Stories for April 2012

Tuesday, April 17th 2012 - 03:12 UTC
EC supports Spain and warns YPF expropriation can seriously damage business climate

The European Community strongly supported Spain and oil corporation Repsol saying that the expropriation by Argentina of YPF is “a very negative signal” for investors and could seriously damage the business climate of the country.
Tuesday, April 17th 2012 - 03:07 UTC
Colombia reaps from the summit: free trade agreement with US becomes effective in May

The US-Colombia free trade agreement will enter into force next month, far earlier than expected, as a result of what the Obama administration called “historic” progress for Colombian worker protections and human rights.
Tuesday, April 17th 2012 - 03:03 UTC
YPF takeover: “Dreadful decision for Spain, for Argentina and terrible for legal security”

The Spanish government condemned Argentina’s announcement over the expropriation of YPF, calling it a “discriminatory” and “arbitrary” decision, and stated that it will adopt any measures deemed necessary to defend the interests of Repsol and every other Spanish company.
Tuesday, April 17th 2012 - 00:28 UTC
US candidate Dr. Kim chosen World Bank president; takes office next July

US nominee Jim Yong Kim has been chosen as the new president of the World Bank. The Korean-American health expert, president of Dartmouth College faced a strong challenge for the post, which has traditionally gone to an American, from Nigerian Finance Minister Ngozi Okonjo-Iweala.
Tuesday, April 17th 2012 - 00:24 UTC
“Corruption the greatest threat” to the ruling party admits China’s Wen Jiabao

An influential Chinese journal has reprinted comments from China's premier calling for tougher anti-corruption rules, as a political scandal deepens. Wen Jiabao said corruption was the greatest threat to the ruling party
Monday, April 16th 2012 - 21:48 UTC
Argentina sends bill to takeover control of YPF from Spain’s Repsol

Argentine President Cristina Fernández de Kirchner sent to Congress a draft bill to expropriate Spain’s Repsol’s holdings of YPF oil and gas company. The announcement was made on Monday at the Government House during a sudden meeting with officials, political leaders, unionists and businessmen.
Monday, April 16th 2012 - 06:54 UTC
Americas’ summit ends divided with no final declaration on the Cuban issue

Unprecedented Latin American opposition to US sanctions on Cuba left President Barack Obama isolated at a summit on Sunday and illustrated Washington's challenged influence in a region being aggressively courted by China.
Monday, April 16th 2012 - 06:52 UTC
Obama insists Cuba must change and move to democracy

President Barack Obama pressed on US policy toward Cuba by other leaders from the Americas, on Sunday voiced hope for a transition to democracy in the region's only one-party system state.
Monday, April 16th 2012 - 06:49 UTC
Timerman says summit left “a very positive balance” for Argentina

Foreign Minister Héctor Timerman indicated that Argentina’s participation in the 6th Summit of the Americas “left a very positive balance,” and stressed on the importance of the bilateral meeting between President Cristina Fernández and US president Barack Obama.
Monday, April 16th 2012 - 06:02 UTC
Uruguay became prisoner of Argentina, when it rejected a free trade accord with the US

Uruguay has fallen prisoner of Mercosur and Argentina because it did not sign the free trade agreement with the United States which was offered to the country in the previous government of Tabare Vazquez, said two-times President Julio Maria Sanguinetti.