Stories for May 2012

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.
Monday, May 7th 2012 - 19:19 UTC
Medvedev-Putin, now becomes Putin-Medvedev for the next six years

Vladimir Putin, who was officially sworn in for a third term as president of Russia on Monday after four years of serving as the country’s prime minister, has nominated his predecessor Dmitry Medvedev to replace him as prime minister.
Monday, May 7th 2012 - 17:39 UTC
Mexican presidential front-runner confirms clear lead following televised debate

Mexican presidential front-runner Enrique Peña Nieto retains a clear lead for the July 1 election after a televised debate in which he came under sustained fire from opponents, a poll showed on Monday.
Monday, May 7th 2012 - 17:33 UTC
Argentina takes official control of YPF; Rajoy asks: who can trust that country?

The Argentine decision to seize control of 51% of YPF oil and gas giant came into effect on Monday as a decree was published on the Official Gazette. From Spain a new barrage of criticisms in support of Repsol and condemning Argentina started the week.
Monday, May 7th 2012 - 17:28 UTC
EU ready to cut trade benefits to Argentina because of YPF; warns the region on growing protectionism

European Trade Commissioner Karel de Gucht expressed concern Monday over what he called a “growing tendency towards protectionism across Latin America” and warned Europe is preparing retaliation measures against Argentina after YPF expropriation
Monday, May 7th 2012 - 07:21 UTC
Malvinas spot could ruin Argentine Olympic team spirit, warns athletes’ delegate

The controversial Malvinas/Olympics advert promoted by the Argentine government ahead of the London Games not only has had negative reactions worldwide but has also triggered deep concern among members of the Argentine Olympic team.
Monday, May 7th 2012 - 07:02 UTC
Malvinas/Olympics advert athlete now admits he was aware the filming was for the Argentine government

Argentine athlete Fernando Zylberberg involved in the controversial Malvinas/Olympics advert which is being aired by the Argentine government, contrary to his original statements, has admitted he knew the spot filmed in the Falkland Islands would be used by the government.
Monday, May 7th 2012 - 05:43 UTC
Latam-Asia trade expanding at an annual rateo f 20.5%, reaching 442bn in2011

Trade between Asia and Latin America reached 442 billion dollars in 2011 growing at an annual rate of 20.5% in the last twelve years according to a joint report from the Inter American Development Bank and the Asian Development Bank.
Monday, May 7th 2012 - 05:04 UTC
Record season for the Falklands Meat company with over 540 tons processed

Despite logistical issues in the early part of the season the Falkland Islands Meat Company, (FIMCo) completed a record breaking high season on April 27, with 47,200 sheep and lambs processed and over 540 tons of meat and offal produced, earning farmers more than £1million for their animals.
Monday, May 7th 2012 - 04:59 UTC
Soybeans becomes Uruguay’s main export item, estimated at 1.1bn in 2012

Soybeans are set to establish several records this year in Uruguay: exports will be above one billion dollars; for the first time the oilseed will be the leading export item of the country displacing beef and prospects for the next season are that over a million hectares will be planted.