Stories for March 1st 2012

Thursday, March 1st 2012 - 23:11 UTC
Argentina and Spain agree to a working group to help resolve YPF ‘differences’

Spain and Argentina formed a working group to resolve their “differences” over YPF, the Argentine oil company majority-owned by Madrid-based Repsol-YPF, Industry Minister Jose Manuel Soria said.
Thursday, March 1st 2012 - 22:48 UTC
UK expects Argentina to honour accords and refers any flights’ discussions to the Falklands’ government

The UK expects Argentina to honour its commitments under the 1999 agreement allowing for flights to the Falkland Islands from Chile and insisted that any discussions on flights were a matter for the Falkland Islands government.
Thursday, March 1st 2012 - 22:38 UTC
Argentina wants to review 1999 accord with Aerolineas direct flights Buenos Aires/Falklands

President Cristina Fernandez said Argentina will seek to re-negotiate the 1999 accord with the UK which allows for a weekly flight connecting the Falklands Islands and Chile, and replace it with three schedules a week but from Buenos Aires and in the country’s flag carrier, Aerolineas Argentinas.
Thursday, March 1st 2012 - 05:05 UTC
The US job market remains “far from normal” admits Bernanke before Congress

An uneven US economic recovery will have to pick up in order to quickly bring down an unacceptably high jobless rate, Federal Reserve Chairman Ben Bernanke said on Wednesday.
Thursday, March 1st 2012 - 04:48 UTC
Argentina escalates trade brawl with UK: suggests EU-Unasur analyze Malvinas dispute

The Argentine Foreign Ministry suggested in an official Wednesday release that “the EU and the Union of South American nations (UNASUR) analyze the Malvinas islands conflict and urge both countries (UK and Argentina) to negotiate”.
Thursday, March 1st 2012 - 04:45 UTC
Argentine government delays ‘lapidary’ report on the trains’ system

With its strategic majority in Argentina’s National Auditing Office, AGN, the government of President Cristina Fernandez delegates managed to delay for two days a most critical report on the situation of the country’s train system and particularly the Sarmiento line involved in an accident which killed 51 passengers and injured 703.
Thursday, March 1st 2012 - 04:39 UTC
Union leader defies Cristina Fernandez: Moyano fears nobody and only bends before God

The head of Argentina’s organized labour confederation, CGT, Hugo Moyano, asked the Government of President Cristina Fernandez to say whether they are going to accept their demands included in the collective bargaining talks or not, after warning that he “fears nobody” and that he only “bends before God.”
Thursday, March 1st 2012 - 04:34 UTC
Argentine government preparing legal framework to grab YPF from Spain’s Repsol

The government of President Cristina Fernandez is preparing the legal framework to take control of Spain’s Repsol-YPF subsidiary in Argentina which it has accused of not investing sufficiently and has triggered a round of discussions with the Spanish corporation’s top official, reports the Buenos Aires media.
Thursday, March 1st 2012 - 04:29 UTC
Bernanke praises Euro-zone measures, but “critical fiscal and financial challenges remain”

Testifying Wednesday before the US House Committee on Financial Services, Federal Reserve Chairman Ben Bernanke said that 'critical fiscal and financial challenges remain for the Euro zone.'
Thursday, March 1st 2012 - 04:25 UTC
UK became in 2011 a net exporter of lamb with excellent prospects for expansion

UK has become a net exporter of lamb, according to new figures published by EBLEX and reported by Meat Trade News Daily. The figures show that in 2011 sheep meat exports from the UK saw an 11% increase on the year, totalling 98.500 tonnes product weight.