Repsol appointed Deutsche Bank AG to advise it on the compensation pre-settlement it reached with Argentina regarding the seizure of 51% of YPF in April 2012. The arrangement was negotiated in Buenos Aires this week by ministers from Argentina and Spain, Repsol executives, and representatives from the Spanish company’s two largest shareholders, Mexico's Petroleos Mexicanos, Pemex and Barcelona-based CaixaBank SA.
Argentina has again contracted Russian polar vessel “Vasily Golovnin” for the supply of its Antarctica bases and stations this coming summer season. The 24.4 million dollars package also includes ice-breaker 'Dranitsyn' and two heavy load helicopters Kamov KA32 which will making most the hardest work in the extreme south outposts
The British Government will refuse to accept a return to the pre-2006 Cordoba Agreement practice of excluding the Gibraltar airport from EU aviation measures, Minister for Europe David Lidington told Parliament and pledged the inclusion of Gibraltar in all EU aviation legislation.
European Commission (EC) is urging European countries to impose trade sanction on Belize over illegal fishing, while warning Curacao that it may be next. The EC also urged European Union governments to hit Cambodia and Guinea with the sanctions, cautioning South Korea and Ghana that they, too, may be next in line.
Two biannual reports revealed Chile as one of the countries with the worst pension statistics and the highest citizen out-of-pocket expenditure on health among Organization for Economic Cooperation and Development (OECD) nations.
As was anticipated Brazil raised its benchmark interest rate to 10% from 9.5% on Wednesday lifting borrowing costs back to double-digit territory to battle high inflation in Latin America's largest economy.
Brazilian construction giant Odebrecht on Wednesday was awarded a 30-year concession to operate and maintain a stretch of the BR-163 federal highway, a major road in the western state of Mato Grosso, also known as 'soy road' because of the millions of tons of grains and oilseeds that are transported annually.
Attracted by Chile’s positive economic climate a trade mission for North West England will be arriving in Santiago on 2nd-3rd December. The delegation from one of the most dynamic areas of the UK economy has representatives from Covering Cheshire, Lancashire, Cumbria and the cities of Manchester and Liverpool.
The United States pledged support for ally Japan in a growing dispute with China over islands in the East China Sea and senior US administration officials accused Beijing of behavior that had unsettled its neighbors.
Spanish oil group Repsol's board Wednesday backed a draft multi-billion-dollar compensation deal over Argentina's 2012 seizure of the company's YPF subsidiary. The deal seeks to repair the financial hit taken by Repsol when Argentina's President Cristina Fernandez in April 2012 ordered the seizure of Repsol's 51-percent stake in YPF.