Archive for May 26th, 2008

EU dissent on trade deal push

Monday, May 26th, 2008

European trade chief Peter Mandelson will face increased opposition from European Union foreign ministers today when he tells them how he will try to keep struggling global trade negotiations alive. Some EU countries, chief among th ...

Buffett sees "deeper, longer" U.S. recession

Monday, May 26th, 2008

The United States is "already in recession," and it will be "deeper" and "longer " than people think, said Warren Buffett in an interview with German magazine Der Spiegel on Saturday. Buffett said the United States is already in rece ...

Sugar shortage sends prices up in Zambia

Monday, May 26th, 2008

Some parts of Zambia have been experiencing a critical shortage of sugar and the price is shooting up as a result, according to Sunday Times of Zambia. But the Sugar Producers Association of Zambia (SPAZ) has assured that normal sug ...

New gas refinery inaugurated in Iran

Monday, May 26th, 2008

Iran's oil minister Gholam Hossein Nozari Saturday officially inaugurated Masjed Soleiman gas refinery in southwestern province of Khuzestan, Iran Daily reported on Sunday. The refinery can produce one million cubic meters of gas pe ...

Iran to boost oil production

Monday, May 26th, 2008

Iran's deputy oil minister said that Iran will boost its oil output to 4.3 million barrels per day by the end of March 2009, local daily Kayhan International reported on Sunday. Such a rise of oil production owes to some major proje ...

Thai official: Japan’s plan to export stocked rice to depress rice market

Monday, May 26th, 2008

The Japanese government's plan to export rice from its warehouses will depress rice market mechanisms and set global rice prices into volatile motion, a senior Thai commerce ministry official was quoted by media here as warning on Sunday. ...

African lawmakers discuss aid effectiveness in Kenya

Monday, May 26th, 2008

More than 100 African lawmakers including those from regional economic blocs are discussing aid effectiveness, political parties and the role of the media in Nairobi on Monday. The conference, which opened on Sunday, aims at scrutin ...

Iran conservatives support ex-nuclear chief for post of speaker

Monday, May 26th, 2008

Iran's majority conservatives on Sunday elected Ali Larijani, former top nuclear negotiator, as the candidate for speaker in the new parliament. The conservatives chose Larijani by 161 votes against 50 for the outgoing speaker Ghola ...