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Economies set for boost as oil price falls The fall in the oil price is set to give a $1,000bn stimulus to oil-importing countries this year, the head of the International Energy Agency has said, as he urged oil producers to think about their 'mutual interest' with consumers FT.comJamal Mecklai: Green shoots The US economy shrank by 6.2 per cent in the quarter to December 2008, a lot worse than the preliminary numbers (minus 3.8 per cent), but just a bit worse than consensus expectations (minus 6 to minus 5 per cent) before the preliminary numbers were released. Business StandardBabcock & Brown Air 4Q profit doubles DUBLIN, Ireland (AP) - Irish jet-leasing company Babcock & Brown Air Ltd. said Thursday its profit and sales rose sharply in the fourth quarter compared to a year ago as it expanded its fleet, but the results fell short of Wall Street expectations. AOLShares up on China hope THE stock market closed higher in choppy trading thanks to stronger resource stocks on expectations of renewed demand from China. The Courier Mail`Foodgrain export ban by India, China harming third world` A food research institute in the US has expressed concern over the ban on foodgrain exports by countries like India and China causing a crisis in countries depending on imports. The Economic TimesIndia Warns Against `Green Protectionism`IndustryWeek Canadian Natural Resources Q4 profit soars on unrealized gains - Update Oil and natural gas producer Canadian Natural Resources Ltd., Thursday morning reported that profit for the fourth quarter soared from last year, boosted by unrealized gains from risk management activities, despite lower revenues, and fall in natural gas pricing. On an adjusted basis, earnings rose from last year, and came in above analysts' expectations. The company further provided its first quarter and fiscal year 2009 production forecasts. RTT NewsMild weather, inventory control aids retail sales Tighter inventory control and milder weather helped retailers in February, as business at many merchants was not as bad as in January. Wal-Mart's gains far outpaced expectations -- but many stores, especially at the higher end, still struggled. Seattle Post-IntelligencerAggreko FY08 profit climbs; sees FY09 results well ahead of market expectations - Update Thursday, Aggreko Plc (AGK.L), a British supplier of temporary power and temperature control, reported a 52% rise in profit for fiscal year 2008, driven by strong segmental revenues, mainly in North America and International Power Projects. The company's Board recommended a final dividend, leading to a 25% jump in total dividend for the year. RTT NewsT. Boone Pickens Highlights February Foreign Oil Dependence Numbers as Energy Debate Heats Up in Washington Santa Barbara, CA - March 5, 2009 - Speaking at The Wall Street Journal's ECOnomics conference, today energy expert T. Boone Pickens provided his third consecutive monthly update on the level of United States' imports of foreign oil, at the same time that President Obama and Congress begin to forge a national energy policy. Investor Ideas1 2 |
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