Archive for April 15th, 2008

Tokyo stocks close higher

Tuesday, April 15th, 2008

Tokyo stocks rebounded Tuesday. The 225-issue Nikkei Stock Average advanced 73.07 points, or 0.57 percent, from Monday to 12,990.58. The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 9.73 points, o ...

Brazil’s Petrobras denies giant oil field discovery

Tuesday, April 15th, 2008

Brazil's state-owned oil company Petrobras denied Monday an earlier announcement of the discovery of a gigantic oil and gas field in southeastern Brazil. The salt layer of the second well drilled in block BMS-9 of the announced oil ...

President: India wants to increase trade with Brazil

Tuesday, April 15th, 2008

India hopes its trade volume with Brazil will reach 10 billion U.S. dollars in 2010, up from the 3.1 billion dollars registered in 2007, Indian President Pratibha Devisingh Patil said in Sao Paulo Monday. In a speech to entrepreneur ...

Food price crisis imperils 100 mln in poor countries

Tuesday, April 15th, 2008

The surge in food prices could push 100 million people into deeper poverty, World Bank President Robert B. Zoellick said at the International Monetary Fund-World Bank Spring Meetings in Washington. "Based on a very rough analysis, w ...

Brazil discovers World’s 3rd-largest oil and gas reserves

Tuesday, April 15th, 2008

Brazil's state-owned Petrobras, BG Group and Repsol have discovered what could be the world's third-largest oil and gas reserves, Haroldo Lima, director of the National Oil and Gas Agency (ANP), which regulates the sector in the country, sa ...

Delta, Northwest Airlines tie the knot

Tuesday, April 15th, 2008

The boards of Delta Air Lines and Northwest Airlines on Monday agreed to merge in a deal that would create the world's largest airline, according to media reports. The combined airline will keep Delta's name, Atlanta headquarters and ...

New Zealand tourism operators encouraged to woo Chinese

Tuesday, April 15th, 2008

Too few New Zealand tourism operators are tapping into the nearly 40 million Chinese who travel every year, said Tourism New Zealand (TNZ) on Tuesday. In the TNZ-run magazine Tourism News issued on Tuesday, TNZ regional manager for ...

Blockbuster bids up to $1.35 billion for Circuit City

Tuesday, April 15th, 2008

Blockbuster Inc, the biggest movie-rental chain, made an unsolicited offer to buy Circuit City Stores Inc, for as much as $1.35 billion as the second- largest US electronics retailer struggles with falling sales. Blockbuster, based in Da ...