International

• Thursday, May 17th 2012 - 11:48 UTC

  World Bank chief economist warns Latam of the “middle-income trap”

  

  In what would be his last speech as part of the organization, Chief Economist and Senior Vice President of the World Bank Justin Lin held a conference at the UN’s Economic Commission for Latin American and the Caribbean (ECLAC) in Santiago de Chile.

• Thursday, May 17th 2012 - 03:54 UTC

  UK decouples from European bailout agreement to protect the single currency

  

  The UK will be exempt from a new European bailout agreement between Euro-zone countries according to a EU Treaty Amendment Bill introduced to the House of Lords this week by Foreign office minister Lord Howell.

• Wednesday, May 16th 2012 - 22:15 UTC

  Following electoral disaster, Merkel fires federal Environment minister

  

  German Chancellor Angela Merkel fired Norbert Roettgen, the federal Environment minister who led her Christian Democratic Union to its worst-ever result in an election in Germany’s most populous state.

• Wednesday, May 16th 2012 - 21:58 UTC

  State-controlled YPF wants to keep its ADS listed in the New York exchange

  

  Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.

• Wednesday, May 16th 2012 - 21:34 UTC

  Indian oil and gas company desists from Falklands’ exploration partnership

  

  After having to abandon its oil and gas assets quest in Vietnam off the South China Sea India has asked ONGC Videsh Limited (OVL) not to go ahead with its acquisition of hydrocarbon assets located in deep water in Falkland Islands

• Wednesday, May 16th 2012 - 06:01 UTC

  Argentina insists before Red Cross on identifying remains of combatants buried in the Falklands

  

  Vice President Amado Boudou called for a ‘concrete reply’ to Argentina’s request for the International Red Cross to collaborate with the identification of the combatants fallen during the Falkland Islands conflict in 1982 and whose remains are buried at the cemetery in Darwin.

• Wednesday, May 16th 2012 - 04:01 UTC

  Merkollande admit differences but call for unity and growth in the Euro zone

  

  Despite their differences over how to drag Europe out of its current economic swamp, German and French leaders pledged to join efforts in reinvigorating growth in the continent during their first meeting on Tuesday.

• Wednesday, May 16th 2012 - 01:33 UTC

  Repsol sues Argentina over YPF in NY court and also takes the case to World Bank arbitration

  

  Repsol YPF SA the large Spanish oil and gas company on Tuesday sued Argentina for seizing control of formerly state-owned energy company YPF SA, in which Repsol held a majority stake.

• Tuesday, May 15th 2012 - 16:08 UTC

  Greek exit from the Euro could cost French taxpayers 66.4bn Euros, says report

  

  An exit of Greece from the Euro zone could cost the French taxpayer up to 66.4 billion Euros and saddle the country's banking system with 20 billion Euros in lost loans, according to a study published on Tuesday.

• Tuesday, May 15th 2012 - 15:53 UTC

  Economy receives Hollande with anaemic performance: zero growth in Q1

  

  France's economy stalled in the first quarter as household consumption flat lined, businesses pared back investment and exports slowed, underlining the challenge facing Socialist President Francois Hollande who took office on Tuesday.