nationalization News

How Panama Fishing Boats Brought Mining Company First Quantum to its Knees

For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking off coal and essential supplies destined for First Quantum Minerals’ giant copper mine there, eventually forcing it to halt operations …

Myanmar to Open Insurance Sector to Foreigners in 2015

Myanmar will allow foreign investors into its insurance sector by around 2015 once local private insurers have had time to establish themselves, a senior government official told Reuters. “We need to give these local companies a chance to gain some …

S&P Revises Argentina’s Sovereign Debt Rating Outlook to Negative

Standard & Poor’s revised its outlook on Argentina’s sovereign debt rating to negative from stable on Monday, citing policies that include a government push to seize control of energy company YPF from Spain’s Repsol. President Cristina Fernandez announced the YPF …