Top Headlines: Argentina Rejects Repsol Claim

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April 18 (Bloomberg) -- Argentina rejected Repsol YPF SA’s demand for $10.5 billion in compensation after President Cristina Fernandez de Kirchner seized its YPF SA unit, saying it hasn’t invested enough in the South American country. Argentina will rely on “solid data” to value its takeover of 51 percent of YPF’s shares and not use estimates from Repsol,Deputy Economy Minister Axel Kicillof said at a Senate hearing yesterday. The government will ensure the profitability of the company “beyond Repsol’s expectations,” said Kicillof, who Fernandez named to help lead YPF April 16. (Source: Bloomberg)


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