Politics

• Wednesday, June 6th 2012 - 04:28 UTC

  YPF unveils plan to invest 35bn dollars in five years with he help from partners

  

  Argentina's state-controlled energy company YPF will need to invest 35 billion dollars to boost falling natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday in Buenos Aires.

• Wednesday, June 6th 2012 - 02:05 UTC

  UK at OAS assembly in Bolivia ratifies the Falklands’ people self determination

  

  The UK ratified on Tuesday the Falkland Islands people’s self determination following a resolution from the OAS general assembly taking place in Bolivia calling on the two sides (Argentina and UK) to resume dialogue on the sovereignty of the Islands which are claimed by Argentina.

• Tuesday, June 5th 2012 - 23:59 UTC

  Brazil/Argentina Mercosur differences can be overcome with ‘greater production integration’

  

  Trade differences between Mercosur leading partners Brazil and Argentina will be overcome with negotiations and promoting productive integration, coincided business people, diplomats and academics from both countries at a seminar in Rio do Janeiro.

• Tuesday, June 5th 2012 - 23:53 UTC

  Brazil re-assessing its 3bn dollars potash project in Argentina due to ‘political risk’

  

  Brazil’s Vale Doce, the world's second-largest miner, expects to overcome obstacles that prompted management to re-assess a 3 billion dollars potash project in the Argentine province of Mendoza, the company's head of fertilizers, Roger Downey, said.

• Tuesday, June 5th 2012 - 23:47 UTC

  Santander bank chief praised Brazil as “the place to be to make business”

  

  Emilio Botin president of Santander, Spain’s largest bank and one of the leading EU financial institutions said that Brazil is the top priority for the group since it is the source of 30% of its global earnings and anticipated the opening of more branches in merit to the country’s economic stability and social progress.

• Tuesday, June 5th 2012 - 23:34 UTC

  Uruguay lost competitiveness for sixth month running in April with main trade partners

  

  External competitiveness of Uruguayan goods dropped for the sixth month running in April because locally produced goods’ prices in US dollars dropped less than those of its main trade partners according to figures released by the Central bank.

• Tuesday, June 5th 2012 - 23:27 UTC

  Paraguayan president and former bishop admits fathering a second child

  

  Paraguayan President Fernando Lugo admitted on Tuesday fathering a second child when he was a Roman Catholic bishop, in an apparent effort to limit damage from the latest paternity scandal to emerge during his four-year-old presidency.

• Tuesday, June 5th 2012 - 23:22 UTC

  G7 members agree to work together to deal with Spain’s financing problems

  

  The Group of Seven finance chiefs agreed in a teleconference call to work together to deal with the problems hitting Spain and Greece, Japanese Finance Minister Jun Azumi said on Tuesday.

• Tuesday, June 5th 2012 - 08:07 UTC

  Chile tells Morales “it will not yield sovereignty over any piece of territory”

  

  The Chilean Executive secretary general Andres Chadwick gave full support on Monday to Foreign Affairs minister Alfredo Moreno decision of not attending the Sunday session at the OAS General Assembly in Cochabamba where Bolivian president Evo Morales called for a sovereign sea outlet for his land-locked country.

• Tuesday, June 5th 2012 - 08:02 UTC

  Argentina in Bolivia after strong OAS declaration in support for Falklands’ claim

  

  Argentina’s Foreign Affairs minister Hector Timerman has a challenging and fragile mission in Bolivia: to obtain strong support from the OAS general assembly for Argentina’s claim over the Falklands/Malvinas’ sovereignty ahead of the UN decolonization meeting in New York which President Cristina Fernandez has promised to attend.