Argentina

• Tuesday, April 17th 2012 - 07:07 UTC

  Mexico appeals to CFK: nobody in its right mind invests in countries that expropriates

  

  Mexican president Felipe Calderón and G-20 group head, said that Argentina’s plan to seize a majority stake in Repsol’s Argentine branch YPF is “very regrettable” and called on President Cristina Fernandez to reconsider and rectify the decision.

• Tuesday, April 17th 2012 - 06:58 UTC

  Chavez supports nationalization of YPF; offers Venezuela’s experience in the matter

  

  Argentine president Cristina Fernandez received late Monday the first international support for her announced takeover of YPF from the Spanish corporation Repsol: the Venezuelan government and President Hugo Chavez, revealed the Foreign Affairs ministry.

• Tuesday, April 17th 2012 - 03:38 UTC

  US on YPF takeover: ”Having an open competitive market is a preferable model”

  

  US Secretary of State Hillary Clinton said Argentina will have to justify and assume the responsibilities of its decision regarding the YPF dispute between Argentina and Spain, but at the same time defended models that include competition and market access.

• Tuesday, April 17th 2012 - 03:12 UTC

  EC supports Spain and warns YPF expropriation can seriously damage business climate

  

  The European Community strongly supported Spain and oil corporation Repsol saying that the expropriation by Argentina of YPF is “a very negative signal” for investors and could seriously damage the business climate of the country.

• Tuesday, April 17th 2012 - 03:03 UTC

  YPF takeover: “Dreadful decision for Spain, for Argentina and terrible for legal security”

  

  The Spanish government condemned Argentina’s announcement over the expropriation of YPF, calling it a “discriminatory” and “arbitrary” decision, and stated that it will adopt any measures deemed necessary to defend the interests of Repsol and every other Spanish company.

• Monday, April 16th 2012 - 21:48 UTC

  Argentina sends bill to takeover control of YPF from Spain’s Repsol

  

  Argentine President Cristina Fernández de Kirchner sent to Congress a draft bill to expropriate Spain’s Repsol’s holdings of YPF oil and gas company. The announcement was made on Monday at the Government House during a sudden meeting with officials, political leaders, unionists and businessmen.

• Monday, April 16th 2012 - 06:49 UTC

  Timerman says summit left “a very positive balance” for Argentina

  

  Foreign Minister Héctor Timerman indicated that Argentina’s participation in the 6th Summit of the Americas “left a very positive balance,” and stressed on the importance of the bilateral meeting between President Cristina Fernández and US president Barack Obama.

• Monday, April 16th 2012 - 06:02 UTC

  Uruguay became prisoner of Argentina, when it rejected a free trade accord with the US

  

  Uruguay has fallen prisoner of Mercosur and Argentina because it did not sign the free trade agreement with the United States which was offered to the country in the previous government of Tabare Vazquez, said two-times President Julio Maria Sanguinetti.

• Monday, April 16th 2012 - 04:55 UTC

  Obama confirms at the summit US neutrality on the Falklands/Malvinas question

  

  The US will remain on the sidelines in the dispute between the UK and Argentina over the Falkland Islands sovereignty, said President Barack Obama on Sunday at the conclusion of the Summit of the Americas in Colombia.

• Sunday, April 15th 2012 - 21:56 UTC

  YPF dispute in calmer waters: Argentina yields and Repsol CEO calls for dialogue

  

  The CEO from Spain’s main oil corporation Repsol, Antonio Brufau said that there should be no speeches or attempts to impose, but rather more dialogue, in direct reference to the ongoing conflict with the Argentine government over the possible takeover of the YPF branch.