Argentina

• Wednesday, May 9th 2012 - 08:01 UTC

  Spanish bank forecasts average growth of 4% for Argentina and the region in 2012

  

  The Argentine economy is set to grow 4% this year in line with the rest of the countries of the region according to a report, “Global Situation” from the Spanish-Argentine bank BBVA-Francés.

• Wednesday, May 9th 2012 - 07:39 UTC

  Argentina slaps huge fine on Spanish mobile phone service

  

  Argentina has fined Telefonica 43 million dollars for a mobile phone service interruption last month, which threatens to further exacerbate tensions between the two countries.

• Wednesday, May 9th 2012 - 02:32 UTC

  Malvinas/Olympic ad Argentine hockey player left out of Games warm-up in Malaysia

  

  The Argentine hockey player filmed training on the Falkland Islands in a controversial video that caused a furor in Britain last week has been dropped from Argentina’s final Olympic Games warm-up event.

• Tuesday, May 8th 2012 - 17:46 UTC

  Argentine Olympic Committee releases watered down statement on Malvinas spot

  

  The Argentine Olympic Committee has responded for the first time to an advertisement on state-run TV that links a dispute with Britain about the Falklands/Malvinas Islands to the London Games.

• Tuesday, May 8th 2012 - 06:23 UTC

  Galuccio wants YPF as the leading company in rejuvenation of marginal fields

  

  Argentina’s nationalized oil and gas corporation YPF newly appointed General Manager Miguel Galuccio hosted on Monday his first official meeting addressing an auditorium of 200 workers at the Comodoro Rivadavia plant where he announced that the strategic plan of the company will be ready in the next 100 days.

• 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.

• 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.

• 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.

• 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 - 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.