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Middle East Refinery Expansion Plans Hit Snags


Mon, 03 Aug 2015 06:16:51 EDT
Middle Eastern countries are experiencing setbacks in plans to expand their oil-refining capacity, dealing a blow to efforts to address an expensive irony: petroleum-rich nations importing products such as gasoline.

Companies Sour on Delaware as Corporate Haven


Mon, 03 Aug 2015 06:13:29 EDT
The most popular state for corporate registrations now has challengers who say it doesn’t offer enough protections against shareholder lawsuits.

BMW, Daimler and Audi to Buy Nokia's Maps Business


Mon, 03 Aug 2015 08:33:20 EDT
Germany’s biggest auto makers have clinched a deal to buy Nokia’s digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a €2.8 billion ($3.1 billion) acquisition.


International Business Times


Qiaodan Sports: Michael Jordan Knockoff Shoe Retailer Not Unique In China


Sat, 01 Aug 2015 02:26:35 -0400
Retired U.S. basketball star Michael Jordan made headlines this week, after losing a legal action against Qiaodan Sports, a Chinese athletic apparel company whose products bear more than a passing similarity to Nike's Air Jordan line.

Venezuela May Face Beer Shortage After Empresas Polar Shuts 2 Beer Plants, Amid Raw Material Shortage


Fri, 31 Jul 2015 06:41:07 -0400
Venezuela’s largest beer manufacturer Polar Bear shut down two of its breweries due to lack of imported barley and the involvement of its parent company Empresas Polar in a dispute with the government, the Associated Press reported Thursday. Venezuela currently faces chronic shortage of raw materials, which the businesses have blamed on the socialist government’s economic policies.

Teva Close To A Deal For Allergan’s Generic-Drugs Unit: Source


Sun, 26 Jul 2015 13:17:49 -0400
Teva Pharmaceutical Industries Ltd. is in advanced talks to buy Allergan PLC’s generic-drug business in the midst of a thus-far-unsuccessful effort to acquire peer Mylan NV, according to a person familiar with the matter. Jerusalem-based Teva, which has offered to buy Mylan for $40 billion, is now close to an agreement to acquire Dublin-based Allergan’s generic-drugs unit for between $40 billion and $45 billion, the person said.


International Business Times



International Business Times


US Crude Prices To Fall To $40 A Barrel: Goldman Sachs


Mon, 09 Mar 2015 05:43:07 -0400
U.S. crude prices will likely drop to $40 a barrel in the near term, reversing recent gains in oil prices as global crude inventories begin to increase again, Goldman Sachs said. The price of crude had risen by a third this year due to supply disruptions from the Middle East and refinery slowdowns in the face of high margins.

Global Food Prices Fall To Lowest Level In 5 Years: FAO


Fri, 06 Mar 2015 02:37:20 -0500
Global food prices dipped to their lowest level since July 2010, continuing a steady decline, the United Nations' Food and Agriculture Organization (FAO) said, in a statement released Thursday. The fall was prompted by improved supplies, falling crude oil prices and a strong dollar, according to the FAO.

Oil Tops $60 For First Time In 2015; Oversupply Persists


Sat, 14 Feb 2015 01:37:10 -0500
NEW YORK (Reuters) - Oil closed up for a second straight week on Friday after another drop in the U.S. rig count, and Brent crude hit a 2015 high above $60 a barrel, but market skeptics cautioned the rally could fade because supplies keep coming. Many traders and analysts believe there is a global oversupply of nearly two million barrels per day of crude oil.They say little has changed fundamentally to explain the price rebound of the past two weeks.


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