Archive for May 13th, 2008
Tuesday, May 13th, 2008
The skyrocketing of the price of crude oil makes the Middle East countries' forex earnings increase fast. Most of these countries have established their sovereign wealth fund, as a way to increase the earnings of their forex deposit.
For ...
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Tuesday, May 13th, 2008
In the words of songwriter/singer Paul Simon, Sprint Nextel's customers are "slip sliding away."
The nation's number-three wireless provider exceeded Wall Street's forecast by 2 cents Monday, but that better-than-expected result has ...
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Tuesday, May 13th, 2008
Brazil's state-owned oil and gas giant Petrobras announced Monday that it had a net profit of 6.92 billion reais (4.2 billion U.S. dollars) in the first quarter of 2008 (1Q08), up 68 percent over the same period in 2007.
The company ...
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Tuesday, May 13th, 2008
Officials from China and the Democratic People's Republic of Korea (DPRK) vowed on Tuesday to deepen bilateral economic cooperation.
"The Chinese enterprises hope to cooperate with the DPRK in the fields of processing business, comp ...
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Tuesday, May 13th, 2008
Tokyo stocks advanced Tuesday.
The 225-issue Nikkei Stock Average gained 210.37 points, or 1.53 percent, from Monday to 13,953.73.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 17.26 ...
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Tuesday, May 13th, 2008
The U.S. dollar traded firmly at the upper 103 yen level Tuesday morning in Tokyo.
At noon, the dollar was quoted at 103.72-77 yen, against 103.69-79 yen in New York and 103.75-77 yen in Tokyo at 5 p.m. Monday.
The euro trad ...
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Tuesday, May 13th, 2008
High-level labor officials from the Group of Eight member states agreed Monday over the necessity to realize and tackle the issue of "working poor" in order to create balanced societies.
"Working poors" refer to people who have jobs ...
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Tuesday, May 13th, 2008
Australia's two major banks - Westpac and St George - agreed on merger terms, paving the way for the combined group to become Australia's biggest bank.
The announcement was made in a statement to the Australian Stock Exchange Tuesda ...
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