Stories for April 26th 2012
Brazil investing heavily in developing Peruvian natural gas sector
Three of Brazil's leading companies said on Wednesday they are increasing investment and exploration in Peru's natural gas sector as the country prepares to build a new pipeline and petrochemical plants.
Brazil loan delinquencies down; Rousseff wants lower rates from private banks
Loan delinquencies at Brazilian banks fell in March for the first time this year, a sign that households are reining in debt to get current on their obligations, central bank data showed on Wednesday.
US promises advanced military technology if Brazil buys Boeing F/A18 fighters
Brazil will get US advanced technology transfers if it buys Boeing's F/A-18 Super Hornet fighter jet to upgrade its air force, visiting US Defence Secretary Leon Panetta said on Wednesday.
Chilean students take to the streets in support of education reform
Tens of thousands of students took to the streets in Chile in support of education reform. Organisers said at least 50.000 marched in the capital Santiago on Wednesday, with police saying 25.000 attended.
Fed prepared to inject more funds to help lower unemployment
Chairman Ben Bernanke on Wednesday said US monetary policy was “more or less in the right place” even though the central bank would not hesitate to launch another round of bond purchases if the economy were to weaken.
Cristina Fernandez and “The elixir of populism”, by Brazil’s leading magazine
As usual the Argentine people will suffer the most, victims of a “cheap nationalism” seduction inspired in the “Venezuela process”, says the latest edition of Veja, Brazil’s weekly magazine with the largest circulation, in an article dedicated to the seizure of YPF from Repsol.
Port of Montevideo invests heavily in infrastructure for the cruise industry
Uruguay has began works in the extension of a pier in the port of Montevideo to cater the cruise industry which should be ready for the next season 2012/13 when the country will also become a hub for the exchange of passengers.
Argentina warns Falklands’ oil companies of May 2 deadline when legal actions begin
Argentina once again warned oil companies considered by the Government to be “illegally operating” in the Falklands/Malvinas Islands, and reiterated it will press charges against them unless they justify their actions before next Wednesday, May 2.
YPF dispute has meant a “disruption of trust” between the EU and Mercosur
European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned on Wednesday that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51% of YPF shares, owned by Spanish oil company Repsol.
Repsol’s numbers are ‘false’ and caused ‘great damage’ to the Argentine economy
Three Argentine ministers denied as “false” that YPF, under control of Spain’s Repsol had invested more than 20 billion dollars in the company since 1999, arguing the fall in Argentine oil and gas production and reserves is clear evidence of that.
