CARACAS (Reuters) – President Hugo Chavez’s public assurances that he will beat cancer have failed to quell Venezuelans’ frenetic speculation about whether the illness will ruin his chances of winning another six-year term in October.
Opinion polls show two thirds of voters think their larger-than-life president will recover from cancer despite his long, uncharacteristic silences and nagging rumors that he might have to anoint a successor – perhaps before voting day.
CARACAS, May 17 (Reuters) – Hefty state spending helped
Venezuela’s economy grow a brisker-than-expected 5.6 percent
during the first quarter, boosting President Hugo Chavez’s
campaign for re-election in October.
Economists had expected healthy growth in the first quarter
as the socialist government pumped money into infrastructure and
welfare programs in the hopes of winning over a significant
number of undecided voters
BUENOS AIRES, May 3 (Reuters) – The nationalization of
Argentina’s biggest oil company is expected to sail to final
congressional approval on Thursday, reflecting broad domestic
support for a measure that has rattled foreign investors.
President Cristina Fernandez, a combative career politician
who has tightened state control of the economy, unveiled the
plan to seize a majority stake in YPF from Spain’s
Repsol six months after her landslide re-election.
BUENOS AIRES, May 2 (Reuters) – Argentina’s lower house
started debating the renationalization of the nation’s largest
energy company on We dnesday, a measure that is popular at home
despite fierce criticism abroad.
President Cristina Fernandez angered Spain and other
European trade partners last month when she unveiled her plan to
expropriate a 51-percent controlling stake in YPF from
Spanish oil major Repsol.
BUENOS AIRES (Reuters) – Two months before Argentina’s president seized control of the country’s biggest oil firm from Repsol (REP.MC: Quote, Profile, Research, Stock Buzz), the Spanish company said it would cost $25 billion a year to develop a world-class shale find in Patagonia.
It is money Argentina does not have and could struggle to get its hands on without deep-pocketed partners prepared to tolerate President Cristina Fernandez’s increasingly volatile and unorthodox policies.
BUENOS AIRES, April 17 (Reuters) – Argentine President
Cristina Fernandez is a sharp-tongued widow bent on honoring her
late husband’s political legacy by boosting state control over
the economy – even if that means making enemies along the way.
Defying warnings from Spain and the European Union, the
center-left leader unveiled a plan on Monday to take control of
energy company YPF from Spain’s Repsol.
BUENOS AIRES, April 17 (Reuters) – Argentina’s drive to
seize control of leading energy company YPF from Spain’s Repsol
may have outraged European trade partners and foreign investors,
but many ordinary citizens hailed it as virtually heroic.
The move by combative President Cristina Fernandez appealed
to Argentines who are critical about the vagaries of global
finance and the controversial privatizations of the 1990s – a
decade remembered for rampant corruption and factory closures in
Latin America’s No. 3 economy.
BUENOS AIRES (Reuters) – Argentine President Cristina Fernandez unveiled plans on Monday to seize control of leading energy company YPF, drawing swift warnings from key trade partners and risking the country’s further economic isolation.
YPF (YPFD.BA: Quote, Profile, Research, Stock Buzz), controlled by Spain’s Repsol (REP.MC: Quote, Profile, Research, Stock Buzz), has been under intense pressure from Fernandez’s center-left government to boost production, and its share price has plunged due to months of speculation about a state takeover.
BUENOS AIRES, April 16 (Reuters) – Argentina’s government
said on Monday it would expropriate 51 percent of leading energy
company YPF, a move that could lead to further economic
isolation of the country.
YPF, controlled by Spain’s Repsol, has
been under intense pressure from the center-left government and
its share price has plunged due to months of speculation about a
BUENOS AIRES (Reuters) – The election night celebrations must seem a distant memory for Argentina’s vice president, Amado Boudou, as he faces intense scrutiny over an influence-peddling investigation just four months after taking office.
Argentina’s biggest newspapers have seized on suspicions that the former economy minister helped a company that specializes in printing bank-notes and identity documents get out of bankruptcy to benefit alleged business associates.