Argentina

Saturday, April 21st 2012 - 05:19 UTC
Argentine import restrictions trigger protests from port of Buenos Aires workers

Freight truckers and customs’ brokers’ staff paralyzed the Buenos Aires port five terminals for a second day running to protest restrictions on import trade recently implemented, which has caused a collapse in port activities and thus jobs.
Saturday, April 21st 2012 - 04:03 UTC
Argentina minimizes impact of Spain’s first retaliatory measures

Argentine President Cristina Fernández minimized Spain’s decision to reduce the bio-diesel imports as a retaliation over the expropriation of YPF and called for “calm” after assuring that Argentina “is in condition to absorb” that production in the domestic market.
Saturday, April 21st 2012 - 03:56 UTC
IMF says YPF dispute is a “bilateral affair” and decision of “a sovereign nation”

Argentina managed a first point in the diplomatic dispute with Spain over the nationalization of YPF when the IMF decided to call the conflict a “bilateral affair” and “a decision of a sovereign nation”.
Friday, April 20th 2012 - 04:44 UTC
US fully supports IMF in demanding Argentina submits its stats to IMF for review

The US government considers Argentine is obliged to submit its economic statistics to be validated by the IMF, and Washington will support all efforts from the multilateral organization so that the objective can be achieved.
Friday, April 20th 2012 - 04:25 UTC
Malvinas veterans revisit scenes of war where they were tortured by their officers

In the this 30th anniversary year of the armed conflict between British and Argentine forces it is not surprising that we have seen, and will continue to see, increased numbers of veterans from both sides arriving in the Falkland Islands.
Friday, April 20th 2012 - 00:24 UTC
Cristina Fernandez “not concerned” about international reaction to YPF takeover

The government of President Cristina Fernandez is “not concerned” about the escalade of international criticism following the announced nationalization of the oil company YPF, and rules “thinking in Argentina not in Spain or the US”, said two cabinet members.
Thursday, April 19th 2012 - 21:21 UTC
“President Rajoy, in Colombia we don’t expropriate, we welcome foreign investment”

Colombian president Juan Manuel Santos welcomed Spanish corporations and guaranteed his visiting Spanish peer Mariano Rajoy that in Colombia there will be no surprises because the country follows the rules of the game: “President Rajoy: here we don’t expropriate”.
Thursday, April 19th 2012 - 20:15 UTC
Spain claims US will actively side “to restore a good climate for investment” in Argentina

Spain will discuss a joint response with the United States to Argentina‘s forced nationalization of the YPF oil company, Spanish Foreign Minister Jose Manuel Garcia-Margallo said on Thursday.
Thursday, April 19th 2012 - 20:11 UTC
France’s Total agrees to further increase natural gas production in Argentina

Argentina's government said on Thursday that it had agreed with France's Total to work together to boost natural gas output by 2 million cubic metres per day at two Patagonian fields where YPF – which is being nationalized – also has a stake.
Thursday, April 19th 2012 - 19:38 UTC
World Bank and France criticize Argentina’s “mistake” and international law breach

Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, was strongly criticized by the World Bank president Robert Zoellick and French Foreign Minister Alain Juppé.