Russia, Bulgaria and Greece have entered into a long-awaited deal to build an oil pipeline transporting Russian oil to a port in Northern Greece. The 280-km pipeline will transport crude oil from Bulgaria's Black Sea port Burgas to Greek Port...
Archive - March 2007
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The U.S. current account deficit hit a record high for the fifth straight year in 2006 despite of the fact that the imbalance in the fourth quarter narrowed, the Commerce Department reported on Wednesday. The current account deficit shot up by 8.2...
The banana company Chiquita Brands International has reached an agreement with the Justice Department over protection payments that it made to terrorist groups in Colombia. The company has stated that it would plead guilty to one count of doing...
In a recent sign of how major advertisers are shifting money out of traditional media, ad tracking firm TNS Media Intelligence reported that the nation's 50 biggest advertisers cut their spending on 'measured' media such as TV, print and Internet...
In February, China's exports of goods surged 52 percent against last year to $82.10 billion, at the same time imports increased 13 percent to $58.34 billion, according to customs figures released yesterday. The latest data suggests that the...
Chinese Commerce Minister Bo Xilai has recently said that China is in process to formulate a range of policies that are aimed at limiting its huge trade surplus. However, he further indicated that an overnight change in this direction is not...
The U.S. trade deficit narrowed by 3.8 percent in January to $59.1 billion as the country's exports surged to an all-time high, the Commerce Department reported on Friday. The Department of Commerce announced that total January exports of...
The US economy has generated jobs at a stable speed in February as the unemployment rate relaxed to 4.5 per cent, according to the latest government figures that appeased market fears regarding a possible slowdown. According to the report...
China has announced that it is setting up a new investment agency to gain higher returns on its foreign currency reserves of more than $1 trillion, the largest stockpile in the world. Chinese finance minister Jin Renqing said that China will...
The Bank of England has decided to hold UK interest rates unchanged at 5.25 percent. The decision to hold the rate was also taken with a view to help the stock market to continue its comeback from recent heavy setbacks. Despite the fact that it is...
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