Stories for April 2012

Sunday, April 22nd 2012 - 23:42 UTC
Argentina February economic activity expands 5.2%, but surprises ahead for industry

Argentina's economy grew at an annual rate of 5.2% in February according to the country’s stats office Indec monthly economic activity report Emae, reflecting good performances in construction and manufacturing. But prospects for the industrial sector could have some surprises.
The Emae indicator rose 0.3% in seasonally adjusted terms from January, Indec added.
Sunday, April 22nd 2012 - 23:17 UTC
Record approval for Dilma, but Brazilian voters’ heart is with Lula da Silva

Brazilian President Dilma Rousseff's administration reached a record-high approval rating in April but voters still long for the return of predecessor Lula da Silva, a newspaper reported.
Sunday, April 22nd 2012 - 23:06 UTC
G77 plus China present Argentina with the Malvinas statement denied by the Americas Summit

Representatives from the Group of 77 plus China meeting in Doha, Qatar approved a statement calling on the UK to resume negotiations with Argentina regarding the sovereignty of the Malvinas question, according to a release from the Argentine Foreign Ministry.
Sunday, April 22nd 2012 - 23:01 UTC
Argentine seizure of YPF will be addressed at the June G20 meeting in Mexico

The Argentine government decision to nationalize Spain’s Repsol owned YPF will be discussed in June in Los Cabos, Mexico, during the G-20 summit.
Sunday, April 22nd 2012 - 22:54 UTC
Foreign Office sends letter of support to companies active in Falklands threatened by Argentina

The British government, in a move designed to ease concern among the investment community about the Argentine legal threats, has written to some 15 banks and oil exploration companies operating in the region, reports the Daily Telegraph.
Sunday, April 22nd 2012 - 22:46 UTC
‘Falklands 30 years on’ four days conference at Canterbury University

A four day conference at Canterbury University discussing the Falkland Islands ‘30 years on’, will begin Falklands elected Member of Legislative Assembly Dick Sawle’s visit to the UK.
Sunday, April 22nd 2012 - 22:27 UTC
Falklands’ fisheries: 25 years of success and one of the two best managed in the world

The announcement this week that the catches for the first loligo season for 2012 totaled 34,900 metric tones, equal to more than the entire catch for 2011, coincides with the 25th anniversary of the opening of the Falkland Island fishery.
Saturday, April 21st 2012 - 07:36 UTC
Fitch warns Argentina on “growing diplomatic isolation” and “investment shortages”

In an article posted on the Fitch Wire credit market commentary page the rating agency slammed Argentina for its government’s decision to seize a majority stake in YPF from Spain’s Repsol as announced by President Cristina Fernández de Kirchner on Monday.
Saturday, April 21st 2012 - 07:31 UTC
Astori tells Spanish businesses “Uruguay, an attractive and safe” country for investors

Vice president Danilo Astori currently on a business trip to Spain described Uruguay as an “attractive and safe” country to invest given its macroeconomic solidness, strength of its institutions and stimuli for investors, both domestic and from overseas.
Saturday, April 21st 2012 - 07:25 UTC
Peru gives conditional approval to major controversial mining project

Peruvian President Ollanta Humala said on Friday that US-based Newmont Mining should carry out a more ambitious environmental mitigation plan if it hopes to build its 4.8 billion dollars Conga gold mine project.