Tweet 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 its performance last year. [...]
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Tweet Moscow: Annual financial damage to the world economy from drug money equals $2 trillion, Russia’s Federal Drug Control Service head Viktor Ivanov said. “Narco-dollars form a market with a volume of over $500 billion annually, while negative consequences for the real economy exceed this amount two or three times over. The annual damage to [...]
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Tweet Moscow: Apple has posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion in the first quarter of the fiscal 2012 which ended Dec 31, 2011. The company said in a statement Tuesday that it had achieved an all-time record in quarterly sales of its iPhones, iPads and Mac [...]
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Tweet Rio de Janeiro: The Brazilian economy generated 1.94 million formal jobs in 2011, down 23.5 percent from 2010, the country's labor ministry said Tuesday. Yet the ministry said that despite the fall, the figures are still the second highest registered in the country after the record-high 2.5 million job mark registered in 2010, reported [...]
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Tweet Madrid: The Spanish economy will contract 1.5 percent and unemployment will climb to 23.4 percent, the country's central bank said Monday. While predicting a "modest recovery" in 2013, with a 0.2 percent expansion in gross domestic product, the Banco de Espana said the jobless rate is likely to remain above 23 percent until sometime [...]
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Tweet Lusaka: Bharti Airtel Tuesday launched its 3.75G platform in Zambia, enabling customers to experience high speed mobile broadband access and make video calls and watch television live. "3.75G technology will give our customers the opportunity to interact with data in a different way," said Fayaz King, managing director, Airtel, Zambia. "This is why Airtel [...]
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Tweet Beijing: Apple announced Friday that its iPhone 4S smartphone will not be available in retail stores in Beijing and Shanghai "for the time being". Apple said its stores have already sold all of their iPhone 4S stock, as demand has been "incredible". Apple previously announced that the iPhone 4S, the latest version of the [...]
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Tweet Mexico City: Mexico set a new auto production record of 2.55 million cars and light trucks in 2011, a 13.1 percent increase compared to the previous year, an auto industry association said Wednesday. The previous record of 2.26 million units had been set in 2010. Last year's auto exports came in at 2.14 million [...]
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Tweet Kuwait City: Investment in the petrochemical sector in the Gulf region would go up to $160 billion in the next five years, an energy report has revealed. The report issued by the Diplomatic Centre for Strategic Studies said the new investments would increase the petrochemicals output of member-states of the Gulf Cooperation Council (GCC) [...]
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Tweet New York: US stocks dropped Wednesday with the S&P 500 back to negative territory for the year, as sentiment was still pressured by lingering European concerns. Italy Wednesday successfully sold 9 billion euro 6-month bonds at 3.251 percent, just half of the 6.4 percent yield last month, suggesting that the country's borrowing cost significantly [...]
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