Investments

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.
Tuesday, April 17th 2012 - 00:24 UTC
“Corruption the greatest threat” to the ruling party admits China’s Wen Jiabao

An influential Chinese journal has reprinted comments from China's premier calling for tougher anti-corruption rules, as a political scandal deepens. Wen Jiabao said corruption was the greatest threat to the ruling party
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.
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.
Sunday, April 15th 2012 - 05:38 UTC
The Economist article triggers strong reaction from the Chilean political system

Widely perceived to be the most developed and financially stable nation in South America, Chile is, for the most part, unaccustomed to critical analyses from the international press.
Sunday, April 15th 2012 - 05:31 UTC
Spain feels conflict with Argentina over YPF “seems to be getting back on course”

In the last 48 hours “things seem to be getting back on course” said on Saturday Spain’s Minister of Industry Jose Manuel Soria in reference to the ongoing conflict with the Argentine government over the possible take over of YPF, the Argentine affiliate of Spain’s Repsol.