Archive for May 29th, 2008

LA area ports honored for efforts to reduce air emissions

Thursday, May 29th, 2008

The U.S. Environmental Protection Agency Wednesday honored the ports of Los Angeles and Long Beach with a Clean Air Excellence Award for their plan to reduce air emissions from port-related sources. The twin ports in the Los Angeles ...

Philippines posts GDP growth of 5.2 pct in Q1

Thursday, May 29th, 2008

The Philippines posted a growth rate of 5.2 percent in the first quarter of this year, compared with the previous year's 7.0 percent, the government said on Thursday. The Philippine economy succumbed to rising oil prices, the slowdo ...

Indonesia withdraws from OPEC

Thursday, May 29th, 2008

Indonesia, the only OPEC member in Southeast Asia, will pull out of the group after aging fields and declining production force the region's biggest economy to boost imports as crude oil prices reached records. Energy Minister Purnomo Yu ...

South Korean company to buy into Sinopec project

Thursday, May 29th, 2008

SK Energy, South Korea's largest oil company, said it will buy a 35 percent stake in a joint petrochemical project with Sinopec in Hubei province. The two companies signed a framework agreement to form a joint venture, SK Energy said in ...

Argentina suspends natural gas supply to Chile

Thursday, May 29th, 2008

Argentina totally suspended natural gas supply to the central-south region of Chile on Wednesday, Chilean Energy Minister Marcelo Tokman said. Tokman said the cut would be temporary and the supply was expected to be resumed by the e ...

Food crisis adds 500,000 to Guatemala, El Salvador’s poor

Thursday, May 29th, 2008

The current world food crisis has pushed at least 500,000 people in Guatemala and El Salvador into poverty, officials with the United Nations World Food Program(WFP) said Wednesday. These people were already a step away from falling ...

Dollar trades in upper 104 yen in Tokyo

Thursday, May 29th, 2008

The U.S. dollar traded in the upper 104 yen range early Thursday in Tokyo. At 9 a.m., the dollar was quoted at 104.61-66 yen against 104.62-72 yen in New York and 103.95-97 yen in Tokyo at 5 p.m. Wednesday. The euro was ...

Tokyo stocks open sharply higher

Thursday, May 29th, 2008

Tokyo stocks opened sharply higher Thursday. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average gained 214.11 points, or 1.56 percent, from Wednesday to 13,923.55. The broader Topix index of all First Sec ...