Stories for November 20th 2012

Tuesday, November 20th 2012 - 19:05 UTC

Falklands claims UN Decolonization chair is not acting with impartiality

Cristina Fernandez, first time a president sits at the C24 meeting in New York

The Falkland Islands government complained on Tuesday that the Chairman of the UN Decolonization Committee, Ambassador Diego Morejón Pazmiño is not acting with the impartiality that his role demands and revealed a letter, which remains unanswered, inviting the ambassador to visit the Falklands matching his informative trip to Argentina on the sovereignty of the Islands dispute.

Tuesday, November 20th 2012 - 06:33 UTC

Major national strike in Argentina with pickets to implement the measure

CGT leader Hugo Moyano anticipates a very strong, effective strike

Argentina’s three main organized labour groupings, and in opposition to Argentine president Cristina Fernandez, have called for a national strike on Tuesday which counts with the support of several tens of camp and city organizations plus hundreds of pickets in the main cities ‘to ensure there is no activity’.

Tuesday, November 20th 2012 - 01:40 UTC

Uruguay admits inflation is “decisively much higher” than expected

Central bank president Mario Bergara: “inflation is the priority”

Inflation is a priority and is “decisively much higher than what authorities and public opinion would like” admitted Mario Bergara, Uruguay’s Central bank president during the opening on Monday of a two-day annual economic conference.

Tuesday, November 20th 2012 - 01:36 UTC

Repsol presses charges against Chevron for making business with nationalized YPF

YPF is having trouble attracting foreign investors and its market value has collapsed

Spanish oil company Repsol has pressed charges against Chevron over “disloyal competition”, after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced.

Tuesday, November 20th 2012 - 00:51 UTC

Peruvian ambassador expected to return to Paraguay in near future

Peruvian president Ollanta Humala, close friend of Brazil but not an ally

Another gap is anticipated in the diplomatic isolation ring imposed on Paraguay by Unasur and Mercosur, when as happened with Chile and Colombia, the Peruvian ambassador also returns to his post in Asuncion after several months of consultations in Lima.

Tuesday, November 20th 2012 - 00:46 UTC

Repsol wants fair compensation from Argentina; will appeal to all legal resources

“They must compensate us for that which belonged to us” says Repsol CEO Brufau

Repsol Chairman Antonio Brufau has expressed his determination to reach a solution on compensation for the nationalisation of its shares in YPF, and says that he is willing to take the matter to an international court level to ensure a fair amount is paid.

Tuesday, November 20th 2012 - 00:02 UTC

Argentina “will not enter in default” and will honour all re-scheduled bonds

Lorenzino accuses speculators are betting Argentina will default on its obligations

“The only possibility” Argentina contemplates regarding its debt is “to honour all payments” of creditors that entered debt swaps after the sovereign default of 2001, said Economy minister Hernan Lorenzino who underlined that Argentina “cannot and will not enter in default”.

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