Articles by: The Business Age Bureau

Ecuador signs deals to boost oil output

February 1, 2012 11:26 pm0 comments
Ecuador signs deals to boost oil output

Quito: Ecuador has signed contracts for $1.7 billion in investment – the biggest to date in the country’s oil sector – to boost output at a pair of mature Amazon fields. Non-Renewable Natural Resources Minister Wilson Pastor, speaking at a signing ceremony at the presidential palace in Quito, described the […]

Read more ›

73 killed, 1,000 hurt in Egypt football stadium violence

11:04 pm0 comments
73 killed, 1,000 hurt in Egypt football stadium violence

Cairo: At least 73 people were killed and up to a 1,000 injured following clashes and a stampede at a football stadium in the Egyptian city of Port Said Wednesday night. Numerous fans rushed to the field after their home team from Port Said, Al-Masry, defeated Al-Ahly, one of Egypt’s […]

Read more ›

Petroleos Mexicanos posts nearly $25 bn surplus in 2011

12:51 am0 comments
Petroleos Mexicanos posts nearly $25 bn surplus in 2011

Mexico City: Petroleos Mexicanos, or Pemex, said Tuesday it posted a trade surplus of $24.99 billion in 2011, up 28 percent from the prior year. Exports totaled $55.79 billion, while imports came in at slightly more than $30.8 billion, the state-owned oil giant said in a preliminary statistical report on […]

Read more ›

No more fraudulent marriages in Spain, marriage fraud ring busted

12:46 am0 comments
No more fraudulent marriages in Spain, marriage fraud ring busted

Barcelona: Thirty eight people suspected of organizing fraudulent marriages in Spain as a way of legalizing the immigration status of Dominican women working as prostitutes in the northeastern region of Catalonia have been arrested. Further arrests are not ruled out, police officials said. The investigation began in September 2010 after […]

Read more ›

Chilean held for stealing ice from a glacier

12:26 am0 comments
Chilean held for stealing ice from a glacier

Santiago: Chilean police nabbed a man who was transporting in a refrigerated truck 5,200 kg of ice that had been removed from a glacier, the cargo apparently destined for bars and restaurants here in the capital. “It’s the first time that a situation with these characteristics has been reported,” the […]

Read more ›

TVS Motor logs five percent sales growth in January

12:19 am0 comments
TVS Motor logs five percent sales growth in January

Chennai: Two- and three-wheeler maker TVS Motor Company Ltd closed last month with a five percent sales growth compared to January 2011. Announcing the monthly sales figures Wednesday, the company said it had sold 173,514 untis (171,112 two-wheelers and 2,402 three-wheelers) last month, up from 165,152 units (two-wheelers 161,725 and […]

Read more ›

‘Occupy’ protesters defy ban, stay put in Washington

January 31, 2012 7:38 am0 comments
‘Occupy’ protesters defy ban, stay put in Washington

Washington: Occupy protesters in Washington defied a police deadline and erected a “tent of dreams” around a statue as part of their protest against eviction. The camps at McPherson Square and Freedom Plaza, a couple of blocks from either end of the White House, are the group’s most visible sites […]

Read more ›

Obama confirms Pakistan drone strikes

7:07 am0 comments
Obama confirms Pakistan drone strikes

Washington: Unmanned drones regularly strike suspected militants in Pakistan’s tribal areas, US President Barack Obama confirmed during a video “hangout” on Google’s social network Google+ that was also streamed live on YouTube. Use of the unmanned drones began under former president George W. Bush, BBC reported. There were 118 drone […]

Read more ›

Wolves terrorise Russia’s Pitkyaranta town residents

5:48 am0 comments
Wolves terrorise Russia’s Pitkyaranta town residents

Moscow: A pack of wolves terrorized locals in the streets of a Russian town, not returning to the woods until police opened fire, killing two. The incident took place Monday in Pitkyaranta, a town of 12,000 located near the Finnish border, some 670 km northeast of Moscow, police reported. “A […]

Read more ›

Iran to stop oil exports to some EU members

January 29, 2012 11:13 pm0 comments
Iran to stop oil exports to some EU members

Tehran: Iran will soon stop oil exports to certain members of the European Union (EU), the country’s Oil Minister Rostam Qasemi was quoted by Mehr news agency as saying. “According to the Oil Ministry’s future plans, we will cut our exports to certain countries” in response to the EU’s recent […]

Read more ›