Stories for August 2012

Friday, August 31st 2012 - 12:01 UTC

“Now is the time to restore the promise of America” pledged candidate Romney

The Republican presidential nominee addresses the packed convention with a family values and nationalistic message

Mitt Romney has pledged “to restore the promise of America”, as he accepted the Republican presidential nomination at the party's convention in Florida. The former Massachusetts governor accused President Barack Obama of failing to deliver on his soaring promises of hope and change. Mr Romney will challenge the Democratic president in November's election.

Friday, August 31st 2012 - 11:56 UTC

YPF announces three wells confirm discovery of new shale deposits

CEO Galuccio making the presentation of his ‘100 days plan for YPF’ (Photo by DYN)

Argentina’s recently nationalized oil and gas corporation YPF announced non conventional oil was discovered in five new wells drilled in the Patagonian provinces of Chubut and Neuquen and anticipated that fuel prices in the country will continue to gradually increase to eliminate the gap with competition.

Friday, August 31st 2012 - 05:33 UTC

Falklands claim Argentina wants to decimate Illex fishery: “environmental terrorism”

Cheryl Roberts: “Argentina has no interest whatsoever in fisheries conservation”

Argentina has no interest whatsoever in fisheries conservation, Chair of the Falkland Islands Fishing Companies Association (FIFCA) Cheryl Roberts stated this week, and Director of Natural Resources John Barton believes an Argentine action aimed at undermining the Falklands fishery is likely to have a negative impact on their own fishery.

Friday, August 31st 2012 - 05:18 UTC

Faklands’ referendum planned for March; South American observers to be invited

Gilbert House, seat of the Legislative Assembly

The Falkland Islands Executive Council has officially approved that a referendum be held on the question of the political status of the Falkland Islands and announced that the Electoral Commission has agreed to assist with developing the form of the question and the wording and give a bespoke advisory service including providing guidance.

Friday, August 31st 2012 - 05:08 UTC

Argentina surprised by Germany, which voted against granting a loan at the IDB

“Not a step back”, promised Cristina Fernandez, but…

“We’re a free country with dignity and national pride; we are nobody’s employee or subordinate” challenged Argentine president Cristina Fernandez after it was revealed that the US, Spain and Germany at the Inter American Development bank (IDB) had voted against granting the country a loan.

Friday, August 31st 2012 - 05:03 UTC

Argentine credit card holders’ buying abroad charged 15% income tax advance

The long arm of the tax man reaches out to the pockets of Argentine travellers

Argentine credit card purchases abroad will be charged with an additional 15% income tax advance, AFIP tax agency reported on Thursday. The extra amount will be deductible from the income tax and the personal assets tax.

Friday, August 31st 2012 - 04:52 UTC

Cristina wants an Audiovisual Pole modelled on Hollywood in Buenos Aires waterfront

“El Secreto de Sus Ojos” won the best foreign film Oscar in 2010

Argentina’s leader unveiled an ambitious plan Wednesday to support the country’s television and film creators with a new industrial park along the Buenos Aires waterfront that she hopes will be modelled on Hollywood’s studios.

Friday, August 31st 2012 - 04:46 UTC

Global food prices index soars 10% in July: World Bank sound the alarm

WB president Kim: “the health and well-being of millions of people threatened”

Global food prices soared by 10% in July from a month ago, with maize and soybean reaching all-time peaks due to an unprecedented summer of droughts and high temperatures in both the United States and Eastern Europe, according to the World Bank Group’s latest Food Price Watch report.

Friday, August 31st 2012 - 04:42 UTC

Soy reaches record price at 650 dollars the ton, and could keep climbing

Bad weather in the US has punished grain and oilseeds crops

Soy beans in Chicago climbed to their highest having advanced 0.4% on Thursday to 650.47 dollars the ton, while corn up 0.2% to 319.47 dollars the ton came closer to its record value of last August, 327.25 dollars. Wheat meantime slid 0.2% to 324.64 dollars the ton.

Friday, August 31st 2012 - 04:08 UTC

YPF tempting global oil industry heavyweights with ‘Vaca Muerta’ shale formation

CEO Galuccio is meeting the US leading companies and also has plans in China

Exxon-Mobil Corp. and Apache Corp. will hold talks with Argentina's YPF next month to discuss further investments in the country's Vaca Muerta shale formation, said a YPF official briefed on the matter.

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