Business / Tags / Reserves

+7
Interesting
100% Credible

Lights Out in Venezuela

BUSINESS / NEWS Thu Jun 5, 2008 @ 8:12am neoform
BusinessWeek -- Despite huge oil and gas reserves, Venezuela lurches into a power crisis caused by years of infrastructure neglect Angela Marquez should be pleased, considering the long line of customers at her paint store in the central Venezuelan city of La Victoria.. Read More
+1
Under Rated

How Japan Helped Ease the Rice Crisis

BUSINESS / NEWS Fri May 23, 2008 @ 8:14am neoform
BusinessWeek -- Prices quickly fell on Tokyo's call to tap into its huge reserves. But how did the stash get so big, and why does rice-rich Japan import the staple? With prices now falling, the global rice crisis seems to be subsiding. That's thanks in part to a polic.. Read More
+1
Under Rated
100% Credible

Oil from a stone

BUSINESS / NEWS Wed Oct 31, 2007 @ 4:52pm neoform
CNN -- Touring a drilling site on a dusty mountain plateau above Rifle, Colo., Harold Vinegar stops, grins and then announces out of the blue, "I love that smell!" No, the Royal Dutch Shell chief scientist is not referring to the crisp fragrance of the high d.. Read More
+1
Under Rated

Oil price up on US supply slump

BUSINESS / NEWS Thu Sep 6, 2007 @ 3:43pm neoform
BBC News -- Oil prices rose above $77 a barrel on Thursday as official data showed that US reserves of crude and petrol had fallen more heavily than expected. Dwindling hopes of a rise in output from next week's meeting of producers cartel Opec, also pushed up pri.. Read More
+5
Interesting

China Says Investment Strategy Won't Hurt the U.S.

BUSINESS / NEWS Sun Mar 18, 2007 @ 12:59pm neoform
Washington Post -- Chinese Premier Wen Jiabao said plans to diversify the country's more than $1 trillion in reserves, roughly a third of which are held in U.S. Treasury bills, will not hurt the dollar or the American economy. Speaking at the close of the annual session.. Read More
+1
Under Rated
100% Credible

China to Open Fund to Invest Currency Reserves

BUSINESS / NEWS Fri Mar 9, 2007 @ 11:29pm neoform
New York Times -- BEIJING, March 9 — China will create an agency to invest its immense reserves of foreign currency, now totaling more than $1 trillion, the country’s finance minister announced on Friday. The minister, Jin Renqing, offered no specifics about how muc.. Read More
+3
Under Rated
80% Credible

Oil prices fall

BUSINESS / NEWS Wed Feb 28, 2007 @ 10:48am mrmdc
Yahoo News -- Oil prices fell Wednesday following a selloff on many global stock markets and expectations for lower demand from China, the world's second-largest oil consumer. Still, continued tensions over Iran and expectations that the latest snapshot of U.S. inve.. Read More
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