Archive for March 11th, 2008

Arcelor Mittal wins EU approval to buy Estonian steel galvanizing company

Tuesday, March 11th, 2008

Arcelor Mittal, the world's largest steelmaker, won approval on Monday from the European Union (EU) to buy Galvex OU, the Estonian privately-owned steel galvanizing company based in Tallinn. "The proposed transaction would not imped ...

Sao Paulo to fight Rio for oil and gas royalties

Tuesday, March 11th, 2008

Brazil's Sao Paulo state government will fight for a share of the royalties from oil and gas production in the newly-found oil fields of Tupi and Jupiter, which are expected to be destined to Rio de Janeiro state, local press reported Monda ...

Chile, Ecuador to carry out joint gas exploration

Tuesday, March 11th, 2008

Chile's state National Petroleum Company and its Ecuadorian counterpart, Petroecuador, have agreed to jointly explore for gas reserves, the two nations' presidents announced Monday. No details of the agreement were immediately made ...

U.S. Dollar falls against major currencies

Tuesday, March 11th, 2008

The dollar fell against most major currencies on Monday for fears of a U.S. recession. The euro briefly fell during the session after Europe's top monetary official said he was worried about recent exchange rate moves. "Exce ...

ADB: Regional economic co-op to deepen in Asia

Tuesday, March 11th, 2008

Economic cooperation and integration will deepen and be a key pillar of Asia's development strategy, the head of the Asian Development Bank (ADB) Haruhiko Kuroda said Monday. Addressing a conference here on "European and Asian Integ ...

Most stocks decline in Europe, Asia

Tuesday, March 11th, 2008

Most European stocks fell and Asian shares slumped as commodities producers and technology companies retreated on concern the US economy has entered a recession. US index futures rose on speculation the Federal Reserve will accelerate in ...

OPEC weekly oil prices surpass $97

Tuesday, March 11th, 2008

The weekly average oil prices of the Organization of Petroleum Exporting Countries (OPEC) hit 97.42 U.S. dollars per barrel (dpb) last week, the Vienna-based cartel said Monday. The weekly oil prices have been rising constantly for ...

Germany registers 26.2-bln-dollar trade surplus in January

Tuesday, March 11th, 2008

Germany registered a better-than-expected trade surplus of 17.1 billion euros (26.2 billion U.S. dollars) in January despite the strong euro, the Federal Statistical Office Destatis said Monday. Germany had recorded a trade surplus ...