Investments

Saturday, April 14th 2012 - 22:34 UTC
Chavez cancels summit’s plan and flies to Cuba on a 90 day leave for treatment

Venezuela's President Hugo Chavez will not attend this weekend's hemispheric summit in Colombia and will instead fly straight to Cuba to continue radiation treatment for cancer, his foreign minister said on Saturday.
Saturday, April 14th 2012 - 22:26 UTC
“Revolutionary Junta” to consolidate “Chavism”, forecasts US expert in Latam affairs

Venezuelan military alarmed by the fast physical deterioration of President Hugo Chavez have worked out an emergency plan to be implemented, including the suspension of basic constitutional rights, at the slightest sign of political agitations, said the former US ambassador before the OAS, Roger Noriega.
Saturday, April 14th 2012 - 06:48 UTC
YPF dispute: Argentina runs the risk of becoming an ‘international pariah” warns Spain

Spanish officials warned Argentina on Friday that the country risks becoming “an international pariah” if it follows through on its threats to take control of Spanish-owned energy company Repsol's majority stake in its YPF unit.
Saturday, April 14th 2012 - 06:32 UTC
“Argentina: shame on you”; Editorial from Canada’s Globe and Mail

Argentine President Cristina Fernandez de Kirchner has said it is “absurd” for the British government, which has enjoyed sovereignty over the Falkland Islands for 180 years, to maintain its claim from an ocean away “when these Islands are part of our maritime platform.” Applying the logic of Ms. Kirchner, Canada should be stoking international tensions in an effort to annex Saint-Pierre and Miquelon. And perhaps Greenland.
Saturday, April 14th 2012 - 06:17 UTC
Ocampo drops out from World Bank bid; gives full support to Nigerian candidate

Former Colombian finance minister Jose Antonio Ocampo ended his bid to become World Bank president on Friday, leaving two candidates in an unprecedented challenge to US control of the global development institution.
Friday, April 13th 2012 - 07:33 UTC
Argentine president avoids YPF and talks about chocolates and beef export levies

On the day Argentina was expected to make a major announcement referred to the oil industry and the ongoing dispute with Spain’s Repsol-YPF oil and gas corporation, president Cristina Fernandez surprised everybody by talking about chocolates, the yerba infusion and meat export taxes.
Friday, April 13th 2012 - 07:24 UTC
“Public interest” draft bill taking over 50.01% of YPF in Argentine congress

Argentine president Cristina Fernandez has sent a draft bill to her lawmakers in Congress that would allow the government to take a controlling stake in local oil and gas giant, YPF SA at the expense of its two largest shareholders, newspaper Clarin reported Thursday.
Thursday, April 12th 2012 - 17:08 UTC
Spain warns Argentina that any hostile action “will bring consequences”

Amidst the cross-fire between the Argentine government and Repsol-YPF oil giant, Spain’s Industry, Energy and Tourism Minister José Manuel Soria, warned on Thursday that “any sign of hostility” against Spanish companies “will be considered as a hostile sign against Spain and its government, and will bring consequences.”
Thursday, April 12th 2012 - 00:56 UTC
'K' Day for the future of YPF; shares in Buenos Aires and New York plunge

Shares in Argentina's biggest energy company YPF plunged 5.6% in Buenos Aires on Wednesday while the company's US-listed shares were 5% lower in New York.
Wednesday, April 11th 2012 - 06:35 UTC
A possible Chinese exit for the ongoing clashes between Repsol YPF and Argentina

China National Offshore Oil Corporation, CNOOC, could prove to be the solution for the ongoing clash between the Argentine government and Spain’s Repsol which holds a majority stake in YPG, Argentina’s main oil and gas company.