International

• 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.

• 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 - 02:14 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 - 01:40 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 - 00:03 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.

• Thursday, May 5th 2011 - 23:51 UTC

  Spain loses 12-year battle: Argentina can use La Rioja denomination for its wines

  

  Spain has lost its 12-year battle with Argentina over the use of the name La Rioja. The northwestern Argentine province of La Rioja was founded by a Spaniard in 1591; the Spanish were also responsible for introducing vines to the region, reports Decanter.com.

• Thursday, May 5th 2011 - 16:37 UTC

  FAO April food prices index stable but still 36% higher than in 2010

  

  Food prices remained virtually steady in April after falling in March following eight months of successive increases, FAO announced Thursday.

• Thursday, May 5th 2011 - 10:53 UTC

  Scientists plan to recreate Darwin’s five year voyage on HMS Beagle replica

  

  An international group of scientists plan to recreate Charles Darwin’s five-year sea voyage around the world aboard a replica of the HMS Beagle. They plan to set sail from London in 2014.

• Thursday, May 5th 2011 - 10:27 UTC

  Sixty years later NASA Gravity Probe B confirms predictions by Albert Einstein

  

  Nasa's Gravity Probe B has produced remarkable new confirmation of some key predictions by Albert Einstein. The satellite's observations show the massive body of the Earth is very subtly warping space and time, and even pulling them around with it.