Argentina

• Wednesday, April 18th 2012 - 22:56 UTC

  EC and Italy call on Argentina to fulfil its international commitments

  

  European Commission Vice President Antonio Tajani addressed Argentina's plan to expropriate 51% of the 57.43% share-package Spanish ran Oil Company Repsol owns, during a speech at the European Parliament on Wednesday. From Rome Italy also voiced its concern with events regarding YPF and trade restrictions.

• Wednesday, April 18th 2012 - 22:49 UTC

  Repsol shares plunge 32.7% in Wall Street after three days of trading suspension

  

  Shares of Argentina’s biggest energy company Repsol-YPF plunged 32.7% on Wednesday in Wall Street after transactions resumed following three days of suspension.

• Wednesday, April 18th 2012 - 22:44 UTC

  Colombia protests before WTO Argentina’s trade restrictions

  

  Colombia has sent a letter to the World Trade Organization protesting Argentina's import restrictions on its products, the government announced Wednesday.

• Wednesday, April 18th 2012 - 22:34 UTC

  Brazil feels YPF dispute will not interfere with Petrobras operations in Argentina

  

  Brazil’s Mines and Energy minister Edison Lobao discarded that operations of Petrobras in Argentina could be affected by the decision from the administration of President Cristina Fernandez to expropriate YPF from Spain’s Repsol.

• Wednesday, April 18th 2012 - 22:22 UTC

  Uruguay’s Mujica supports Argentina in the YPF dispute, but opposition blasts the president

  

  Uruguayan president Jose Mujica expressed solidarity with the Argentine government decision to nationalize the oil company YPF belonging to Spain’s Repsol and said he does not like the “arrogance of rich Europe”. His position however was strongly criticized by the opposition.

• Wednesday, April 18th 2012 - 18:47 UTC

  HMS Plymouth where the Argentine surrendered South Georgia in 1982, to be scrapped

  

  The Royal Navy warship which hosted the Argentine surrender of South Georgia in 1982 is to be scrapped despite an intensive campaign to save it from extinction, reports the UK media.

• Wednesday, April 18th 2012 - 08:34 UTC

  Brufau said Repsol will demand a compensation of 10 billion dollars

  

  Repsol’s Chairman Antonio Brufau said the Spain-based group will demand to Argentina a compensation of 10 billion dollars after President Cristina Fernández decided to nationalize the energy giant. Likewise, Brufau accused the Argentine government of “having distorted information” on regards the company’s production during Monday’s presentation.

• Wednesday, April 18th 2012 - 08:30 UTC

  Debts and environmental cleanup to subtracted from YPF compensation says Argentina

  

  Argentina accused Spain's Repsol oil company on Tuesday of hiding the true value of its Argentine YPF unit and said a thorough review of its books after seizing control of its offices will affect the compensation paid to its shareholders.

• Wednesday, April 18th 2012 - 08:26 UTC

  Fitch places Repsol on Rating Watch Negative following the YPF takeover operation

  

  Fitch Ratings has placed Repsol YPF, SA's ratings on Rating Watch Negative (RWN) following news that YPF takeover has been set in motion by the Argentine government.

• Wednesday, April 18th 2012 - 08:15 UTC

  “Argentina has just shot itself in the foot” warns Spain Foreign minister

  

  Spain’s Foreign Minister José Manuel García-Margallo warned on Tuesday that “Argentina has just shot itself in the foot” as the expropriation of YPF oil and gas company might lead to “a break- up with both Spain and the international community.”