Politics

• 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 - 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.

• 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 - 02:17 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.

• 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 - 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.