Stories for May 6th 2011

Friday, May 6th 2011 - 06:02 UTC
Argentina leading steelmaker clashes with government over company control

A planned dividend payment by Argentine steelmaker Siderar was blocked by a judge on Thursday in the latest twist in a row linked to President Cristina Fernandez de Kirchner government's efforts to tighten control over leading companies.
Friday, May 6th 2011 - 02:42 UTC
First body recovered from Air France wreckage in seabed four kilometres deep

An undersea recovery team has retrieved a first body from the wreck of an Air France jet that crashed into the Atlantic in 2009 with the loss of all 228 on board, French police said on Thursday.
Friday, May 6th 2011 - 02:40 UTC
Falkland Islands issue special stamp to commemorate the Royal Wedding

The Falkland Islands Post Office issued a special stamp to commemorate the wedding of Prince William to Kate Middleton.
Friday, May 6th 2011 - 02:36 UTC
US jobs market remains soft and unemployment claims rose in April

The number of claims for US unemployment benefits unexpectedly rose last week, pushed up by auto-plant shutdowns and other unusual events that seasonal variations failed to take into account, the Labour Department said.
Friday, May 6th 2011 - 02:14 UTC
Iron-ore price doubles in a year; Brazil Vale’s profits soar to 6.8bn in first

Brazil’s Vale, the world’s largest iron ore producer, posted a record quarterly profit as mineral prices and sales of metals including copper and nickel surged. Net income increased to 6.83 billion USD from 1.6 billion, in the year-ago period, Vale announced Thursday in a regulatory filing.
Friday, May 6th 2011 - 01:42 UTC
Boosted by bio-fuels Brazil increases soy bean and oil processing-refining capacity

Brazil’s soy bean processing volume increased 7% in 2010 over 2009 while at the same time reducing idle capacity given the larger crop and a jump in the production of bio fuels, according to a release from Abiove, (Brazilian association of vegetable oil industries).
Friday, May 6th 2011 - 01:40 UTC
Indian lab opens facility in Argentina to act as global hub for cancer drugs

India’s Glenmark Pharmaceuticals on Thursday said it has opened its new facility in Argentina which would serve as a global hub for cancer treatment drugs.
Friday, May 6th 2011 - 00:14 UTC
Uruguay and United Arab Emirates sign an open skies agreement

A visiting delegation from the United Arab Emirates, UAE, signed this week an ‘open skies’ air services agreement with Uruguay.
Friday, May 6th 2011 - 00:10 UTC
Uruguayan inflation eases in April but still is almost double the annual target

Uruguay’s April consumer inflation, 0.34%, the lowest since last November came as a relief for government authorities, but the accumulated rate of the last twelve months was 8.34%, well above the Central bank 4% to 6% target. Furthermore compared to April 2010 inflation was almost double: 0.18% vs 0.34%, according to the country’s Statistics Institute, INE.
Friday, May 6th 2011 - 00:03 UTC
Commodity prices fall for the fourth day running; oil below 100 USD per barrel

Commodity prices fell on Thursday for a fourth day, following weak economic news from Europe and the US. Oil prices were down 10% at one stage, with US light, sweet crude ending the day below 100 US dollars a barrel.