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 »
May 29th, 2009 | No Comments »
Japanese Stock Exchange closed the Thursday session down after the yen appreciated against the dollar and because of bleak economic forecasts made by the U.S. central bank, the Federal Reserve.
According to the closing dates, Nikkei 225 index of major securities listed on the Tokyo Stock Exchange decreased by 0.86% to 9264.15 points. The Topix index turned down with 0.55% to 881.44 points.
The dates... Read More
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May 27th, 2009 | No Comments »
The shares of financial institutions have recorded an advance at the beginning of the week; generating returns of annual evolution of index Standard & Poor’s 500 on positive territory.
After the stress tests from the beginning of the month, made by Fed for the 19 most important banks, ten of them will be need to raise a total of 74.6 billion U.S. dollars to rebuild their capital reserves.
The... Read More
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May 25th, 2009 | No Comments »
American Bank and Goldman Sachs cut the forecasts for Russian economy, estimating that the gross domestic product this year will drop by 7.5% in conditions that the first quarter brought the most pronounced contraction of the last 15 years, says Bloomberg.
Earlier estimates announced an economic contraction of 5.5% for 2009.
Goldman Sachs has maintained forecasts on the evolution of 2010, which found... Read More
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May 22nd, 2009 | No Comments »
The American stock exchange closed on green the trading meeting, the most pronounced plus being registered by the index that monitors the trend of technological companies Nasdaq Composite.
Composite Index Dow Jones Industrial Average (DJIA) has registered an advance of 46.43 points (0.56%), closing at 8331.32.
Standard & Poor `s 500 index of companies representative of the U.S., won 1.04% or 9.15... Read More
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May 20th, 2009 | No Comments »
After transaction the main stock indices of U.S. market registered a slight decrease between 0, 2-0, 5%.
Decrease comes after a pronounced rise of the indices in the first day of bidding from this week, generated by the hopes of returning from crisis of the property market, informs Reuters.
By the closing stock, Dow Jones index fell by 0.2% to 8410.65 points.
Standard & Poor `s 500, the most representative... Read More
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