News
Oil climbs up to $100 per barrel mark
06:24 25.02.2011 |
Business
Oil prices resumed their recent rally on Friday as the UN Security Council struggled to issue a meaningful response to the mounting crisis in Libya, where leader Muammar Gaddafi struck back at an uprising to end his 40-year rule.
Boeing beats European Aeronautic for $35 billion program to build 179 new Air Force tankers
03:38 25.02.2011 |
Business
Boeing Co., the sole supplier of aerial refueling tankers to the U.S. Air Force since 1948, beat European Aeronautic, Defence & Space Co. for a $35 billion program to build 179 new tankers, the Pentagon said yesterday. It was the Chicago-based company’s third try at the contract since Congress and the Air Force first proposed the tanker replacement...
Oil jumps to highest in more than 2 years amid Libyan violence
05:01 22.02.2011 |
Business
Oil jumped to the highest in more than two years as violence intensified in Libya, stoking concern crude supplies will be disrupted as violence escalates around the Middle East and North Africa.
BP and the Indian RIL signs cooperation agreement
11:06 21.02.2011 |
Business
British oil major BP and Indian giant Reliance Industries (RIL) have entered into an oil and gas joint venture in which Reliance Industries will receive a whopping USD 7.2 billion from the BP. As per the contract details and a statement given by Reliance Industries, BP will acquire a 30% stake in 23 oil and gas
Crude futures rise to 10-day high in Asia
03:19 21.02.2011 |
Business
Crude futures rose to a near-10-day high in Asia Monday, as unrest in Libya intensified and the U.S. dollar appeared to be pressured by European and Chinese monetary policy. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at $87.38 a barrel at 0650 GMT, up $1.18 in the Globex electronic session, before...
This American Life radio exposes world's top secret recipe
06:20 16.02.2011 |
Business
Coca-Cola's tightly guarded recipe was reportedly published by National Public Radio's This American Life earlier this week. "The formula for Coca-Cola is one of the most jealously guarded trade secrets in the world," the radio program's Web site wrote. "Locked in a vault in Atlanta. Supposedly unreplicable.
China ends Japan's reign of 42 years as world's second-largest economy
05:37 14.02.2011 |
Business
China has become the world's second-largest economy after the US, ending Japan's 42-year reign in the second spot, according to Tokyo's gross domestic product (GDP) figures released Monday. Japan's GDP fell 1.1 percent from a year earlier in the fourth quarter of 2010, the first contraction in five quarters, the Shanghai Daily reported citing the...
