Repsol-YPF CEO Antonio Brufau and Enrique Eskenazi, Chairman of the Petersen Group, signed Wednesday a binding memorandum of agreement for the acquisition by the Argentine business group of 14.9% of YPF capital stock, according to a release from Repsol.
Mining giant Rio Tinto continued to defend itself against an unsolicited offer from larger rival BHP Billiton on Thursday, saying it had greater potential as a standalone company while rumors of possible Chinese offers re-emerged.
Brazilian authorities said they were awaiting notification from Italy on arrest warrants for suspects in the coordinated repression campaign during South America's dictatorship era, but also anticipated that Brazilian citizens could not be extradited for trial abroad.
Boosted by bull-market prices for commodities, record crops and a surge in industrial shipments Argentina's exports in the first eleven months of 2007 equaled the whole of 2006 and for the first time ever crossed the 50 billion US dollars benchmark.
A Tierra del Fuego sheep farmer has been banned by Chilean sanitary authorities from selling lambs and mutton to the European Union for having violated a self regulated sanitary and flock management program, reports Punta Arenas, La Prensa Austral.
Argentine Central Bank President Martin Redrado announced Wednesday before the Senate that the country's economy will grow 7.2% next year, with inflation averaging between 7 and 11% and exports above 60 billions US dollars.
China's Yuan has soared against the US dollar in its biggest post-revaluation daily rise after the central bank signaled a shift in its policy. The Chinese central bank encouraged the jump by setting a very strong daily reference rate or mid-point of 7.3079.
Chile now ranks 27th worldwide with a life expectancy of 78.3 years, according to a U.N. report on average ages in 177 countries. The figure represents a four-year increase since 2000. Chile has also moved past the United States, which fell to number 29 with an average life expectancy of 77.9.
A huge oil spill has washed to the shore north of Comodoro Rivadavia in Argentine Patagonia, threatening the rich marine life in the area according to reports from the Argentine press.
The assassination on Thursday of Pakistan's former Prime Minister Benazir Bhutto has sent stock markets falling and boosted prices for oil and gold. The main index on the New York Stock Exchange fell 192 points or 1.4% while prices of government bonds rose.