Investments

• Saturday, April 28th 2012 - 06:11 UTC

  Falklands’ budget enjoys additional surplus boosted by the oil industry

  

  The Falkland Islands oil industry has contributed with an unexpected addition of £9.2M to the Falkland Islands Government (FIG) budget in the first nine months of the financial year 2011/12, reported the Islands government Standing Finance Committee.

• Saturday, April 28th 2012 - 06:07 UTC

  In a massive rally CFK reaffirms YPF seizure and thanks the opposition’s support

  

  Argentine President Cristina Fernandez in a massive political rally on Friday defended her policy to seize YPF from Spain’s Repsol, thanked the opposition for their legislative support and called on the new generations to defend the “historic legacy”.

• Saturday, April 28th 2012 - 05:26 UTC

  Brazil leading mining corporation reassessing its long term iron-ore reserves

  

  Brazilian leading mining company Vale SA is “facing one of the toughest periods in our history as far as reserves are concerned,” a company executive said Thursday.

• Friday, April 27th 2012 - 11:30 UTC

  Timerman replies to De Gucht rejecting “unacceptable” arguments and “tone”

  

  Argentine Foreign Minister Héctor Timerman said the recent criticism from the European Trade Commissioner Karel De Gucht regarding the YPF expropriation is “unacceptable,” and assured that it “surprised him due to his tone and approach”.

• Thursday, April 26th 2012 - 21:51 UTC

  YPF seizure has sent “shockwaves” globally; Argentina will “suffer consequences”

  

  European Trade Commissioner Karel De Gucht said Argentina is in for long term consequences after sending “shockwaves” internationally with the announced plans to expropriate 51% of YPF shares owned by Spain-based Repsol oil and gas company.

• Thursday, April 26th 2012 - 21:33 UTC

  Argentine Lower House discusses YPF bill; CFK should stamp it into law next week

  

  Committees of Argentina’s Lower House of Congress began a plenary session on Thursday in order to clear the YPF expropriation bill for debate, which was approved early morning by the Senate.

• Thursday, April 26th 2012 - 21:06 UTC

  Borders & Southern raises £46 million to analyze gas discovery in the Falklands

  

  Oil explorer Borders & Southern boosted its available funds to help it analyse a gas discovery in the Falkland Islands, by raising £ 46 million through a share placing.

• Thursday, April 26th 2012 - 06:10 UTC

  “Land grabbing” and the concentration process in Mercosur members

  

  The processes of concentration, foreign ownership and land degradation came to be a central concern of supranational bodies and NGOs that warn, like the United Nations Organizations for Food and Agriculture Organization (FAO), of the “negative effects of these phenomena on food security, agricultural employment and the development of family farming.”

• Thursday, April 26th 2012 - 01:33 UTC

  Argentina warns Falklands’ oil companies of May 2 deadline when legal actions begin

  

  Argentina once again warned oil companies considered by the Government to be “illegally operating” in the Falklands/Malvinas Islands, and reiterated it will press charges against them unless they justify their actions before next Wednesday, May 2.

• Thursday, April 26th 2012 - 01:21 UTC

  Repsol’s numbers are ‘false’ and caused ‘great damage’ to the Argentine economy

  

  Three Argentine ministers denied as “false” that YPF, under control of Spain’s Repsol had invested more than 20 billion dollars in the company since 1999, arguing the fall in Argentine oil and gas production and reserves is clear evidence of that.