Stories for May 4th 2012

Friday, May 4th 2012 - 21:31 UTC
Y&R holding condemns Falklands-Olympics spot and asks Argentine government to ban the ad

WPP international advertising holding on Friday regretted a controversial TV spot showing an Argentine athlete training for the London Olympic Games in Port Stanley, Falkland Islands.
Friday, May 4th 2012 - 17:26 UTC
Brazil applies radical changes to deposits policy to further cut basic interest rates

Brazil will cut returns on new deposits to savings accounts, thereby paving the way for the central bank to further cut its benchmark lending rate, Finance Minister Guido Mantega announced.
Friday, May 4th 2012 - 17:21 UTC
Falklands spot: Argentina trying to recover from “some diplomatic setbacks”, says Hague

British Foreign Secretary William Hague has branded as a stunt an Olympic TV advert by Argentina featuring a hockey player training on the disputed Falkland Islands, described in the broadcast as “Argentine soil”.
Friday, May 4th 2012 - 17:16 UTC
Brazil committed to compete with China in Africa for resources and growing market

Brazil pledged major investment and technology transfer to Africa to repay a “solidarity debt” from a country with a huge black population to the poorest but resource-rich continent.
Friday, May 4th 2012 - 16:52 UTC
Falklands’ spot: UK regrets Argentina’s attempts to exploit and politicise Olympic Games

The British Foreign Office criticized a controversial spot showing an Argentine athlete training for the London Olympic Games in Port Stanley, in the Falklands as an attempt to exploit and politicise the Games.
Friday, May 4th 2012 - 07:06 UTC
Chavez under treatment in Cuba names a potential “transition council”

President Hugo Chavez, in Cuba for cancer treatment, named key members of a Council of State Wednesday led by his Vice president, which some analysts see as a potential transitional body.
Friday, May 4th 2012 - 06:35 UTC
The plot behind the Argentine Olympics-Falklands political spot

The controversial Argentine government Olympic spot allegedly in support of the delegation that will competing in the coming London games had everybody on the black: public opinion, the athlete who ignored who really paid for his acting, obviously the Falklands where it was filmed and even the Argentine Olympic Committee.
Friday, May 4th 2012 - 06:19 UTC
Uruguay’s April inflation spikes and remains well above the annual target

Uruguay's annual consumer inflation accelerated in April owing to a big increase in food, clothing and transportation prices, reported the government’s statistics office, INE on Thursday.
Friday, May 4th 2012 - 06:15 UTC
Cristina Fernandez admits the challenge of turning YPF competitive and efficient

President Cristina Fernández said that YPF will be a “great challenge for Argentina” since it will have to turn into a modern competitive oil company in line with the interests of the country.
Friday, May 4th 2012 - 06:11 UTC
YPF vote splits opposition Radical party; dissenters blame government for the energy policy

Even when the YPF nationalization bill in the Argentine Lower House was passed with support from most opposition parties, including the two main groupings the event was not without incidents.