.
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Day of the Gaucho Waning in Argentina
Posted: September 10th, 2009, 12:00am EDT by Juan Forero
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MAGDALENA, Argentina -- Cattle once ruled the seemingly endless grasslands here, delivering decades of prosperity for Argentina and producing a brand familiar to the world -- natural, grass-fed beef.
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Doctored Data Cast Doubt on Argentina
Posted: August 16th, 2009, 12:00am EDT by Juan Forero
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BUENOS AIRES -- Workers at the government's National Institute of Statistics call it crass manipulation: Their agency, under pressure from above, altered socioeconomic data to reflect numbers palatable to the presidency. Inflation and poverty miraculously dropped, they said in interviews, and the...
washingtonpost.com - Technology
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Doctored Data Cast Doubt on Argentina
Posted: August 16th, 2009, 12:00am EDT by Juan Forero
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BUENOS AIRES -- Workers at the government's National Institute of Statistics call it crass manipulation: Their agency, under pressure from above, altered socioeconomic data to reflect numbers palatable to the presidency. Inflation and poverty miraculously dropped, they said in interviews, and the...
washingtonpost.com - Business
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Ecuador's Protectionist Response to Global Crisis Helps Some, Worries Others
Posted: March 26th, 2009, 12:00am EDT by Juan Forero
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QUITO, Ecuador -- The world economy is in a free fall, and the prospects for tiny, oil-producing Ecuador are bleak. But at Grupo Superior, workers in hairnets and white smocks churn out growing orders of pasta and animal crackers, and the company plans to expand from three factories to four. -
Venezuela's Chávez Sets Up Obstacles for Opponents Who Won in Fall Elections
Posted: February 12th, 2009, 12:00am EST by Juan Forero
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CARACAS, Venezuela, Feb. 11 -- In November, Antonio Ledezma, a well-known opponent of the Venezuelan government, defeated President Hugo Chávez's handpicked candidate for mayor of greater Caracas. It was a particularly bitter setback for Chávez, not just because city hall is such a prized post bu... -
U.S. Links 3 Chávez Aides to Guerrillas
Posted: September 13th, 2008, 12:00am EDT by Juan Forero
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BOGOTA, Colombia, Sept. 12 -- The United States on Friday accused three top aides to Venezuelan President Hugo Chávez of helping Colombian guerrillas traffic in cocaine and battle the Colombian government, the first time the Bush administration has publicly outlined tight links between what it calls... -
In Venezuela, the Newest State Business Is a Dairy
Posted: June 7th, 2008, 12:00am EDT by Juan Forero
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BARQUISIMETO, Venezuela -- Mauricio Herrera describes himself as a devoted soldier in President Hugo Chávez's self-styled revolution. So when oil workers opposed to Chávez went on strike in 2002, Herrera was among loyalists at the state oil company who revived production.