MercoPress. South Atlantic News Agency
Stories for May 8th 2012
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Tuesday, May 8th 2012 - 06:21 UTC
Banks will wait for YPF to name new board of directors before taking action
The banks that helped Argentina's Petersen Group buy a stake in energy company YPF will give the group extra time to make a loan payment due this month, according to sources involved in the negotiations.
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Tuesday, May 8th 2012 - 06:19 UTC
Spain expected to announce strong support for the ailing banking system
Spain's prime minister says the government will likely present this week new measures to help banks, a key source of worry over whether the country might need a financial bailout.
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Tuesday, May 8th 2012 - 06:18 UTC
US launches aggressive campaign to recover lost tourist trade following 9/11 attacks
Residents of Japan, Canada and the United Kingdom are getting a taste of the United States' first-ever marketing campaign aimed at boosting tourism. The print, web and video ads released last week were created by Brand USA, a partnership of government agencies and private companies.
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Tuesday, May 8th 2012 - 02:39 UTC
Olympic/Malvinas ad: “creativity can’t be censored, it must be applauded”, says CFK
President Cristina Fernández said in relation to the controversial Olympic/Malvinas advert that “creativity can’t be censored”, on the contrary it should be “applauded” because it reflects the feelings of the Argentines. The head of state also rejected lifting the spot as demanded by Britain and the Y&R agency in New York.
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Tuesday, May 8th 2012 - 02:17 UTC
Portsmouth and Sheffield hold services to mark the 30th anniversary of the Falklands conflict
Hundreds of veterans and members of the public gathered on Sunday in Portsmouth and Sheffield to mark the 30 years since the Falkland Islands conflict.
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Tuesday, May 8th 2012 - 02:06 UTC
Mercosur “needs to be reborn” with an honest integration spirit, says Cardoso
Brazilian former president Fernando Henrique Cardoso said that Mercosur “needs to be reborn but with a real integration spirit among its members” leaving behind such ambitions as the mirror of the European Union.
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Tuesday, May 8th 2012 - 01:58 UTC
Respsol warns its peers with legal actions if they team up with nationalized YPF
Spain-based energy group Repsol has sent letters to oil majors including Exxon-Mobil, Chevron and Conoco-Phillips warning it would sue them if they try to invest in YPF or its assets, reports the British newspaper The Financial Times.
