Argentina

Monday, April 23rd 2012 - 09:33 UTC
YPF seizure approved by 62% of Argentines, according to opinion poll

The recent decision by President Cristina Fernandez to seize a majority stake in YPF from Spain’s Repsol has the approval of 62% of Argentines, while 23% disagree according to a public opinion poll from Poliarquía published in the Sunday edition of La Nacion.
Monday, April 23rd 2012 - 09:28 UTC
Washington Post suggests replacing Argentina with Chile at the G20

As has happened with other leading world opinion makers such as the Financial Times and The Wall Street Journal, that have condemned the seizure by the administration of President Cristina Fernandez of a majority share in the Spanish Repsol owned YPF, The Washington Post has also been extremely critical of the Argentine leader.
Monday, April 23rd 2012 - 09:21 UTC
Brazil helped Soviet support operation for Argentina during the Falklands conflict

Brazil collaborated during the 1982 Falkland Islands conflict in an operation mounted by the Soviets to supply Argentina with spares, arms, munitions and other requirements according to the Rio do Janeiro newspaper O’Globo based on disclosed documents from the National Security Council and the Ministry of Foreign Affairs.
Sunday, April 22nd 2012 - 23:42 UTC
Argentina February economic activity expands 5.2%, but surprises ahead for industry

Argentina's economy grew at an annual rate of 5.2% in February according to the country’s stats office Indec monthly economic activity report Emae, reflecting good performances in construction and manufacturing. But prospects for the industrial sector could have some surprises.
The Emae indicator rose 0.3% in seasonally adjusted terms from January, Indec added.
Sunday, April 22nd 2012 - 23:06 UTC
G77 plus China present Argentina with the Malvinas statement denied by the Americas Summit

Representatives from the Group of 77 plus China meeting in Doha, Qatar approved a statement calling on the UK to resume negotiations with Argentina regarding the sovereignty of the Malvinas question, according to a release from the Argentine Foreign Ministry.
Sunday, April 22nd 2012 - 23:01 UTC
Argentine seizure of YPF will be addressed at the June G20 meeting in Mexico

The Argentine government decision to nationalize Spain’s Repsol owned YPF will be discussed in June in Los Cabos, Mexico, during the G-20 summit.
Sunday, April 22nd 2012 - 22:54 UTC
Foreign Office sends letter of support to companies active in Falklands threatened by Argentina

The British government, in a move designed to ease concern among the investment community about the Argentine legal threats, has written to some 15 banks and oil exploration companies operating in the region, reports the Daily Telegraph.
Saturday, April 21st 2012 - 07:36 UTC
Fitch warns Argentina on “growing diplomatic isolation” and “investment shortages”

In an article posted on the Fitch Wire credit market commentary page the rating agency slammed Argentina for its government’s decision to seize a majority stake in YPF from Spain’s Repsol as announced by President Cristina Fernández de Kirchner on Monday.
Saturday, April 21st 2012 - 07:13 UTC
EU parliament deplores YPF seizure; calls for an end to Argentina trade preferences

The European parliament ‘deplored’ the Argentine government decision to expropriate a majority control in the YPF hydrocarbons corporation - which is owned by Spanish energy company Repsol- and called for the suspension of Argentina's tariff concessions under Europe's so-called generalised system of preferences (GSP). In a resolution, the House also urges Argentina to ”return to the path of dialogue and negotiation”.
Saturday, April 21st 2012 - 06:44 UTC
Petrobras promises to expand and increase investments in Argentina

Brazil’s President Dilma Rousseff following a meeting with an Argentine delegation from the energy sector ratified her country’s decision to “strengthen the investment and the presence of the oil company, Petrobras, in Argentina”.