MercoPress. South Atlantic News Agency
Stories for April 19th 2012
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Thursday, April 19th 2012 - 05:53 UTC
Senate leader announces Argentina will also seize YPF natural-gas branch
Argentina will seize natural-gas producer YPF Gas SA as part of plans to boost control of its natural resources and increase production, two days after seizing oil producer YPF SA.
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Thursday, April 19th 2012 - 05:18 UTC
Falklands’ dispute controversy reaches The Washington Post
The Falkland Islands sovereignty dispute has reached the US capital triggering an interesting exchange in the Washington Post, involving the newspaper and the ambassadors from Argentina and the UK.
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Thursday, April 19th 2012 - 05:10 UTC
US “very concerned” about effects of YPF nationalization; Argentina’s risk soars to 1.044
The US government finally broke silence regarding the YPF controversy and expressed “deep concern’ over the expropriation plans. A State Department spokesman said on Wednesday the plans “could have an adverse effect on the Argentine economy.”
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Thursday, April 19th 2012 - 05:08 UTC
YPF nationalization allegedly killed Repsol’s Chinese option to leave Argentina
China's state-owned Petrochemical Corp (Sinopec) spokesman Huang Wensheng came on stage to play down rumours indicating that Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, has spoiled years of planning by Sinopec to buy the energy giant.
“We don't comment on market rumours,” Wensheng said. -
Thursday, April 19th 2012 - 04:59 UTC
Brazil lowers basic rate to 9%, sixth straight reduction and more could come
Brazil lowered its benchmark interest rate to a near-historic low of 9% on Wednesday, as expected, but the central bank surprised with hints that more cuts may follow to revive Latin America's largest economy.
