Moody's Investors Service decided to slash the long-term rating of Spanish oil company Repsol after the Argentine government seized 51% stake of Argentina based YPF, formally run by Repsol.
The amount of additional money Brazil plans to contribute to the IMF will depend on commitments to bolster the influence of emerging-market nations at the global lender, a senior Brazilian government official said on Tuesday.
Argentine President Cristina Fernandez pledged Tuesday to make an upcoming 2.2 billion dollars Boden 2012 bond payment in US dollars, rejecting recent speculation that the government would try to pay some or all of its foreign-currency-denominated debt in Argentine pesos.
Argentine ruling coalition lawmakers rejected point blank the referendum on the Falkland Islands’ political status announced for 2013 by the Falklands elected government, and claimed it was a media stunt to distract attention from Argentine president Cristina Fernandez presentation before the UN Decolonization committee.
The US has stated that it will remain neutral in the Falklands/Malvinas Islands sovereignty dispute between Argentina and the United Kingdom, said the spokesperson of the US State Department’s Victoria Nuland after the announcement that the Islanders will hold a referendum in 2013 to decided whether they want to remain British or not.
A group of young Falkland Islanders hope to present Argentine President Cristina Fernandez with a firm message at the UN in New York that they want to remain British subjects and continue their current way of life.
A small group of protesters burned a British flag Monday outside the headquarters of Argentina's oil company in Buenos Aires, saying YPF SA should stop using tankers that fly flags from the British Commonwealth.
Argentine Defence Minister Arturo Puricelli said on Monday that the United Kingdom maintains its “arrogance and haughtiness” over the Malvinas sovereignty issue as the 30th anniversary of the end of the war approaches.
The UN Special Committee on Decolonisation launched on Monday a new round of sessions with much attention focused on the Falklands/Malvinas dispute since Argentine president Cristina Fernandez next Thursday will become the first head of state to address the C24.
Foreign Office minister for Latin American affairs Jeremy Browne anticipated that next week there will be a “substantial reply” to Argentina’s proposal for three monthly flights between Buenos Aires and the Falklands and the resumption of negotiations over fisheries conservation in the South Atlantic, but in noy way linked to any sovereignty discussions.