
China National Offshore Oil Corporation, CNOOC, could prove to be the solution for the ongoing clash between the Argentine government and Spain’s Repsol which holds a majority stake in YPG, Argentina’s main oil and gas company.

The escalade between the Argentine government and the oil companies seems to have cooled off for a few hours on Tuesday following a meeting of Planning Minister Julio De Vido with top officials from Petrobras Argentina, and which was described as ‘productive’.

In the first quarter of this year, 1.2 million foreign tourists arrived in Chile, which represents a 14% increase over the same period a year ago, reported the Under Secretary of Tourism Jacqueline Plass.

The UK is seeking repayment of a loan granted to Argentina in 1979 which was invested in military procurement some of which was used during the Falkland Islands conflict.

Drought in major soybean producers Brazil and Argentina cut their production more deeply than expected the US government said on Tuesday in a report that drove prices to near their highest since 2008.

British oil giant BP will not be involved in exploration or production activities in the Falkland Islands, according to the Argentine Foreign Affairs ministry which just a few days ago sent threatening letters to oil industry and financial corporations which could be working or assessing in the disputed South Atlantic waters.

The Argentine government said that the Malvinas Islands sovereignty claim is “not political opportunism” or geared “to remove other issues from the country’s political agenda” and is coherent with the political and ideological thinking of both Presidents Cristina Fernandez and her late husband and former president Nestor Kirchner.

Fidel Castro accuses Canadian Prime Minister Stephen Harper of suffering from illusions and says Canada should take a stand in the Falkland Islands dispute in a rambling new essay that lashes out against Cuba’s exclusion from a coming Organization of American States summit.

Argentina and Uruguay presidents Cristina Fernandez and Jose Mujica agreed Monday evening to discuss their trade differences in the framework of Mercosur and promote “positive discrimination” measures for Uruguayan exports to help compensate the restrictions imported to all imports by the Argentine government.

Repsol's chairman Antonio Brufau has asked for a meeting with officials from the Argentine government, which investors fear could seize control of the Spanish oil major's unit in Argentina, YPF.