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CEO Skinner to Retire; Thompson Is His Successor: McDonald
McDonald’s Corp. (MCD) Chief Executive Officer Jim Skinner is retiring after almost eight years running the world’s…
Brent Falls Below US$124 On China Manufacturing Data
Brent crude dropped below US$124 a barrel on Thursday, after weak Chinese manufacturing data sparked concerns that…
Kuwait And Japan Eye New Energy Cooperation
Kuwaiti Oil Minister Hani Hussein and a top official of Arabian Oil Company, Ltd., on Tuesday agreed to explore new…
Halting Oil Purchase from Iran is out of Question: Turkey
Turkey Energy Minister Yildiz Tanner says his country will continue to buy Iran’s crude oil unless new supply…
Euro Jumps on Debt Crisis Worries Eased
The euro on Wednesday rose to its highest level in nearly five months against the yen and also gained ground on the…
Kuwaiti Oil Prices Down 80 Cents
The price of Kuwaiti crude dropped 80 cents to settle at USD 122.60 per barrel on Tuesday, in comparison to USD…
Amended Deal to Sell NPC Egypt For $ 147.5 mln
Golden Crescent Investments Ltd. (Golden Crescent), one of the Citadel Capital (CCAP)’s Opportunity-Specific Fund,…
Inditex Profit Surged on Asian Expansion
Inditex SA (ITX.MC), the owner of fast-fashion pioneer Zara, Wednesday reported a rise in 2011 net profit as sales…
Aussie dollar downs on BHP comments
The Australian dollar has fallen on concerns that Chinese demand for iron ore may weaken. On Tuesday, the…
Fuel Prices hike in China Second Time in Two Months
China, the world’s largest oil consumer after the U.S., increased gasoline and diesel prices for the second time in…