Stories for February 15th 2008
Feb 21 part of YPF shares back under Argentine control
Spain's Repsol YPF announced Thursday that the sale of 14.9% of its affiliate in Argentina to that country's businessman Enrique Eskenazi will become effective next February 21.
Fed admits outlook for US economy “has worsened”
United States Federal Reserve chief Ben Bernanke told Congress on Thursday that the US economic outlook had deteriorated but pointed out that the Fed will “act in a timely manner”.
Argentine-Brazilian group after Esso assets in Mercosur
Argentine group Eurnekian and Brazilian investment fund GP Investimentos have tied up to launch an offer to buy the Latin American Esso downstream assets of Exxon Mobil Corp, said a spokesman for Eurnekian in Buenos Aires.
Mrs. Kirchner can't convince protestors to end pickets
Argentine president Cristina Fernandez de Kirchner and Gualeguaychu pickets kept on Thursday to their positions in the controversy over the construction of a pulp mill in neighboring Uruguay which environmentalists and protestors claim is/will be highly contaminating.
Falkland Islands: Weekly 'Penguin News” update
Headlines: Dorada under new ownership; New Constitution by mid-2008?; Kirchner to London; ASSI inspectors reveal findings; MPs on week-long visit; Drugs man jailed; Coming up this week.
US-Andean countries trade program extended ten months
A United States House of Representatives panel approved Thursday a ten month extension for a trade programme providing reduced tariffs for exports from the four Andean nations of Bolivia, Colombia, Ecuador and Peru.
Forecasts of another boom year for soybean farmers
The German Hamburg based publication Oil World has cut its estimate of the Brazilian 2007/08 soy crop to 59.3 million tons, down from the previous 59.8 million tons.
Lack of Argentine gas forces red numbers on Magallanes region
Magallanes Region economic activity plummeted 22.7% during the last quarter of 2007 which meant the region ended the twelve month period with a surprising negative performance of 11.5%, according to the local chapter of Chile's National Statistics Institute, INE.
Regional presidential summit to address winter gas supply
A presidential summit of Argentina, Brazil and Bolivia leaders is scheduled for next February 23 in Buenos Aires to try and find a solution to the anticipated shortage of Bolivian natural gas supply next winter if as estimated Argentine and Brazilian demand increases over last year's volume.
China's trade surplus in January jumps beyond all forecasts
China's trade surplus soared 22.7% in January as the economy continued to boom despite efforts to cool the rate of growth, official figures have shown. The gap between what China exports and what it imports grew to 22.7 billion US dollars last month, 15.9 billion a year earlier.
