Economy

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 - 03:07 UTC
Colombia reaps from the summit: free trade agreement with US becomes effective in May

The US-Colombia free trade agreement will enter into force next month, far earlier than expected, as a result of what the Obama administration called “historic” progress for Colombian worker protections and human rights.
Tuesday, April 17th 2012 - 00:28 UTC
US candidate Dr. Kim chosen World Bank president; takes office next July

US nominee Jim Yong Kim has been chosen as the new president of the World Bank. The Korean-American health expert, president of Dartmouth College faced a strong challenge for the post, which has traditionally gone to an American, from Nigerian Finance Minister Ngozi Okonjo-Iweala.
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.
Sunday, April 15th 2012 - 16:03 UTC
China allows wider flotation margin for the Yuan against the US dollar

China will allow the Yuan to trade in a wider daily range against the US dollar from Monday, taking another major step to further liberalise its exchange rate regime and make its currency more market oriented.
Sunday, April 15th 2012 - 16:01 UTC
Rousseff blasts rich countries “monetary flooding”: marks difference between defending and protecting

Brazilian president Dilma Rousseff staunchly defended Latin American integration as she took part of the CEO forum at the 6th Summit of the Americas in Cartagena de Indias, Colombia. She blasted rich countries over their so called “monetary flooding” because it attempts against the industrialization of emerging nations.