August 27th, 2009
Oil exports from Iraq reached the highest level in July 2003, totaling 63 million barrels, according to statements of Assem Jihad, Oil Ministry spokesman, quoted AFP.
Figures made public by Jihad show in July that Iraq exported 63 million barrels to 57 million barrels in June.
As regards the profit from export activity, at the average of oil price of 64.42 dollars per barrel, Baghdad received 4.66 billion dollars. Iraq has prepared the budget for 2009 taking into account an average oil price of 50 dollars per barrel.
The current level of oil exports is comparable to that of 2003, when oil exports were about two million barrels a day, equivalent of 62 million barrels per month. Oil represents 87% of total revenue in Iraq, state that intends to double its exports over the next five years.
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Posted in Finance, Forex, Money, Trade | No Comments »
April 29th, 2009 | No Comments »
Japan reported the first annual trade deficit for the past 28 years, based on the reduction of exports by 16% in last year, writes BBC News.
Volume of exports in February and March was halved compared with the similar period last year, said Japanese finance minister.
Demand from the U.S. and Europe for automotive and electronic products manufactured in Japan remained modest, based on the international... Read More
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April 27th, 2009 | No Comments »
Asian stock exchanges have registered decreases, based on the pessimism background of the financial and profits sector, announced by companies.
China Mobile, the largest mobile operator in the world, has lowered by 5.5% on the exchange in Hong Kong.
Orix, the financial non-banking company in Japan fell by 7.2% in Tokyo while BHP Billiton, the largest mining company in the world, registered a decline... Read More
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April 24th, 2009 | No Comments »
JP Morgan Chase, the fourth big U.S. bank by value of assets owned, has returned to profit in the first quarter of 2009, on the fund revenues record, registered in the segment of investment banking.
Bank profits were 2.14 billion U.S. dollars (1.61 billion euro), with 10% below the 2.37 billion U.S. dollars from the similar period of 2008.
Total income of the investment division had climbed to 8.3... Read More
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April 22nd, 2009 | No Comments »
The total deficit of the pension system of UK companies has exceeded 250 billion pounds (280 billion euro) in March, setting a record in this direction, due in large part by reducing the yields of securities of gilt type (bonds issued by government ), while the central bank in the UK has introduced quantitative relaxation, writes Financial Times.
According to the pension’s protection Fund from UK,... Read More
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April 20th, 2009 | No Comments »
Asian stock exchanges have continued for a fourth day in succession advances, led by banks and by mining companies, after Goldman Sachs announced that record profits will exceed estimates and metals prices rose, according to Bloomberg.
The commonwealth Bank of Australia, the largest mortgage bank in Australia, climbed by 3.8%. HSBC Holdings, the largest bank in Europe, jumped by 4.1% in the Hong Kong... Read More
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