Stories for May 2nd 2011

Monday, May 2nd 2011 - 15:32 UTC
Petrobras announces discovery of new high-quality deep water oil deposit

Brazilian government controlled oil and gas corporation Petrobras announced the discovery of a new high-quality crude deposit in ultra-deep waters off Brazil’s south-eastern coast.
Monday, May 2nd 2011 - 15:29 UTC
BAE wins £59m contract for Falklands patrol ship maintenance HMS Clyde

BAE Systems, Britain's biggest defense company, has won a £59m contract for the maintenance of HMS Clyde, the Royal Navy's continuously-deployed patrol vessel in the Falkland Islands.
Monday, May 2nd 2011 - 06:53 UTC
Two wars and 15 years to catch the most hated and feared men in the world

Osama Bin Laden came to the world's attention on 11 September 2001, when the attacks on the United States left more than 3,000 people dead and hundreds more injured. In a matter of three years, the Saudi-born dissident had emerged from obscurity to become one of the most hated and feared men in the world.
Monday, May 2nd 2011 - 06:46 UTC
“Justice has been done”, said Obama announcing the killing of Bin Laden

Osama Bin Laden, the mastermind of the most devastating attack on United States soil in modern times and the most hunted man in the world, was killed in a fire-fight with US forces in Pakistan on Sunday, President Obama announced.
Monday, May 2nd 2011 - 01:10 UTC
“Blessed” John Paul II, a step closer to sainthood; 1.5 million attend ceremony

The late Pope John Paul II was moved a major step closer to sainthood at a ceremony that drew about a million and a half people to Rome and was celebrated by Catholics around the world.
Monday, May 2nd 2011 - 01:03 UTC
Brazil’s Rousseff frustrates top business leaders but is praised by landless peasants

Brazilian president Dilma Rousseff left top bankers, investors and corporations CEO frustrated following her decision to cancel a speech to the World Economic Forum on Latin America meeting in Rio do Janeiro.
Monday, May 2nd 2011 - 00:59 UTC
Spain main bank’s profits sustained by Latin America branches, mainly Brazil

Spain’s biggest bank Santander reported first-quarter profit declined 5% as lower earnings at home offset gains in Latin America. Net income fell to 2.11 billion Euros from 2.22 billion Euros a year earlier, the Spanish bank said in a filing Friday.
Monday, May 2nd 2011 - 00:48 UTC
Argentina looses a master of literature, human rights and common sense

Argentine writer and human rights militant Ernesto Sabato died at his home on Saturday morning at the age of 99. He has been suffering from bronchitis. A physicist by training he became famous because of his writing; however he had not produced any works for quite some time.
Monday, May 2nd 2011 - 00:42 UTC
Japan’s industrial output plunges record 15.3% and household spending 8.5%

Japan's industrial output fell a record 15.3% in March from the previous month, while household spending tumbled the government announced Thursday, direct result of the earthquake impact and ongoing nuclear crisis.
Monday, May 2nd 2011 - 00:40 UTC
Chrysler to repay bailout loans to US and Canada governments next June

Chrysler anticipated that by the second quarter it will have repaid bailout loans worth more than 7 billion US dollars given by the US and Canadian governments. The auto group said it would pay back the bailout by June with loans from investors.