Argentina

• Thursday, April 26th 2012 - 21:33 UTC

  Argentine Lower House discusses YPF bill; CFK should stamp it into law next week

  

  Committees of Argentina’s Lower House of Congress began a plenary session on Thursday in order to clear the YPF expropriation bill for debate, which was approved early morning by the Senate.

• Thursday, April 26th 2012 - 03:11 UTC

  Cristina Fernandez and “The elixir of populism”, by Brazil’s leading magazine

  

  As usual the Argentine people will suffer the most, victims of a “cheap nationalism” seduction inspired in the “Venezuela process”, says the latest edition of Veja, Brazil’s weekly magazine with the largest circulation, in an article dedicated to the seizure of YPF from Repsol.

• Thursday, April 26th 2012 - 01:33 UTC

  Argentina warns Falklands’ oil companies of May 2 deadline when legal actions begin

  

  Argentina once again warned oil companies considered by the Government to be “illegally operating” in the Falklands/Malvinas Islands, and reiterated it will press charges against them unless they justify their actions before next Wednesday, May 2.

• Thursday, April 26th 2012 - 01:23 UTC

  YPF dispute has meant a “disruption of trust” between the EU and Mercosur

  

  European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned on Wednesday that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51% of YPF shares, owned by Spanish oil company Repsol.

• Thursday, April 26th 2012 - 01:21 UTC

  Repsol’s numbers are ‘false’ and caused ‘great damage’ to the Argentine economy

  

  Three Argentine ministers denied as “false” that YPF, under control of Spain’s Repsol had invested more than 20 billion dollars in the company since 1999, arguing the fall in Argentine oil and gas production and reserves is clear evidence of that.

• Wednesday, April 25th 2012 - 23:37 UTC

  Malvinas families divided over identifying remains at the Falklands’ Argentine cemetery

  

  The Malvinas families’ commission regrets they have not been consulted on the Argentine government’s request for international help to identify the remains of the ‘unknown soldiers’ buried at the Argentine cemetery in the Falkland Islands.

• Wednesday, April 25th 2012 - 21:14 UTC

  Falklands’ lawmaker rejects Argentine proposal for direct air-link with Buenos Aires

  

  Falkland Islands lawmaker Sharon Halford rejected the Argentine proposal of direct flights from Buenos Aires to the Islands saying that “they are not needed” and expressed surprise at the double standard of President Cristina Fernandez administration.

• Wednesday, April 25th 2012 - 07:02 UTC

  Argentina must take control of its natural resources, insists Cristina Fernandez

  

  Argentine President Cristina Fernández vindicated her decision to expropriate YPF, assuring that her Government “remains convinced that all Argentines should be in control of the country’s natural resources.”

• Wednesday, April 25th 2012 - 06:55 UTC

  One of Argentina’s main textile groups prepares to abandon the Stock exchange

  

  One of Argentina’s main textile and shoe wear companies, Alpargatas belonging to the powerful Brazilian Camargo Correa group has begun the process to abandon the Buenos Aires stock exchange.

• Wednesday, April 25th 2012 - 06:21 UTC

  Uruguay and Argentina reach agreement on tax information exchange

  

  Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday.