Archive for March 12th, 2008

Dollar trades just above 103 yen in Tokyo

Wednesday, March 12th, 2008

The U.S. dollar traded just above the 103 yen line Wednesday morning in Tokyo. At noon, the dollar was quoted at 103.02-07 yen against 103.37-47 yen in New York and 102.18-21 yen in Tokyo at 5 p.m. Tuesday. The euro traded a ...

Argentina agrees to guarantee natural gas supply to Chile

Wednesday, March 12th, 2008

Argentina has formally promised to guarantee natural gas supplies to Chile and increase volumes when demand rises, Chile's National Energy Commission said on Tuesday. The measure is part of a larger agreement with Argentina's Energy ...

Brazil’s Petrobras signs gas agreement with Shell

Wednesday, March 12th, 2008

Brazil's state-owned oil and gas giant Petrobras announced Tuesday it has signed an agreement with multinational Shell, which agreed to provide liquefied natural gas (LNG) to regasification terminals in Brazil. Petrobras said the LN ...

U.S. dollar rebounds on central banks’ liquidity measures

Wednesday, March 12th, 2008

The U.S. dollar rebounded across the board Tuesday after the U.S. Federal Reserve and other central banks announced new measures to inject liquidity into stressed financial markets. The dollar had slumped to a new low against the eu ...

Sprint struggles, shares sink to 20-year low

Wednesday, March 12th, 2008

Sprint Nextel Corp. shares hit their lowest mark in almost 20 years Tuesday amid ongoing troubles for the struggling wireless carrier. Sprint's shares fell 1 U.S. dollar, or 15 percent, to 5.72 dollars in early afternoon trading. Ear ...

Indian shares open higher

Wednesday, March 12th, 2008

Indian shares opened higher on Wednesday, with the key Sensex index up 2.59 percent shortly after opening. Sensex rose 417.99 points, or 2.59 percent to 16,541.14 points. Sensex is the common name for the Bombay Stock Exchan ...

Third A380 arrives in Singapore

Wednesday, March 12th, 2008

The third super jumbo A380 delivered by Airbus to Singapore Airlines (SIA) arrived here Wednesday morning, SIA said. The world's largest passenger aircraft was handed over to SIA at the Airbus Delivery Center in Toulouse, France on ...

Tokyo stocks gain nearly 3%

Wednesday, March 12th, 2008

Tokyo stocks gained nearly 3 percent Wednesday morning. The 225-issue Nikkei Stock Average rose 341.56 points, or 2.70 percent, from Tuesday to 12,999.84. The broader Topix index of all First Section issues on the Tokyo Stoc ...