Argentina

• Tuesday, November 20th 2012 - 01:36 UTC

  Repsol presses charges against Chevron for making business with nationalized YPF

  

  Spanish oil company Repsol has pressed charges against Chevron over “disloyal competition”, after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced.

• Tuesday, November 20th 2012 - 00:46 UTC

  Repsol wants fair compensation from Argentina; will appeal to all legal resources

  

  Repsol Chairman Antonio Brufau has expressed his determination to reach a solution on compensation for the nationalisation of its shares in YPF, and says that he is willing to take the matter to an international court level to ensure a fair amount is paid.

• Tuesday, November 20th 2012 - 00:02 UTC

  Argentina “will not enter in default” and will honour all re-scheduled bonds

  

  “The only possibility” Argentina contemplates regarding its debt is “to honour all payments” of creditors that entered debt swaps after the sovereign default of 2001, said Economy minister Hernan Lorenzino who underlined that Argentina “cannot and will not enter in default”.

• Saturday, November 17th 2012 - 23:29 UTC

  Argentina in last minute effort argues possible ‘technical default’ before Judge Griesa

  

  Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.

• Saturday, November 17th 2012 - 06:04 UTC

  After dreadful year, great expectations in Argentina with 2012/13 soybean crop

  

  Argentine farmers will increase soy planting by almost 4% following a year of bad global crop weather. In the first soybean area estimate of the 2012/13 season, the Argentine Agriculture Ministry said 19.4 million hectares will be sown in the weeks ahead compared to 18.7 million hectares in 2011/12.

• Saturday, November 17th 2012 - 05:59 UTC

  ARA Libertad case to be discussed by Argentina and Ghana November 29/30

  

  Argentina announced on Friday that the International Tribunal for the Law of the Sea proposed November 29 and 30 as the days to hold the hearings between Argentina and Ghana over the seizure of the ARA Libertad Frigate at Ghana's Tema Port.

• Saturday, November 17th 2012 - 05:53 UTC

  “Technical issues” delaying Argentine Navy vessel departure from South Africa

  

  The Argentine Navy said that repair works in the corvette ARA Espora, which has been stranded in South Africa for over five weeks “are 65% completed” and denied there were any debts pending with the German company that is responsible for the maintenance of the MEKO class corvettes as was reported earlier in the Buenos Aires press.

• Saturday, November 17th 2012 - 05:37 UTC

  Topsy-turvy inflation numbers from Argentina’s official stats office

  

  More bad publicity for Argentina’s official Stats office, Indec: not only are the institution’s releases on inflation taken lightly or ignored by a majority of Argentines and openly questioned by the International Monetary Fund, now the head of the office was caught driving under the influence of alcohol.

• Friday, November 16th 2012 - 06:11 UTC

  Rajoy would have liked Cristina Fernandez to have attended the summit

  

  Spanish President Mariano Rajoy stated that he “would have liked” his Argentine counterpart, President Cristina Fernández to have attended the XXIIth Ibero-American summit, starting Friday in Cádiz.

• Friday, November 16th 2012 - 01:52 UTC

  Africa and Latin America Still Fight Vulture Funds

  

  By Hector Timerman - Foreign Minister Héctor Timerman underlined Argentina’s struggle against paying ‘vulture funds’ in an article written for US newspaper Huffington Post about how Latin American and Africa are affected by these funds.