Stories for May 2012

Saturday, May 5th 2012 - 06:31 UTC
A successful oil and gas engineer with global experience, YPF next CEO

A drilling engineer with a long experience in the oil and gas industry Miguel Galuccio, 44, will be taking over as of next Monday as manager of the nationalized YPF corporation, announced on Friday Argentine President Cristina Fernandez.
Saturday, May 5th 2012 - 06:26 UTC
Uruguay supports Argentina’s seizure of YPF but countries decide “proceedings”

Uruguayan Foreign Minister Luis Almagro backed Argentina’s controversial decision to nationalize the country's biggest oil company YPF arguing countries’ right to recover a strategic market is “indisputable”.
Saturday, May 5th 2012 - 06:22 UTC
Argentine government ad campaigns increased 25 times since 2003, says Poder Ciudadano

The Argentine government spent 1.225 billion Pesos (307.8 million dollars) in 2010 on public advertising campaigns, an increase of 25 times since 2003, according to a recent study released by Poder Ciudadano, the Argentine national chapter of Transparency International.
Saturday, May 5th 2012 - 06:09 UTC
London’s mayor Johnson saves Tories from a humiliating defeat in council elections

Boris Johnson dodged a humiliating nationwide defeat for Prime Minister David Cameron by winning London in local elections that saw voters angry at Britain's economic woes flock to opposition Labour and a right-wing anti-European fringe party.
Saturday, May 5th 2012 - 06:01 UTC
Brazil received 5.4 million tourists in 2011 with Argentina providing 1.6 million

Brazil received more than 5.4 million international visitors in 2011, up 5.35 from 2010, the Tourism Ministry announced Friday. The number of visitors from other South American nations rose from 2.384 million in 2010 to 2.628 million in 2011.
Saturday, May 5th 2012 - 05:58 UTC
FIFA concerned with the pace of preparations for the 2014 Brazil World Cup

FIFA president Sepp Blatter has expressed concern about the slow pace of preparations for the 2014 World Cup in Brazil and said he wanted the delays to be made up as soon as possible.
Saturday, May 5th 2012 - 01:38 UTC
IOC criticizes Argentina for involving the Games with politics and Falklands’ dispute

The International Olympic Committee, IOC, criticized on Friday an Argentine television spot that links the London Games to Argentina's sovereignty dispute with Britain over the Falkland Islands, calling it a blatant attempt to use the games for political purposes.
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”.