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Economy & Business - March 2012 (ISSN 1741-7430)
Repsol blinks
YPF, the Argentine subsidiary of the Spanish energy company Repsol, held a board meeting on 21 March which was billed as a solution to the growing row between Repsol and Argentina’s federal and state governments. Argentina immediately rejected the board’s decision to capitalise dividends payable in 2010 and 2011 and to refuse to channel them into a new fund for investment in Argentina. The upshot of this standoff is that Repsol, the Spanish national oil company, will step up its legal action, inside and outside Argentina to reverse provincial Argentine governments’ actions to strip YPF of the oilfields it has in Argentina
- China starts to hedge its bets on Latin America
- Still bullish
- Industry picks up
- Pressing the accelerator
- ARGENTINA: Problems mount
- CHILE: Aiming low
- PARAGUAY: Feeling the heat
- URUGUAY: Feeling more than OK
- BOLIVIA: Pushing to de-dollarize
- COLOMBIA: All systems go
- ECUADOR: The price of the boom
- PERU: Still growing well
- VENEZUELA: Dutch disease rife
- COSTA RICA: Business optimism
- CUBA: More administrative changes
- DOMINICAN REPUBLIC: Central bank comes off the fence
- EL SALVADOR: What does the electorate want?
- GUATEMALA: Cautious
- HONDURAS: Coffee problems
- NICARAGUA: Exports up
- PANAMA: Exports up 8.3% in 2011
- China opens up on Ecuacorriente
- Repsol blinks
- Bolivia plans first bond since early 1900s