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Wall Street posts best gains since Depression Tuesday, March 9, 2010 @ 4:38PMWall Street has marked its best 12-month rise since the rebound from the Great Depression in the 1930s.
Rupert Murdoch: Gulf should lift media restrictions Tuesday, March 9, 2010 @ 4:38PMRupert Murdoch, chairman of News Corp, has called on the Middle East to open itself up to foreign competition to fulfil its potential as a future media hot spot.
Chevron to shed 2,000 jobs, sell some assets Tuesday, March 9, 2010 @ 4:35PMChevron plans to cut 2,000 jobs, sell some overseas assets in restructuring
Two oil firms expand staffs Tuesday, March 9, 2010 @ 4:31PMLeased space in the Park County Complex for five commercial tenants and the library administrative offices will be emptied soon to make room for more than a dozen new jobs at two oil companies.
NV Gas Prices Up 4 Cents to $2.83 Tuesday, March 9, 2010 @ 4:30PMNevada gas prices rose 4 cents over the past month to a statewide average of $2.83 per gallon.
(AFX UK Focus) 2010-03-09 21:58 Iranian parliament rejects Ahmadinejad subsidy cut Tuesday, March 9, 2010 @ 4:28PMTEHRAN, March 9 (Reuters) - Iran's parliament on Tuesday blocked President Mahmoud Ahmadinejad's plan to phase out subsidies on food and energy by approving only half of the savings requested by the government, news agencies reported. Parliament on Monday approved the outlines of Ahmadinejad's 2010/11 budget but some lawmakers warned planned cuts in subsidies could spark runaway inflation. The ...
Market looks to extend winning streak Tuesday, March 9, 2010 @ 4:26PMThe Australian stock market received a mostly positive set of leads from offshore trading, with Wall Street and base metals prices trading higher.
Crude Oil Settles Above $81; Weak Supply Tuesday, March 9, 2010 @ 4:25PMCrude oil futures slumped Tuesday, trading in a tight range before settling ahead of weak weekly inventory data.
Eastday-PetroChina marks 1st foray Monday, March 8, 2010 @ 5:58PMPetrochina and Royal Dutch Shell have made a joint bid for Arrow Energy for at least A$3.3 billion (US$3 billion), marking the first foray by a Chinese firm in Australia's coal seam gas sector.
Jet fuel export to US forces: Parco declines supply to PSO on credit Monday, March 8, 2010 @ 5:58PMISLAMABAD (March 09 2010): The Pak-Arab Refinery (Parco) has declined to provide jet fuel to Pakistan State Oil (PSO), on credit, for export to the US-allied forces operating in Afghanistan, Business Recorder has learnt.
Stocks to watch: Monday, March 8, 2010 @ 5:55PMKUALA LUMPUR: The overall market may take a breather on Tuesday, March 9 after Monday’s surge which drove the FBM KLCI to a two-year high after a lacklustre overnight close on Wall Street.
L1 Capital Corp. and Breaking Point Developments Inc. Announce a Merger and Proposed Qualifying Transaction Monday, March 8, 2010 @ 5:54PMCALGARY, ALBERTA--(Marketwire - March 8, 2010) - L1 Capital Corp. , ("L1") listed on the TSX Venture Exchange Inc. as a capital pool company (the "TSXV" or the "Exchange") under the trading symbol "LOA.P" and Breaking Point Developments Inc. ("BPD") (TSX VENTURE:BPD.P) listed on the TSXV as a capital pool company under the trading symbol "BPD.P" are pleased to announce that they have entered ...
Centric Energy Corp. Closes C$1,300,000 Private Placement Monday, March 8, 2010 @ 5:54PMLONDON, ENGLAND--(Marketwire - March 8, 2010) - Centric Energy Corp. ("Centric Energy" or "the Company") (TSX VENTURE:CTE) announces the completion of the first tranche of its C$1,500,000 non-brokered private placement announced on January 27, 2010. The private placement is being completed in two tranches in order to satisfy certain TSX Venture Exchange requirements, with the second tranche to ...
Productive walk through latest palm oil expo Monday, March 8, 2010 @ 5:54PMTODAY is the start of Bursa Malaysia’s 21st Palm and Lauric Oils Conference & Exhibition/Price Outlook 2010-2011 or POC 2010 in short.
SAAG sees turnaround this year Monday, March 8, 2010 @ 5:53PMPETALING JAYA: SAAG Consolidated (M) Bhd expects to turn around in its financial year ending Dec 31 (FY10) as its three rigs begin deployment starting from the second quarter.
Banking stocks propel FBM KLCI to a two-year high Monday, March 8, 2010 @ 5:52PMPETALING JAYA: Banking stocks are the big winners of a higher interest rate, with their share prices up sharply for a second straight day on expectation that bottomlines will be boosted by fatter margins amid a recovering economy.
Tents for Haiti Project works to rebuild Haiti one village at a time Monday, March 8, 2010 @ 7:03AMNever take the roof over your head for granted. This is what the team of 27 volunteers traveling with the Souderton Mennonite Church learned when they lived through the earthquake that hit Haiti in January, and saw the devastation that it caused an already impoverished people.
Wanderport Updates on US Distributor Monday, March 8, 2010 @ 7:00AMNEW YORK, NY--(Marketwire - 03/08/10) - Wanderport Corp. (Pinksheets: WDRP - News ) today released information relating to the American distributor with whom they recently signed a letter of intent. The US marketplace consists of various sales and distribution channels from large "Do it yourself" retail stores, plumbing wholesalers to dealers and appliance distributors to name a few. Wanderport ...
GeoMet Announces Proved Reserves of 209 Bcf at December 31, 2009 Monday, March 8, 2010 @ 7:00AMHOUSTON, TX--(Marketwire - 03/08/10) - GeoMet, Inc. (NASDAQ: GMET - News ) today announced that its proved natural gas reserves as of December 31, 2009 prepared by DeGolyer and MacNaughton ("D&M"), independent petroleum engineers, totaled 209 billion cubic feet (Bcf). After consideration of production for the period, proved reserves decreased less than 1% from the 213 Bcf of reserves as of ...
(AFX UK Focus) 2010-03-08 02:11 HK stocks to open up 1.5 pct; ICBC, CCB rise Sunday, March 7, 2010 @ 8:42PMHONG KONG, March 8 (Reuters) - Hong Kong shares are set to open up 1.5 percent on Monday with smaller-than-expected job losses in the United States lifting risk appetite and helping to send Chinese financial shares higher.
Essar Buys Overseas Coal Mine Amid Tighter Supply (Update1) Sunday, March 7, 2010 @ 8:42PMMarch 8 (Bloomberg) -- Essar Group said its purchase of Trinity Coal Corp. , the Indian company’s first overseas coal mine acquisition, will help lock in raw materials with coal and iron ore prices poised to rise as the global economy recovers.
(AFX UK Focus) 2010-03-08 02:29 Techs lift Taiwan stocks; eyes on Feb sales Sunday, March 7, 2010 @ 8:41PMTAIPEI, March 8 (Reuters) - Taiwan stocks rose 0.9 percent on Monday to a more than one-month intraday high, led by gains in major exporters including Hon Hai after sharp gains on Wall Street suggested growing demand for tech products.
(AFX UK Focus) 2010-03-08 02:30 UPDATE 1-Indonesia Market factors to watch - March 8 Sunday, March 7, 2010 @ 8:41PMJAKARTA, March 8 (Reuters) - Following is a list of events in Indonesia as well as news stories and press reports which may influence financial markets.
Aussie Losing to Loonie Shows Canada’s Banks Trumping China Sunday, March 7, 2010 @ 8:20PMMarch 8 (Bloomberg) -- The Australian dollar is being overtaken by the Canadian dollar among commodity currencies as the safety of Canada’s banking system and ties with the U.S. economy spur investors to buy the loonie.
Aussie Losing to Loonie Shows Canada’s Banks Trumping China Sunday, March 7, 2010 @ 8:20PMThe Australian dollar is being overtaken by the Canadian dollar among commodity currencies as the safety of Canada’s banking system and ties with the U.S. economy spurs investors to buy the loonie.
State suing Able Energy, saying it failed to deliver oil to those who paid Saturday, March 6, 2010 @ 10:45AMState officials have filed a lawsuit against Able Energy, alleging that the Rockaway oil company violated the state's Consumer Fraud Act by failing to deliver oil to customers who already paid for it.
Fight over biodiesel law hits the home stretch Saturday, March 6, 2010 @ 10:42AMTo B-5, or not to B-5? That is the question. The Iowa Legislature is considering legislation this week that would require every gallon of diesel fuel sold in Iowa contain at least 5 percent Iowa-produced biodiesel. And, while much of the public’s attention is focused on legislative budget cutting this week, the B-5 discussion is quietly unfolding in the House of Representatives.
Be careful what you wish for Saturday, March 6, 2010 @ 10:32AMRe: Doris Toepp -Coping with change, letter to the editor, The Tribune, Feb. 27 It's impossible to argue with Doris Toepp's argument that suggests it is the human species itself that has helped bring us all to the mess we have made of this planet of ours.[...]
Putin signs resolution on fuel discounts for agricultural producers Saturday, March 6, 2010 @ 9:46AMMOSCOW, March 6 (Itar-Tass) -- Prime Minister Vladimir Putin has signed a resolution granting fuel benefits to agricultural producers during the spring sowing and autumn harvesting campaigns.
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Boeing announces bid for Air Force's 35 billion oil tanker project Thursday, March 4, 2010 @ 10:36PMDefense company Boeing announced Thursday it will enter the bid for U.S. Air Force's new generation aerial refueling aircraft, remodeling its 767 commercial aircraft. Named Boeing NewGen Tanker, the Boeing refueler will satisfy all mandatory Air Force requirements, according to Dennis Muilenburg, president and CEO of Boeing Defense, Space & Security. Muilenburg said Boeing "respect and ...
FIRST CUT: Road, Movie is spectacular Thursday, March 4, 2010 @ 10:21PMThis Dev Benegal film is a visual delight
Let's Plant Cocoa, The Returns Are Lucrative Thursday, March 4, 2010 @ 10:16PMTAWAU, March 5 (Bernama) -- When oil palm fetched record prices in late 1990s, most farmers were replacing their cocoa trees with oil palm except for Hamdan Buang who was busy bud grafting his aged cocoa trees with high quality clone.
Dow erases its loss for 2010 ahead of jobs report Thursday, March 4, 2010 @ 10:09PMPublished: Thursday, March 4, 2010 at 7:45 p.m. Last Modified: Thursday, March 4, 2010 at 7:45 p.m. NEW YORK — Optimism about the government's February jobs report sent the Dow Jones industrials back into the black for 2010.
Oil settles above $80 after two-day jump Thursday, March 4, 2010 @ 10:09PMPublished: Thursday, March 4, 2010 at 7:48 p.m. Last Modified: Thursday, March 4, 2010 at 7:48 p.m. NEW YORK — A stronger dollar pushed oil prices down toward $80 a barrel Thursday after a two-day jump fueled by growing investor optimism that global crude demand is recovering.
TSX lower on falling commodity prices Thursday, March 4, 2010 @ 11:30AMThe Toronto stock market was in negative territory near midday as weaker commodities prices outshone strong earnings results from TD Bank and a major acquisition deal for the country’s biggest independent securities broker.
Chile wants loans, scours for quake survivors Thursday, March 4, 2010 @ 11:29AMChile will need international loans and three or four years to rebuild after a massive earthquake killed more than 800 people and ravaged its infrastructure, President Michelle Bachelet said on Thursday.
(AFX UK Focus) 2010-03-04 17:02 SAfrica competition body urges fine on oil firms Thursday, March 4, 2010 @ 11:27AMJOHANNESBURG, March 4 (Reuters) - South Africa's Competition Commission on Thursday urged the country's watchdog, the Competition Tribunal, to impose a 10 percent fine on the country's oil firm's sales for collusion to fix the price of bitumen. The commission said the oil firms fixed the price of bitumen, a residual product of crude oil that is mainly used in road construction, between 2000 to ...
Research and Markets: Next Generation Biofuels: Market Drivers, Growth Opportunities and Regulatory Change Thursday, March 4, 2010 @ 11:26AMDUBLIN----Research and Markets has announced the addition of the "Next Generation Biofuels: Market Drivers, Growth Opportunities and Regulatory Change" report to their offering.
Central bank has room for easing, says report Thursday, March 4, 2010 @ 11:24AMThe central bank is unlikely to touch benchmark interest rates in the first half despite suggestions of an exit from an easy monetary stance adopted amid the global economic slump.
One Quality Stock to Sell Today Thursday, March 4, 2010 @ 11:23AMIt's time to take some profits.
Kencana Petroleum: Buy, target price RM2 Thursday, March 4, 2010 @ 11:20AMAMRESEARCH has lowered its target price on Kencana Petroleum Bhd (5122) to RM2, from RM2.11 previously, mainly due to lower earnings forecast on the oil and gas service provider. "We have reduced Kencana's FY10F (forecast financial year 2010) earnings by 8 per cent given delays in contribution from Kencana Mermaid 1 (KM1). On management's guidance, we have also reduced KM1's margin by 3 ...
Oil: Falls toward $80 after 2-day jump Thursday, March 4, 2010 @ 11:16AMA stronger dollar pushed oil prices down toward $80 a barrel Thursday after a two-day jump fueled by growing investor optimism that global crude demand is recovering.
Aldar Properties Gets Abu Dhabi’s First Junk Rating by Moody’s Thursday, March 4, 2010 @ 11:15AMMarch 4 (Bloomberg) -- Aldar Properties PJSC , Abu Dhabi’s biggest real-estate developer, became the first company in the oil-rich emirate to receive a “junk” rating by Moody’s Investors Service after property values fell.
Gas prices now heading for $3 a gallon Wednesday, March 3, 2010 @ 3:46AMAssociated Press It may not make much sense, given that the economy remains weak, but the cost of filling up your car is about to go higher.
'Further energy price hikes envisaged' Wednesday, March 3, 2010 @ 3:46AMThe government was not new to the scene, just as the aspects of oil prices and targets were not new, but none of this had been addressed over the years - Marlene Pullicino.
Mindanaos power shortage: foreseen but ignored? Wednesday, March 3, 2010 @ 3:45AMDAVAO CITY (MindaNews/03 March) – The El Nino phenomenon is allegedly to blame for...
Forget relief, fuel price hike will hurt oil marketing Cos Wednesday, March 3, 2010 @ 3:11AMThe increase in duties provides no relief to the bleeding oil companies.
Glencore Exercising ‘in the Money’ Coal Option May Signal IPO Wednesday, March 3, 2010 @ 3:00AMMarch 3 (Bloomberg) -- A decision by Glencore International AG to buy back a Colombian coal unit sold a year ago may give the strongest signal yet that the world’s largest commodity trader intends to pursue an initial public offering.
(AFX UK Focus) 2010-03-03 08:33 HK stocks end down 0.14 pct, China Mobile eases Wednesday, March 3, 2010 @ 2:59AMHONG KONG, March 3 (Reuters) - Hong Kong shares edged down 0.14 percent on Wednesday as the market lost steam, with China Mobile leading the slide despite a recovery in HSBC shares.