Argentina urges Britain to ‘end colonialism’ and hand back Falklands

Thirty years after Britain and Argentina went to war over the Falklands, Argentina's populist president, Cristina Fernández de Kirchner, has returned to the fray with a blistering attack on British "colonialism" and a demand to hand back "Las Malvinas".In a stinging letter to David Cameron, Fernández urges the UK to abide by a 1960 United Nations resolution urging member states to "end colonialism in all its forms and manifestations".Britain should begin negotiations over the sovereignty Read more [...]

Argentina to Court: Revert Order on Debt Holdouts

Argentina is asking a US appeals court to reverse an order for the country to pay $1.33 billion to "holdout" creditors who refused to join two swaps for the country's defaulted debt. Argentine government lawyers said in papers filed late Friday that the order violates the country's sovereignty. The lawyers said the order also threatens service on at least $24 billion of the county's restructured sovereign debt, impairs the rights of third parties Read more [...]

Argentina: Pan American Energy to Invest $3.4B

Argentina's Pan American Energy says it will spend $3.4 billion on natural gas exploration and output in the country over the next five years. A statement issued Friday says the company struck a deal with the Argentine government to boost the price it will get for natural gas to $7.5 per million British thermal units. The company says the agreement is similar to one recently reached between the government and YPF, which is Argentina's state-run Read more [...]

Argentina to Court: Revert Order on Debt…

Argentina is asking a US appeals court to reverse an order for the country to pay $1.33 billion to "holdout" creditors who refused to join two swaps for the country's defaulted debt. Argentine government lawyers said in papers filed late Friday that the order violates the country's sovereignty. The lawyers said the order also threatens service on at least $24 billion of the county's restructured sovereign debt, impairs the rights of third parties Read more [...]

Argentina: Pan American Energy to Invest…

Argentina's Pan American Energy says it will spend $3.4 billion on natural gas exploration and output in the country over the next five years. A statement issued Friday says the company struck a deal with the Argentine government to boost the price it will get for natural gas to $7.5 per million British thermal units. The company says the agreement is similar to one recently reached between the government and YPF, which is Argentina's state-run Read more [...]

Argentina’s YPF, Bridas Sign $1.5B Shale Deal

State energy company YPF has signed a preliminary agreement with Bridas Corp. for the development of Argentina's vast nonconventional oil and gas resources, YPF said Friday. The company said it will require an initial investment of $1.5 billion over two years for the development of 663 square kilometers (256 square miles) of the Vaca Muerta ("Dead Cow") formation discovered in Neuquen province in 2010. YPF will hand over 50 percent of its rights Read more [...]

Thatcher did not anticipate Falklands crisis

Margaret Thatcher admitted that she did not anticipate the Falklands crisis and was taken by surprise when Argentina invaded the disputed Islands in April 1982, according to documents released on Friday.The invasion sparked a war that Britain won massively, boosting her popularity.“I never, never expected the Argentines to invade the Falklands head-on. It was such a stupid thing to do, as events happened, such a stupid thing even to contemplate doing”, said the then Conservative Prime Minister, Read more [...]