S Korean spending on energy imports peaks in the first half

Friday, July 11th, 2008

South Korea's spending on import of oil, coal, natural gas and other energy products in the first half of this year reach 70.2 billion U.S. dollars in the first half as international crude prices surge, the South Korea Customs Service said ...

POSCO’s earnings up 34% in the second quarter

Friday, July 11th, 2008

The POSCO, the world's fourth-largest steelmaker, said Friday that its earnings in April-June period gained 34 percent on-year due to the cost-saving efforts, solid demand and higher steel prices. The company said in the regulatory ...

Hotelier expects difficult year

Friday, July 11th, 2008

Marriott International Inc, the world's largest hotel chain, said second-quarter profit fell 24 percent and forecast more declines this year as US companies and consumers curb travel. Net income dropped to $157 million, or 42 cents a sha ...

French government to cut 30,000 jobs next year

Friday, July 11th, 2008

The French government will not have new employees to succeed over 30,000 civil servants who are due to retire next year, Eric Woerth, minister for the Budget, Public Accounts and the Civil Service, said Thursday. Some 30,000 to 32,0 ...

Ukrainian company says it owes $897 mln to gas intermediary

Wednesday, July 9th, 2008

Ukraine's state oil and gas company Naftogaz said on Tuesday it owes the gas trade intermediary RosUkrEnergo, 50 percent owned by Russian energy firm Gazprom, 897million U.S. dollars. "As of July 1 this year, the debt of Naftogaz to ...

Global oil production declines in 2007

Monday, July 7th, 2008

The British Petroleum Company PLC (BP) recently published the "Statistical Review of World Energy 2008." It reveals that the OPEC production cuts have influenced the decline in global oil production by 0.2% over the previous year to 81.5 mb ...

Inter-Korean trade surges in H1 despite political chill

Monday, July 7th, 2008

Inter-Korean trade went up sharply in the first half of 2008 year-on-year despite the frozen relationship between the two Koreas after President Lee Myung-bak took office in late February thanks to the increase of commercial trade, the Sout ...

"Pastors for Peace" arrive in Cuba with 100 tons of humanitarian aid

Monday, July 7th, 2008

Members of the U.S. inter-religious group "Pastors for Peace" arrived in Cuba Sunday with 100 tons of humanitarian aid, after overcoming some impediments at the U.S.-Mexico border. The group, which comes to Cuba every year in order ...