Stories for May 8th 2012

Tuesday, May 8th 2012 - 22:37 UTC
China buying oil from Iran using the Yuan, reveals Teheran ambassador in UAE

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.
Tuesday, May 8th 2012 - 22:35 UTC
Costa Concordia French survivors reach settlement with the cruise company

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.
Tuesday, May 8th 2012 - 22:29 UTC
Costa cruise announces 7 new safety measures including mandatory safety drills

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.
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 - 17:17 UTC
Brazil’s Rousseff sees in Hollande an ally to counter Merkel’s austerity policies

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.
Tuesday, May 8th 2012 - 17:03 UTC
New records for Chilean president Piñera: approval 26%; disapproval 66%

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.
Tuesday, May 8th 2012 - 16:53 UTC
Chile’s inflation slowed to its lowest level in seven months in April

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.
Tuesday, May 8th 2012 - 06:27 UTC
Peru and Colombian presidents busy looking for trade and investments in Asia

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.
Tuesday, May 8th 2012 - 06:25 UTC
Falklands’ trade mission in Aberdeen for investments and know-how to develop its oil industry

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.
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.