Stories for May 8th 2012
China is buying crude oil from Iran using its currency the Yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency.
The owner of the Costa Concordia cruise liner that ran aground off northwest Italy in January has paid more than two million Euros to French survivors in a settlement, their lawyer said Tuesday.
Costa Cruises announced the introduction of seven new safety measures over the weekend during a ceremony celebrating the delivery of the company's new 665 million dollars flagship.
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.
Dilma Rousseff is interested in having French elected-president Francois Holland make an official visit to Brasilia to talk about the current world situation since the Brazilian leader believes they both share positions regarding the global crisis and austerity policies.
Chilean President Sebastián Piñera has reached his lowest level of citizen approval since he came to office in 2010, according to the latest Adimark poll released on Monday.
Chile's consumer price inflation slowed to the lowest level in seven months in April, data released by the National Institute of Statistics showed on Tuesday.
Two South American presidents accompanied by several ministers and business delegations will be spending this week in Asia promoting trade and investment and looking to consolidate links with the world’s second largest economy and the fastest growing continent.
The largest trade mission to visit Britain from the Falkland Islands for almost 20 years will arrive in Aberdeen on Tuesday to explore the opportunities arising from the Islands’ fledgling oil and gas industry, reports The Scotsman.
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.