English Edition

Petkim Targets

Δευ, 27 Οκτωβρίου 2008 - 18:47

Turkish petrochemical producer Petkim will not change its 2008 targets despite lower oil prices and weaker demand, the company’s chief executive told Reuters in an interview yesterday. Lower petrochemical demand will be compensated for by a weakening lira, which will help boost exports, said Petkim CEO Kenan Yavuz.

Athens Bourse Tumbles 10 Percent

Δευ, 27 Οκτωβρίου 2008 - 18:32

The Athens Exchange (ATHEX) plummeted nearly 10 percent yesterday, as world markets fell sharply on growing alarm that a global recession will ravage corporate profits and push smaller developing economies to the brink of collapse. Late-session buying helped trim losses after the general index, which closed off 9.71 percent at 1,728.49 points, had shed as much as 15 percent mid-session. The Athens bourse gave up 18 percent for the week.

Greece to Be Allowed Back In

Δευ, 27 Οκτωβρίου 2008 - 17:21

Greece looks set to be reinstated to the emissions-trading system of the Kyoto Protocol as a team of United Nations experts has found during a visit to Athens that the country’s measuring systems are up to scratch, sources said yesterday.

Iran Oil Min To Travel Tue To Turkmenistan For Gas Talks

Δευ, 27 Οκτωβρίου 2008 - 17:14

Iran's oil minister will travel Tuesday to Turkmenistan for talks on gas exports to the Islamic Republic, the semiofficial Fars News Agency reported Monday.

China's Wen Leaves For Russia, Kazakhstan

Δευ, 27 Οκτωβρίου 2008 - 17:12

Chinese Prime Minister Wen Jiabao embarked on a five-day tour of Russia and Kazakhstan on Monday which is expected to focus on the global financial crisis and energy security.

Dollar, Yen Stay Strong Despite Possible Intervention

Δευ, 27 Οκτωβρίου 2008 - 17:11

The dollar and yen continue to gain against rivals on the rise in global market volatility - despite the specter of foreign exchange market intervention.

Iran To Build Hydroelectric Dam In Mali

Δευ, 27 Οκτωβρίου 2008 - 17:09

Iran will build a hydroelectric dam in Mali, the semi-official Mehr News Agency reported Sunday, citing Iran's energy minister.

Iran OPEC Head: Could Cut Output At Future Meetings

Δευ, 27 Οκτωβρίου 2008 - 17:08

Iran's OPEC Governor said more time was needed to see how the Organization of Petroleum Exporting Countries' decision to cut production will impact the oil market, adding that OPEC could move to cut output further at future meetings, the daily Hamshahri newspaper reported Sunday.

Gazprom Wants Independents' Gas Transport Tariff Hiked

Δευ, 27 Οκτωβρίου 2008 - 17:06

Russia's natural gas giant OAO Gazprom (GAZP.RS) has asked the Federal Tariff Service to raise the tariff for gas transportation services for independent gas producers by approximately 20%, the regulator said Friday, Prime-Tass news agency reported.

Gazprom Deputy Chmn Sees Record 08 Pft, No Fincl Woes

Δευ, 27 Οκτωβρίου 2008 - 17:04

Russia's natural gas giant OAO Gazprom (GAZP.RS) will post record profits in 2008 despite the global financial crisis, Deputy Chairman Alexander Medvedev said in an interview published Sunday in an Italian newspaper.

Edison Gets EUR240M Deal To Supply Italy State Offices In 09

Δευ, 27 Οκτωβρίου 2008 - 17:03

Edison SpA (EDN.MI), Italy's number-two power generator by capacity, said Monday it has gained a contract worth about EUR240 million to supply electricity to public sector buildings in 2009, winning the tender for the third year in a row.

Timan Oil & Gas: FY Pretax Losses GBP11.18M Vs -2-

Παρ, 24 Οκτωβρίου 2008 - 13:21

"The Ministry of Natural Resources has estimated that the Izberbash and Sulak blocks contain Russian C3 resources of approximately three billion barrels of crude oil. Initial reserves estimates for Sulak should be completed during 2009 following our review of relevant seismic data. No wells have been drilled on either licensed area to date.

Emerging Mkt Bonds Fall As Crisis Deepens

Παρ, 24 Οκτωβρίου 2008 - 13:19

Emerging market debt came under intense pressure again Thursday, while developing country stocks traded in the U.S. closed flat following a highly volatile session.