Argentina

• Monday, July 2nd 2012 - 01:00 UTC

  “Argentina will be responsible for the end of Mercosur” claims top Brazilian businessman

  

  Brazilian businessman Rubens Barbosa, head of the foreign trade council of the Sao Paolo Federation of businessmen said on Sunday that in the last six months, the Argentine presidency of the bloc implemented measures that practically killed the Mercosur.
  “Argentina will be responsible for the end of Mercosur,” he predicted.

• Saturday, June 30th 2012 - 05:39 UTC

  Mercosur doubles list of goods that can have tariffs raised unilaterally 35% by each member

  

  Mercosur rejected an Argentine proposal to raise imports tariffs on all goods from outer zone to protect local industries, but accepted Brazil’s initiative to raise tariffs unilaterally on 200 goods, up from 100 agreed last December.

• Saturday, June 30th 2012 - 05:05 UTC

  Mercosur agrees info exchange on hydrocarbons naval traffic to the Falklands

  

  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.

• Saturday, June 30th 2012 - 04:45 UTC

  Unasur suspends Paraguay; names Peru at the group’s pro-tempore presidency

  

  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.

• Saturday, June 30th 2012 - 04:17 UTC

  Repsol donated a million dollars to the campaign of President Kirchner in 2003

  

  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.

• Saturday, June 30th 2012 - 03:59 UTC

  YPF stock trades normally at NYSE after complying with requirements

  

  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.

• Saturday, June 30th 2012 - 03:52 UTC

  Mercosur ‘suspended’ Paraguay feels free to establish trade links with other countries

  

  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.

• Saturday, June 30th 2012 - 03:43 UTC

  Mercosur Secretary General resigns and walks out from the Mendoza summit

  

  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.

• Friday, June 29th 2012 - 05:21 UTC

  Argentina insists with 5.1% growth forecast for 2012 despite signs to the contrary

  

  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.

• Thursday, June 28th 2012 - 20:40 UTC

  Falklands’ government accepts content to discuss air links and fisheries with Argentina

  

  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.