Archive for April 12th, 2008
Saturday, April 12th, 2008
Prices of agricultural products are expected to keep on rising due to growing global consumption, Brazil's Agriculture Minister Reinhold Stephanes said on Friday.
The Brazilian minister's comments were made amid growing concerns ove ...
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Saturday, April 12th, 2008
Finance officials from the world's seven richest nations vowed on Friday to take reforms to combat the current financial crisis that has sent tremors around the globe.
"The global economy continues to face a difficult period. We rem ...
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Saturday, April 12th, 2008
The daily average oil prices of the Organization of Petroleum Exporting Countries (OPEC) set a new record of 103.74 U.S. dollars per barrel (dpb) Thursday, the Vienna-based cartel said Friday.
The prices were 0.86 dollars higher tha ...
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Saturday, April 12th, 2008
Wall Street stumbled Friday with the major indexes falling more than 2 percent on a disappointing report from General Electric Co.
GE said its financial-services divisions have been challenged by the slowing U.S. economy and difficu ...
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Saturday, April 12th, 2008
Crude prices ended slightly higher Friday, recovering from earlier losses as the International Energy Agency (IEA) lowered its global oil demand forecast.
The IEA lowered its global oil demand forecast for the year by 310,000 barrel ...
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Saturday, April 12th, 2008
The Los Angeles International Airport (LAX) felt the sting of flight concelations after American Airlines canceled 595 flights nationwide on Friday.
The airline took the move as it worked to complete safety checks on its MD-80s, dis ...
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Saturday, April 12th, 2008
Developing economies now produce 41 percent of the world's output, up from 36 percent in 2000, the World Bank said Friday.
"The combined output of the world's economies reached 59 trillion dollars in 2006," said the international in ...
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Saturday, April 12th, 2008
Wall Street extended early losses Friday, after General Electric reported disappointing financial results and consumer confidence dropped to 26 year-low.
U.S. consumer sentiment index fell to 63.2 in early April from 69.5 in March, ...
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