Argentina

• Friday, November 29th 2013 - 07:44 UTC

  Mujica questions Argentine trade policies towards Mercosur that “take us back to the sixties”

  

  Uruguayan president Jose Mujica again questioned Argentine president Cristina Fernandez administration trade policies which he said take us back 'to the sixties, when everybody locked in', and in effect deny Mercosur and harm other members.

• Friday, November 29th 2013 - 07:08 UTC

  Falklands oil exploration exposed to jail and fines according to Argentine law

  

  Argentina has threatened oil firms seeking to operate off the Falkland Islands with 15-year jail terms, huge fines and confiscation of assets in a fresh salvo in the dispute with Britain over South Atlantic islands sovereignty. But UK reiterated that Argentine law does not apply to Falklands or British Overseas Territories.

• Thursday, November 28th 2013 - 22:51 UTC

  Repsol contracts Deutsche Bank as advisor for the YPF compensation deal

  

  Repsol appointed Deutsche Bank AG to advise it on the compensation pre-settlement it reached with Argentina regarding the seizure of 51% of YPF in April 2012. The arrangement was negotiated in Buenos Aires this week by ministers from Argentina and Spain, Repsol executives, and representatives from the Spanish company’s two largest shareholders, Mexico's Petroleos Mexicanos, Pemex and Barcelona-based CaixaBank SA.

• Thursday, November 28th 2013 - 22:36 UTC

  Argentina again contracts Russian vessels and choppers for the Antarctic 2013/2014 season

  

  Argentina has again contracted Russian polar vessel “Vasily Golovnin” for the supply of its Antarctica bases and stations this coming summer season. The 24.4 million dollars package also includes ice-breaker 'Dranitsyn' and two heavy load helicopters Kamov KA32 which will making most the hardest work in the extreme south outposts

• Thursday, November 28th 2013 - 11:28 UTC

  North west England trade mission scheduled to visit Chile, Argentina and Brazil

  

  Attracted by Chile’s positive economic climate a trade mission for North West England will be arriving in Santiago on 2nd-3rd December. The delegation from one of the most dynamic areas of the UK economy has representatives from Covering Cheshire, Lancashire, Cumbria and the cities of Manchester and Liverpool.

• Thursday, November 28th 2013 - 11:02 UTC

  Repsol board backs compensation deal offered by Argentina for seized YPF

  

  Spanish oil group Repsol's board Wednesday backed a draft multi-billion-dollar compensation deal over Argentina's 2012 seizure of the company's YPF subsidiary. The deal seeks to repair the financial hit taken by Repsol when Argentina's President Cristina Fernandez in April 2012 ordered the seizure of Repsol's 51-percent stake in YPF.

• Wednesday, November 27th 2013 - 07:00 UTC

  Cristina Fernandez meets top delegation of German chemistry and oil corporation

  

  Argentine president Cristina Fernandez definitively abandoned strict mourning on Tuesday wearing a white blouse and black trousers in her first interview with foreign business people since her return to the job after 45 days of medical leave because of cranium surgery and cardio-vascular exams.

• Wednesday, November 27th 2013 - 06:35 UTC

  YPF shares and Buenos Aires market soar to record highs on announcement of agreement with Repsol

  

  Argentina's Merval benchmark stock index climbed 3% on Tuesday to finish at a record high of 5,696.2 points, following a strong hike in YPF and Edenor stocks. YPF shares soared 11%, while electricity distributor Edenor saw prices close 19% up at the end of trading.

• Tuesday, November 26th 2013 - 19:35 UTC

  Brazilian leading daily calls for a review of Mercosur, which 'is not working'

  

  Brazil's influential daily O'Globo called for a drastic change in the country's approach to trade policy arguing that “without a review, Mercosur does not work” and reveals that the latest signals from Argentina are that it is reluctant to reach a free trade and cooperation agreement in the framework of Mercosur with the European Union.

• Tuesday, November 26th 2013 - 08:47 UTC

  YPF and Repsol reach an 'agreement in principle' with Mexican mediation

  

  The dispute between the Argentine government and Repsol over the seizure of a 51% stake in petroleum company YPF has shown some signs of cooling, with the Ministry of Economy announcing on Monday that an “agreement in principle” for compensating the Spanish corporation had been reached.