Petroleos Mexicanos posts nearly $25 bn surplus in 2011
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. [...]
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 Mexico City: Mexico's currency exchange commission announced forceful action to bolster the peso, saying the central bank will auction $400 million of its reserves on days the peso is 2 percent lower than the previous session. The commission, made up of officials from the finance ministry and central bank, said in a statement that [...]
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Tweet San Francisco: Hewlett-Packard Co. (HP) has reported that its profit in the most recent quarter fell more than 90 percent with sales also declining. In the company's fourth quarter of fiscal 2011 ended Oct 31, the company Monday posted net earnings of $239 million, compared with $2.54 billion in the same period a year [...]
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Tweet Moscow: International ratings agency Moody's has lowered Cyprus' sovereign credit rating by two notches, saying that the country's banks will likely need state support next year given their exposure to Greek government debt. In a statement Friday, the agency said Cyprus was downgraded to BAA3 from BAA1, or just above junk status. The agency [...]
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Tweet Madrid:The Spanish economy did not grow at all in the third quarter compared with the previous three months and expanded only 0.7 percent in the 12 months ending Sep 30, the central bank said in its latest bulletin. The absence of growth was due to a 0.7 percent decline in total domestic demand, the [...]
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Tweet Rio De Janeiro: Brazil will become the world's sixth largest economy in 2011 due to the global financial crisis that has affected the main economic powers, the International Monetary Fund and several other organisations said. According to data, which was quoted by local newspapers, Brazil's gross domestic product (GDP) in 2011 will surpass Britain's, [...]
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