Mercosur agreed at the Mendoza summit to exchange information on ships and other “naval artefacts” involved in hydrocarbons activities with routes that include the Falklands/Malvinas Islands over which Argentina claims sovereignty.
Unasur, Union of South American nations on Friday suspended Paraguay from the group following the ouster of the country's former president, Fernando Lugo. The decision was adopted at an extraordinary meeting in Mendoza, Argentina where earlier in the day Mercosur members adopted a similar measure.
The nationalization of YPF, seized from Spain’s Repsol by Argentine president Cristina Fernandez is again a source of controversy following the disclosure by an investigative journalist that the Spanish oil corporation in 2003 helped finance the presidential election of Nestor Kirchner as well as the other candidate in the run-off, Carlos Menem.
Argentine seized YPF energy company informed on Friday that its American Depositary Shares (ADS) were listed back in to trade in New York after being de-listed for almost two months for not complying with auditory regulations.
President Federico Franco announced in a press conference that if Paraguay is suspended from Mercosur the country will feel free to look for other trade agreements and international relations.
Mercosur Secretary General Samuel Pinheiro Guimaraes resigned to his post in the midst of the Mendoza summit following a strong exchange with the group of Foreign Ministers, indicated reports from Buenos Aires.
Argentina's government is sticking to its 5.1% growth forecast for 2012 enshrined in the budget, Economy Minister Hernan Lorenzino said on Thursday, despite recent data that shows a sharp deceleration.
The Falkland Islands government announced on Thursday it is content to hold preliminary talks with Argentina on air links and fisheries cooperation as was proposed by Argentine ambassador Alicia Castro to the Foreign Office last April 23, given certain clarifications.
Argentine president Cristina Fernandez said on Wednesday that in an uncertain global scenario the priority of her administration was to ensure jobs and called on all sectors to unite in the defence of the political and economic model implemented since 2003.
Argentina’s chief of the powerful CGT Labour Confederation Hugo Moyano blasted President Cristina Fernandez and her government during a massive rally Wednesday in the heart of Buenos Aires at the highly symbolic Plaza de Mayo.