Argentina
ArgentinaRepsol board approves the YPF compensation deal worked out with Argentina
Spanish oil major Repsol's board approved on Tuesday in Madrid a definitive 5 billion dollars settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation.
Ambassador Castro supports democratic Maduro and blames a “ferocious media attack”
The Argentine ambassador to the United Kingdom, Alicia Castro, openly revealed her support for Venezuelan president Nicolás Maduro as protests in the nation continued, while criticizing what she saw as a “ferocious media attack” carried out by opponents of the head of state.
US embassy support for Argentina's move to orthodox economics
The US embassy's business adviser in Buenos Aires, Kevin Sullivan, has welcomed negotiations between the Argentine government and Spanish corporation Repsol over the expropriation of YPF, as well as further talks with the Paris Club over the payment of outstanding debt commitments.
Cristina Fernandez ratifies solidarity with Venezuela: opposition should wait for next elections
In a rally at the Buenos Aires province town of Florencio Varela, President Cristina Fernandez ratified Argentina’s “solidarity” with the Venezuelan government of President Nicolas Maduro, as the fifth Mercosur full member continues to be caught up in a wave of violent protests that have claimed the lives of 6 so far.
Argentina's trade balance during January drops to a minimum of 35 million dollars
Argentina’s balance of trade in January unveiled a small surplus of 35 million dollars, which represents a decrease of 88% comparing the same period in 2013. According to the government stats office, Indec, exports reached 5,3 billion dollars, a retraction of 8%, compared to the same month last year, while imports hit 5.1 billion, a downfall equal 4%, compared to January 2013.
Argentine economy expanded 4.9% last year, according to government data
The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.
YPF and Repsol are expected to sign a compensation deal next week
Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.
South Georgia research vessels' season: three were active in January plus HMS Protector
Several research vessels coincided in South Georgia Island during the month of January plus HMS Protector involved in extensive surveying of South Sandwich Island for the UK Hydrographic Office, reports the latest edition of the South Georgia newsletter.
Argentine restructured bondholders appeal to the US Supreme Court
A group of bondholders that entered the restructuring of Argentine debt in 2005 and 2010 have presented their own appeal before the United States Supreme Court, in the case involving the so-called holdout hedge funds. The petition, made public on Thursday, mirrors a similar appeal carried out on Tuesday by the Argentine government.
Argentina and Brazil fearful Venezuelan crowds in the streets could be contagious
The current political crisis in Venezuela is rattling regional organizations, has two of the leading countries fearful of the crowds in the streets, while Latin American left wing populism believes there is a concerted right wing effort to destabilize the governments of Venezuela and Argentina, according to Argentine political analyst Rosendo Fraga.
