Archive for March 7th, 2008
Friday, March 7th, 2008
Indian shares opened lower on Friday, with the key Sensex index down 2.0 percent shortly after opening.
Sensex declined 330.12 points, or 2.0 percent to 16,211.96.
Sensex is the common name for the Bombay Stock Exchange Sens ...
Posted in People | No Comments »
Friday, March 7th, 2008
Citigroup will radically shrink its troubled mortgage business in a bid to save 2 million U.S. dollars a year, the American financial giant announced Thursday.
The New York-based bank plans to integrate its mortgage businesses, incl ...
Posted in People | No Comments »
Friday, March 7th, 2008
Venezuelan President Hugo Chavez on Thursday signed an energy accord with his visiting Argentine counterpart Cristina Fernandez.
Under the agreement, Venezuela's state oil company, or PDVSA, and Argentina's energy firm Energia Argen ...
Posted in People | No Comments »
Friday, March 7th, 2008
The Brazilian miner Vale, world's largest iron ore producer, struck a deal Thursday with the Luxemburg-based Arcelor Mittal, world's largest steel maker to raise the iron ore price in 2008.
Under the deal, the price of the iron ore ...
Posted in People | No Comments »
Friday, March 7th, 2008
Colombia on Thursday demanded fair compensation for its enterprises that have been or are about to be nationalized in Venezuela, in a new twist in the diplomatic and border tension between the two countries.
Colombian Treasury Minis ...
Posted in People | No Comments »
Friday, March 7th, 2008
The biofuel issue was discussed by more than 1,000 experts from 55 countries at the 10th International Encounter of Economists on Globalization and Development Problems held in Havana Thursday.
The issue was discussed at a panel ent ...
Posted in People | No Comments »
Friday, March 7th, 2008
The dollar slided to a new record low against the euro on Thursday after the European Central Bank (ECB) kept its benchmark rate on hold and a new report showed that U.S. housing market could get worse.
ECB decided on Thursday to ho ...
Posted in People | No Comments »
Friday, March 7th, 2008
The U.S. dollar traded in the middle of the 102 yen level early Friday in Tokyo.
At 9 a.m., the dollar was quoted at 102.57-62 yen, compared with 102.61-71 yen in New York and 103.56-59 yen in Tokyo at 5 p.m. Thursday.
...
Posted in People | No Comments »