Stories for 2012

Thursday, April 26th 2012 - 01:21 UTC
Repsol’s numbers are ‘false’ and caused ‘great damage’ to the Argentine economy

Three Argentine ministers denied as “false” that YPF, under control of Spain’s Repsol had invested more than 20 billion dollars in the company since 1999, arguing the fall in Argentine oil and gas production and reserves is clear evidence of that.
Wednesday, April 25th 2012 - 23:37 UTC
Malvinas families divided over identifying remains at the Falklands’ Argentine cemetery

The Malvinas families’ commission regrets they have not been consulted on the Argentine government’s request for international help to identify the remains of the ‘unknown soldiers’ buried at the Argentine cemetery in the Falkland Islands.
Wednesday, April 25th 2012 - 21:42 UTC
Energy rich Venezuela starts nationwide power rationing program

Venezuelan authorities announced on Tuesday the resumption of nationwide power rationing plans to cope with the imbalance between supply and demand in the National Electricity System (SEN).
Wednesday, April 25th 2012 - 21:35 UTC
High cost and scarcity of electricity threatens Chile’s massive investments in copper industry

The biggest-ever pipeline of copper projects is under threat as Chile, the world's top producer, struggles to contain rising opposition to new power plants.
Wednesday, April 25th 2012 - 21:14 UTC
Falklands’ lawmaker rejects Argentine proposal for direct air-link with Buenos Aires

Falkland Islands lawmaker Sharon Halford rejected the Argentine proposal of direct flights from Buenos Aires to the Islands saying that “they are not needed” and expressed surprise at the double standard of President Cristina Fernandez administration.
Wednesday, April 25th 2012 - 20:34 UTC
Fed repeated promise to leave interest rates on hold until late 2014

The US Federal Reserve on Wednesday repeated its promise to leave interest rates on hold until at least late 2014 but offered few clues into whether it might offer additional stimulus later this year.
Wednesday, April 25th 2012 - 10:21 UTC
Gasoline prices in the US will continue to increase in spite of electoral year

The US government announced it was getting into the commodities game in an effort to protect consumers from some of the geopolitical factors spilling over into the retail gasoline market. OPEC and the IEA both said in their monthly reports that market perceptions were behind higher energy prices, not physical shortages.
Wednesday, April 25th 2012 - 07:02 UTC
Argentina must take control of its natural resources, insists Cristina Fernandez

Argentine President Cristina Fernández vindicated her decision to expropriate YPF, assuring that her Government “remains convinced that all Argentines should be in control of the country’s natural resources.”
Wednesday, April 25th 2012 - 06:58 UTC
Rio do Janeiro admit a dengue epidemic: over 50.000 cases and 12 deaths

The Brazilian ‘marvellous city’ of Rio do Janeiro officially declared it is suffering an epidemics emergency of the mosquito transmitted disease of dengue, following confirmed reports of over 50.000 cases so far this year, and 500 in the last week.
Wednesday, April 25th 2012 - 06:55 UTC
One of Argentina’s main textile groups prepares to abandon the Stock exchange

One of Argentina’s main textile and shoe wear companies, Alpargatas belonging to the powerful Brazilian Camargo Correa group has begun the process to abandon the Buenos Aires stock exchange.