International

Monday, April 23rd 2012 - 09:40 UTC
IMF governing panel calls for more action from Euro zone to prevent recession

Europe was pressed by other world powers to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery.
Monday, April 23rd 2012 - 09:28 UTC
Washington Post suggests replacing Argentina with Chile at the G20

As has happened with other leading world opinion makers such as the Financial Times and The Wall Street Journal, that have condemned the seizure by the administration of President Cristina Fernandez of a majority share in the Spanish Repsol owned YPF, The Washington Post has also been extremely critical of the Argentine leader.
Monday, April 23rd 2012 - 09:21 UTC
Brazil helped Soviet support operation for Argentina during the Falklands conflict

Brazil collaborated during the 1982 Falkland Islands conflict in an operation mounted by the Soviets to supply Argentina with spares, arms, munitions and other requirements according to the Rio do Janeiro newspaper O’Globo based on disclosed documents from the National Security Council and the Ministry of Foreign Affairs.
Monday, April 23rd 2012 - 09:16 UTC
Hollande wins first round in France and leads comfortably for the run-off

French President Nicolas Sarkozy faces an uphill struggle in the second round of the presidential election, after coming second in Sunday's first vote. He won only 27.1% of the vote, while his socialist rival Francois Hollande took 28.6%, the first time a sitting president has lost in first round. Third-place Marine Le Pen took the largest share of the vote her far-right National Front has ever won with 18.1%.
Sunday, April 22nd 2012 - 23:06 UTC
G77 plus China present Argentina with the Malvinas statement denied by the Americas Summit

Representatives from the Group of 77 plus China meeting in Doha, Qatar approved a statement calling on the UK to resume negotiations with Argentina regarding the sovereignty of the Malvinas question, according to a release from the Argentine Foreign Ministry.
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.
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 - 07:31 UTC
Astori tells Spanish businesses “Uruguay, an attractive and safe” country for investors

Vice president Danilo Astori currently on a business trip to Spain described Uruguay as an “attractive and safe” country to invest given its macroeconomic solidness, strength of its institutions and stimuli for investors, both domestic and from overseas.
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 - 07:07 UTC
Emerging powers committed to IMF but insist on less European predominance

Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.