Leftist economist behind Argentina's YPF takeover

BUENOS AIRES (Reuters) - Argenti

BUENOS AIRES (Reuters) - Argen

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 , controlled by Spain's Repsol , 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. Until recently, YPF had a harmonious relationship with Fernandez, whose increasingly interventionist and off-beat policies infuriate critics. ...

Argentina's state-controlled energy company YPF will need to invest $7 billion a year to boost flagging natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday. ...

BUENOS AIRES (Reuters) - Argentina's state-controlled energy company YPF will need to invest $7 billion a year to boost flagging natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday.