Stories for May 2012

Wednesday, May 16th 2012 - 21:34 UTC
Indian oil and gas company desists from Falklands’ exploration partnership

After having to abandon its oil and gas assets quest in Vietnam off the South China Sea India has asked ONGC Videsh Limited (OVL) not to go ahead with its acquisition of hydrocarbon assets located in deep water in Falkland Islands
Wednesday, May 16th 2012 - 21:14 UTC
Rousseff empowers Truth commission to look into the past without hatred or vengeance

In a solemn ceremony Brazilian President Dilma Rousseff has sworn in the seven members of a Truth commission created to look into human rights abuses committed during the nation’s long dictatorship.
Wednesday, May 16th 2012 - 06:51 UTC
“I’m predictable, no shocks” says CFK after Tuesday’s mini run on the US dollar

After a day of intense trading in the ‘blue’ (informal) market for US dollars which reached a new high of 5.50 Pesos, Argentine President Cristina Fernández assured on Tuesday evening that there will be no economic ‘shocks’ or a ‘system of multiple exchange rates’ as “has been rumoured during the whole day”.
Wednesday, May 16th 2012 - 06:13 UTC
Serious Uruguay/Argentina clash over the long delayed dredging of a River Plate canal

Uruguay called on Argentina to begin the price bidding process for the delayed dredging of a River Plate canal and revealed it was already monitoring the Uruguayan side of a joint commission responsible for deciding on the final contract and which has come under suspicion of corruption.
Wednesday, May 16th 2012 - 06:01 UTC
Argentina insists before Red Cross on identifying remains of combatants buried in the Falklands

Vice President Amado Boudou called for a ‘concrete reply’ to Argentina’s request for the International Red Cross to collaborate with the identification of the combatants fallen during the Falkland Islands conflict in 1982 and whose remains are buried at the cemetery in Darwin.
Wednesday, May 16th 2012 - 04:01 UTC
Merkollande admit differences but call for unity and growth in the Euro zone

Despite their differences over how to drag Europe out of its current economic swamp, German and French leaders pledged to join efforts in reinvigorating growth in the continent during their first meeting on Tuesday.
Wednesday, May 16th 2012 - 03:17 UTC
US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday

The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.
Wednesday, May 16th 2012 - 01:33 UTC
Repsol sues Argentina over YPF in NY court and also takes the case to World Bank arbitration

Repsol YPF SA the large Spanish oil and gas company on Tuesday sued Argentina for seizing control of formerly state-owned energy company YPF SA, in which Repsol held a majority stake.
Wednesday, May 16th 2012 - 01:27 UTC
Brazilian discomfort: ends automatic import licences for Argentine perishables

Brazil this week escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official was quoted by the media.
Wednesday, May 16th 2012 - 01:15 UTC
Colombia/US free trade agreement expected to create 100.000 jobs per year

The long-delayed free-trade deal between Colombia and the United States came into force on Tuesday, a step that should boost the country’s exports and foreign investment, President Juan Manuel Santos said.