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Miesiąc: sierpień 2011

Exxon in Arctic deal with Russian oil giant

Exxon in Arctic deal with Russian oil giant

ExxonMobil is making a big move into the Russian Arctic. The U.S. oil company entered into a partnership with Russian oil giant Rosneft Tuesday, giving Exxon access to vast Arctic oil deposits and Rosneft a leg up in cutting-edge oil technology.

Libyan peace could bring oil bonanza

Libyan peace could bring oil bonanza

If a lasting peace manages to take hold in Libya, in just a few years the country’s pre-war production of 1.6 million barrels a day of highly prized light oil could be flowing into the market.

Libyan oil could take years to come back

Libyan oil could take years to come back

If Libyan rebels are successful in their bid to oust the country’s longtime dictator, Moammar Gadhafi, analysts say Libya’s prized „light oil” should begin trickling back on the market within a few months.

UBS to cut 3,500 jobs

UBS to cut 3,500 jobs

Swiss bank UBS said Tuesday that it is reducing its staff by 3,500 jobs, including some reductions in the United States, through a mixture of layoffs and „natural attrition.”

Asia ends lower, Europe starts in the red

Asia ends lower, Europe starts in the red

World stock markets fell Friday following a bruising selloff in global markets during the previous session. Asian stocks ended broadly lower, European stocks opened in the red and U.S. futures pointed to a down start.

Europe’s debt crisis: Expect more trouble

Europe’s debt crisis: Expect more trouble

The bailout agreement reached this summer to stop Europe’s downward spiral did not even buy time for its sacrosanct August holidays. Within two weeks of the pact, a reluctant European Central Bank was forced to step into the breach and buy Italian and Spanish bonds to counter the market’s assault. Leaders had agreed that Europe’s bailout fund could buy sovereign bonds in such a situation, but the deal has not yet been ratified by national legislatures, and in any case…

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Will Europe’s economy come tumbling down?

Will Europe’s economy come tumbling down?

At first glance, Yiannis Boutaris would seem to be an unlikely free-market reformer. The 69-year-old mayor of Thessaloniki, Greece’s second-largest city, has tattoos decorating his forearms and knuckles, short-cropped white hair, and a face creased like worn leather. As we sit and talk in his drab office on a sweltering summer afternoon, he’s chain-smoking unfiltered Camels and wearing jeans, a gold stud earring, and black high-top Keds sneakers with no laces. Boutaris was a businessman before he got into politics,…

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