Mercosur

• Thursday, April 26th 2012 - 01:23 UTC

  YPF dispute has meant a “disruption of trust” between the EU and Mercosur

  

  European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned on Wednesday that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51% of YPF shares, owned by Spanish oil company Repsol.

• Wednesday, April 25th 2012 - 06:41 UTC

  Fitch upgrades rating outlook to positive; warnings about Argentina and inflation

  

  Fitch Ratings revised Uruguay's rating outlook to positive from stable on Tuesday, citing the country's ability to cut external and budget vulnerabilities. However Fitch warns about the deteriorating situation in neighbouring Argentina and inflation.

• Wednesday, April 25th 2012 - 06:21 UTC

  Uruguay and Argentina reach agreement on tax information exchange

  

  Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday.

• Tuesday, April 24th 2012 - 01:09 UTC

  Setback for Spain: EU confirms trade talks with Mercosur, including Argentina

  

  A member of the European Union assured it is not possible to negotiate an agreement between the EU and Mercosur without Argentina, as the Spanish Government planned after the country’s decision to expropriate YPF.

• Sunday, April 22nd 2012 - 23:42 UTC

  Argentina February economic activity expands 5.2%, but surprises ahead for industry

  

  Argentina's economy grew at an annual rate of 5.2% in February according to the country’s stats office Indec monthly economic activity report Emae, reflecting good performances in construction and manufacturing. But prospects for the industrial sector could have some surprises.
  The Emae indicator rose 0.3% in seasonally adjusted terms from January, Indec added.

• Wednesday, April 18th 2012 - 22:22 UTC

  Uruguay’s Mujica supports Argentina in the YPF dispute, but opposition blasts the president

  

  Uruguayan president Jose Mujica expressed solidarity with the Argentine government decision to nationalize the oil company YPF belonging to Spain’s Repsol and said he does not like the “arrogance of rich Europe”. His position however was strongly criticized by the opposition.

• 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.

• Monday, April 16th 2012 - 04:55 UTC

  Obama confirms at the summit US neutrality on the Falklands/Malvinas question

  

  The US will remain on the sidelines in the dispute between the UK and Argentina over the Falkland Islands sovereignty, said President Barack Obama on Sunday at the conclusion of the Summit of the Americas in Colombia.