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Forex news - recent top stories



15:03,  12 July 2007
US May trade deficit up 2.3 pct to 60.0 bln usd as expected 
WASHINGTON (Thomson Financial) - The US trade deficit rose 2.3 pct in May to 60.0 bln usd as Americans imported more and more expensive oil and other commodities.Economists were looking for a 60.0 bln usd deficit, expecting imports to recover from their April slide.

12:49,  12 July 2007
Forex - Euro at all-time high against dollar following strong GDP data 
LONDON (Thomson Financial) - The euro continued to post fresh all-time highs against the dollar, supported by an unexpected upward revision to first quarter GDP growth and robust industrial production figures.

09:45,  12 July 2007
Forex - Euro at fresh all-time high against dollar after hawkish ECB bulletin 
LONDON (Thomson Financial) - The euro climbed to a fresh all-time high against the dollar after a hawkish European Central Bank monthly bulletin, amid ongoing concern about the US sub-prime mortgage market.


See also:       

• Middle East 

• Middle East 

• Market reports 
• General news 

13:26, Monday, 11 September 2006

Iraq to boost military at oil facilities


VIENNA, Austria AFX - Iraq will bolster its military presence in the oil-rich north of the country, where saboteurs and insurgents repeatedly have targeted workers, pipelines and facilities, the Iraqi oil minister said today.

"We already have a military presence there and we're going to reinforce it," Hussain al-Shahristani told reporters at a meeting of the Organization of Petroleum Exporting Countries.

Iraq's northern oil fields produced an estimated 8.5 mln barrels of crude in July, former Iraqi oil minister Ibrahim Mohammad Bahr Al Olom said last week.

But repeated attacks on oil workers and infrastructure have made it difficult for the country to lift production back to prewar levels of about 2.5 mln to 3 mln bpd.

On Monday, gunmen in two cars ambushed a bus carrying oil employees in northern Iraq, killing four and injuring another, police said.

The bus had been taking the employees from Beiji, the country's biggest refinery, 155 miles north of Baghdad, to Tuz Khormato district, some 75 miles southeast of Beiji, on Sunday night, police Capt. Khalid Sabah said.

Iraq now is pumping between 2.3 mln and 2.4 mln barrels a day "and we're going to increase it", al-Shahristani said.

The nation is excluded from OPEC's production quota of 28 mln bpd.

newsdesk@afxnews.com

ma


 

Forex news - 11 September 2006
17:09 Forex - Dollar up modestly as key week unfolds
14:49 Stocks down in early trading
14:27 Asian, EU leaders agree to combat protectionism
14:20 Chirac calls for EU, Asia consensus on measures to cut greenhouse gases
14:10 China August trade surplus 18.8 bln usd - UPDATE
14:07 G10 says global economic growth remains 'dynamic'; uncertainties grow - UPDATE
13:26 Iraq to boost military at oil facilities
13:21 OPEC set to hold production levels steady
13:13 EU deplores Chinese restrictions on foreign news
13:12 Palestinian parties reach deal on unity govt programme
13:03 Oil prices slide to near six-month lows
12:51 OPEC meeting begins
12:45 AFX European summary -- midday
12:45 Turkish Cypriot premier resigns
12:35 Iraq official calls for oil partnerships
12:29 European government bonds steady as activity limited by dearth of economic news
12:20 DATAWATCH - China record Aug trade surplus throws spotlight on currency policy



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