International

• Monday, May 9th 2011 - 18:59 UTC

  Brazil’s Vale invests 2 billion USD to develop Mozambique vast coal reserves

  

  The world’s largest iron-ore producer, Brazil’s Vale will double investments in Mozambique to 4 billion US dollars in the next four years, said on Monday Chief Executive Officer Roger Agnelli.

• Monday, May 9th 2011 - 18:48 UTC

  Repsol plans to sell an additional 3% of YPF in the Argentine market

  

  Spain’s oil company Repsol plans to sell up to 3% of YPF on the Argentine market as part of a gradual divestment of its stake in that unit, according to company sources.

• Monday, May 9th 2011 - 16:54 UTC

  Global central bankers concerned with commodity markets’ volatility

  

  Global central bankers voiced concern about recent volatility in commodity markets, saying they needed to better understand its impact on inflation at a time when some emerging economies may be overheating.

• Monday, May 9th 2011 - 06:07 UTC

  Latam development bank plans more flexible loans tailored to countries needs

  

  The Inter-American Development Bank (IDB) announced the approval of a Flexible Financing Facility (FFF) that will enable Latin American and Caribbean countries to tailor loan terms and conditions to suit their individual needs, as well as to use hedges to manage interest rate and currency risks associated with their IDB debt.

• Monday, May 9th 2011 - 05:57 UTC

  Second body recovered from Air France mid Atlantic wreckage

  

  French police said a second body has been removed from the underwater wreckage of the Air France flight that crashed into the Atlantic Ocean nearly two years ago. A remote-controlled submarine raised a body that was still strapped into an airline seat some 3,900 metres to the water's surface Friday.

• Monday, May 9th 2011 - 05:52 UTC

  ‘Informal’ talks with Spain to address Bay of Gibraltar incidents and Trilateral Forum

  

  Gibraltar’s Chief Minister met ‘informally’ with President Rodriguez Zapatero’s top Moncloa official Bernardino Leon to seek ways of getting the tripartite (UK, Spain, Gibraltar) process back on its feet.

• Monday, May 9th 2011 - 00:56 UTC

  Landslide SNP victory: London will not block referendum on Scottish independence

  

  UK government will not move to block a referendum on Scottish independence, the Secretary of State for Scotland Liberal Democrat MP Michael Moore has said adding constitutional questions raised about the rights or wrongs of holding a vote would not be raised.

• Monday, May 9th 2011 - 00:53 UTC

  Two-day strategic and economic dialogue between US and China

  

  Top US and Chinese officials will be meeting for two days in Washington, starting this Monday. The heads of 16 US government agencies and representatives from 20 Chinese government departments will discuss the most difficult issues in a complex, interdependent relationship.

• Saturday, May 7th 2011 - 04:49 UTC

  UK overwhelmingly rejects changing MP’s first-past-the-post electoral system

  

  UK has voted overwhelmingly to reject changing the way MPs are elected - dealing a bitter blow to Nick Clegg on top of heavy Lib Dem poll losses. Officials say 19.1m people voted in the second UK-wide referendum in history - a higher than expected turnout of 41%.

• Saturday, May 7th 2011 - 04:47 UTC

  Greek exit from Euro zone becomes an option; Portugal faces two-year recession

  

  Top finance officials of the Euro zone's biggest economies met to discuss Greece's debt crisis and Athens denied a media report that it was considering whether to leave the block.