Politics

• 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 - 01:23 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.

• 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.

• Wednesday, April 25th 2012 - 23:37 UTC

  Malvinas families divided over identifying remains at the Falklands’ Argentine cemetery

  

  The Malvinas families’ commission regrets they have not been consulted on the Argentine government’s request for international help to identify the remains of the ‘unknown soldiers’ buried at the Argentine cemetery in the Falkland Islands.

• Wednesday, April 25th 2012 - 21:14 UTC

  Falklands’ lawmaker rejects Argentine proposal for direct air-link with Buenos Aires

  

  Falkland Islands lawmaker Sharon Halford rejected the Argentine proposal of direct flights from Buenos Aires to the Islands saying that “they are not needed” and expressed surprise at the double standard of President Cristina Fernandez administration.

• Wednesday, April 25th 2012 - 20:34 UTC

  Fed repeated promise to leave interest rates on hold until late 2014

  

  The US Federal Reserve on Wednesday repeated its promise to leave interest rates on hold until at least late 2014 but offered few clues into whether it might offer additional stimulus later this year.

• Wednesday, April 25th 2012 - 07:02 UTC

  Argentina must take control of its natural resources, insists Cristina Fernandez

  

  Argentine President Cristina Fernández vindicated her decision to expropriate YPF, assuring that her Government “remains convinced that all Argentines should be in control of the country’s natural resources.”

• Wednesday, April 25th 2012 - 06:51 UTC

  Holland enters in Euro risk zone as political parties clash over further austerity

  

  Holland one of the few show cases of Europe with all economic indicators the envy of its fellow EU members has stalled in a political controversy while at the other end Greece sees no end to suffering in its fifth year of recession.

• Wednesday, April 25th 2012 - 06:47 UTC

  Brazil/US discuss military technology transfer as part of defence cooperation

  

  Brazilian Defence Minister Celso Amorim and his visiting US peer Leon Panetta considered an increase in cooperation in many different areas including cyber-security, science and military technology and humanitarian assistance during a bilateral meeting held in Brasilia.

• 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.