Monthly Archives: August 2011

Rosneft ExxonMobil buddy up; Daryl Hannah arrested

Russia’s Prime Minister Vladimir Putin late on Tuesday announced an agreement between US oil conglomerate ExxonMobil and Russia’s Rosneft to explore the country’s oil-rich Arctic continental shelf. The deal replaces a comparable but failed agreement with BP that differs in that Exxon offers Rosneft assets in Texas and in the Gulf of Mexico in exchange…

How to Fund a New Business

If America is ever to get its domestic hiring engine in full gear again, new small businesses must lead the way, but only when investment monies are available to kick start the “gearbox” out of neutral.  The uncertainty in our present business environment has kept investors on the sidelines, making the funding of a new…

How to Choose Your Mexico Real Estate Area

One of the important points in making a Mexico real estate investment is to choose an area which is appropriate for your type of investment. The following tips will outline some of the key factors to consider.1. Rapid GrowthMexico has some really fast growing communities. During the first decade of the 2000’s, for example, Playa del Carmen…

Greek exposure affects Credit Agricole profits

Credit Agricole, France’s third largest bank by market value, published in its 2Q11 net profit results on Thursday a 10.6 percent decrease at €339m compared to €379m in the same period last year. The decline was mainly attributed to a pre-tax impairment on its Greek bond exposure of €202m, the bank said in a statement. In Paris…

Markets vague as Moody’s downgrades Japan


Asian highs were short-lived on Wednesday when regional markets failed to hold on to Tuesday’s gains after sentiment dampened following Moody’s decision to downgrade Japan’s credit rating to Aa3.
 The ratings agency said that the nuclear accident coupled with the earthquake disaster had aggravated its economy and deferred Japan’s recovery.
The Nikkei 225 and Hang Seng…

Asian stocks higher but uncertainty lingers


Asian markets rebounded on Tuesday following a series of losses last week after released data showed improved manufacturing activity in China and buoyancy that Federal Reserve Chairman Ben Bernanke may unveil steps to boost the US economy. 
 
Hong Kong’s Hang Seng climbed 1.99 percent to 19,875, Japan’s Nikkey rose 1.2 percent to 8,733 while…