
The Panama flagged cruise vessel M/V Ushuaia is expected to arrive early next week in South Georgia to pick up the stranded 114 passengers and crew of a similar small cruise M/V Plancius which after experiencing serious propulsion trouble took shelter at King Edward Point Research Station in Grytviken.

Spanish officials warned Argentina on Friday that the country risks becoming an international pariah if it follows through on its threats to take control of Spanish-owned energy company Repsol's majority stake in its YPF unit.

Argentine President Cristina Fernandez de Kirchner has said it is “absurd” for the British government, which has enjoyed sovereignty over the Falkland Islands for 180 years, to maintain its claim from an ocean away “when these Islands are part of our maritime platform.” Applying the logic of Ms. Kirchner, Canada should be stoking international tensions in an effort to annex Saint-Pierre and Miquelon. And perhaps Greenland.

Retired Royal Marine Brigadier Ian Gardiner, who commanded a Marine company in the 1982 Falklands war, thinks a new Argentine attack on the Islands is unlikely.

Argentine President Cristina Fernández met with governors members of the Federal Organization of Hydrocarbon-producing States (OFEPHI) on Thursday evening and later in a flurry of television appearances ministers said energy self sufficiency was the target.

On the day Argentina was expected to make a major announcement referred to the oil industry and the ongoing dispute with Spain’s Repsol-YPF oil and gas corporation, president Cristina Fernandez surprised everybody by talking about chocolates, the yerba infusion and meat export taxes.

Argentine president Cristina Fernandez has sent a draft bill to her lawmakers in Congress that would allow the government to take a controlling stake in local oil and gas giant, YPF SA at the expense of its two largest shareholders, newspaper Clarin reported Thursday.

Argentine president Cristina Fernandez leaves on Friday for Colombia to attend the two-day sixth Summit of the Americas where she is scheduled to hold a meeting with President Barack Obama on request from the White House, according to the Executive press office in Buenos Aires.

Argentine opposition lawmakers presented on Thursday March’s inflation index based in the analysis of nine private agencies, which showed a 2.3% increase over the previous month.

The Argentine Catholic church expressed concern over the “important level of corruption” in the country and warned about the disturbing inequality and extended poverty.