MercoPress. South Atlantic News Agency
Stories for May 4th 2012
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Friday, May 4th 2012 - 06:01 UTC
Euphoric Argentine lawmakers celebrate final approval of YPF seizure
After a two-day session, Argentina’s Lower House voted late Thursday night 207-32 in favour of expropriating energy corporation YPF, clearing the way for President Cristina Fernandez to sign the controversial bill into law.
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Friday, May 4th 2012 - 05:57 UTC
Falklands joins Queen Elizabeth Diamond Jubilee global celebrations
The Falkland Islands Government has set aside £3,000 for Queen Elizabeth’s Diamond Jubilee events. Some of this funding is available to people who wish to organize community events and £500 has been allocated for events on the West.
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Friday, May 4th 2012 - 00:36 UTC
ECB calls on governments to put “growth at the centre of the agenda”
The European Central Bank, meeting in Spain on Thursday, held interest rates at historic lows but insisted it was up to governments to find ways of boosting growth without busting fiscal rules.
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Friday, May 4th 2012 - 00:31 UTC
Bank of England governor admits more should have done to prevent the crisis
After coming under fire for years for refusing to accept responsibility for the crisis, Bank of England governor Mervyn King said in his BBC Today Program Lecture that the BoE should have done more -- but added that the bank's hands had been somewhat tied.
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Friday, May 4th 2012 - 00:26 UTC
BG selling lucrative asset in Brazil to focus on oil and gas fields
UK gas producer BG Group has announced a deal to sell its stake in Brazil's Comgas to Sao Paulo-based Cosan for 1.8bn dollars. BG said it expected to deal to be completed by the end of the year.
