Stories for April 21st 2012

Saturday, April 21st 2012 - 03:56 UTC
IMF says YPF dispute is a “bilateral affair” and decision of “a sovereign nation”

Argentina managed a first point in the diplomatic dispute with Spain over the nationalization of YPF when the IMF decided to call the conflict a “bilateral affair” and “a decision of a sovereign nation”.
Saturday, April 21st 2012 - 03:51 UTC
Brazil will continue to intervene in support of industry and depressing its currency

Brazilian Finance minister Guido Mantega said on Friday that IMF Managing Director Christine Lagarde makes a mistake in recommending emerging countries not to intervene in the money exchange markets to counter the strong devaluation of currencies from the rich countries.

IMF says YPF dispute is a “bilateral affair” and decision of “a sovereign nation”