Argentina

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”.
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.