Investments

• 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.

• Wednesday, April 11th 2012 - 06:33 UTC

  Petrobras and Argentine government reach tentative agreement to increase investments

  

  The escalade between the Argentine government and the oil companies seems to have cooled off for a few hours on Tuesday following a meeting of Planning Minister Julio De Vido with top officials from Petrobras Argentina, and which was described as ‘productive’.

• Tuesday, April 10th 2012 - 23:05 UTC

  Argentine Foreign ministry says BP not interested in developing Falklands’ oil

  

  British oil giant BP will not be involved in exploration or production activities in the Falkland Islands, according to the Argentine Foreign Affairs ministry which just a few days ago sent threatening letters to oil industry and financial corporations which could be working or assessing in the disputed South Atlantic waters.

• Tuesday, April 10th 2012 - 05:17 UTC

  Boeing and Embraer sign agreement on safety, efficiency and productivity

  

  US Boeing and Brazil’s Embraer signed an agreement Monday to work cooperatively on aircraft safety, operational efficiency and manufacturing productivity.

• Wednesday, April 4th 2012 - 02:35 UTC

  Boeing to open an aerospace research and technology centre in Sao Paulo

  

  US air industry giant Boeing announced today that it will establish a research and technology centre in Sao Paulo that will work with Brazil’s leading researchers and scientists to develop aerospace technologies.