International

Wednesday, April 18th 2012 - 22:49 UTC
Repsol shares plunge 32.7% in Wall Street after three days of trading suspension

Shares of Argentina’s biggest energy company Repsol-YPF plunged 32.7% on Wednesday in Wall Street after transactions resumed following three days of suspension.
Wednesday, April 18th 2012 - 18:47 UTC
HMS Plymouth where the Argentine surrendered South Georgia in 1982, to be scrapped

The Royal Navy warship which hosted the Argentine surrender of South Georgia in 1982 is to be scrapped despite an intensive campaign to save it from extinction, reports the UK media.
Wednesday, April 18th 2012 - 08:34 UTC
Brufau said Repsol will demand a compensation of 10 billion dollars

Repsol’s Chairman Antonio Brufau said the Spain-based group will demand to Argentina a compensation of 10 billion dollars after President Cristina Fernández decided to nationalize the energy giant. Likewise, Brufau accused the Argentine government of “having distorted information” on regards the company’s production during Monday’s presentation.
Wednesday, April 18th 2012 - 08:30 UTC
Debts and environmental cleanup to subtracted from YPF compensation says Argentina

Argentina accused Spain's Repsol oil company on Tuesday of hiding the true value of its Argentine YPF unit and said a thorough review of its books after seizing control of its offices will affect the compensation paid to its shareholders.
Wednesday, April 18th 2012 - 08:26 UTC
Fitch places Repsol on Rating Watch Negative following the YPF takeover operation

Fitch Ratings has placed Repsol YPF, SA's ratings on Rating Watch Negative (RWN) following news that YPF takeover has been set in motion by the Argentine government.
Wednesday, April 18th 2012 - 08:15 UTC
“Argentina has just shot itself in the foot” warns Spain Foreign minister

Spain’s Foreign Minister José Manuel García-Margallo warned on Tuesday that “Argentina has just shot itself in the foot” as the expropriation of YPF oil and gas company might lead to “a break- up with both Spain and the international community.”
Wednesday, April 18th 2012 - 08:10 UTC
Hague expresses deep concern over the YPF case and promises support for Spain

British Foreign Secretary William Hague said he was “very concerned” at President Cristina Fernández announcement to expropriate YPF, a decision he believes “goes against all the commitments Argentina has made in the G20 to promote transparency and reduce protectionism.”
Wednesday, April 18th 2012 - 01:05 UTC
Bolivia’s Morales takes distance from YPF/Argentina conflict and praises Repsol

Bolivian president Evo Morales clearly took distance from Argentina’s expropriation of YPF, the Argentine affiliate of Spain’s Repsol which was announced on Monday and caused a major rift between Argentina and Spain and the European Commission.
Tuesday, April 17th 2012 - 21:41 UTC
IMF says investment climate in Argentina unpredictable; EC cancels bilateral meeting

The European Commission called off a meeting with officials in Argentina after President Cristina Fernández revealed plans to expropriate 51% of YPF from its mother corporation Spain’s Repsol.
Tuesday, April 17th 2012 - 19:48 UTC
Royal Gibraltar Regiment takes over ceremonial duties at Buckingham Palace

The Royal Gibraltar Regiment has left its base on the Rock to take up ceremonial duties in London. It is only the second time that the regiment has performed public duties in London taking over from the Coldstream Guards at the famous Changing of the Guard ceremony at Buckingham Palace on Monday 16 April.