Opec prepares to rein in price fall
Brussels: OPEC ministers said on Wednesday they will curb oil supply and shore up falling prices at a meeting this week, in preparation for the return of Iraqi crude exports to the world market. Back to News Review index page  

Greenspan gets 4-year extension
Washington: Global financial markets should be bolstered by the White House's decision to back another term for Alan Greenspan at the helm of the US Federal Reserve, treasury secretary John Snow said.
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American Air tries to dodge bankruptcy
Chicago: While American Airlines scrambled on Tuesday to avoid filing for bankruptcy, two smaller US carriers reported mixed results showing an industry still in crisis.
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Yukos to acquire Sibneft, form fourth largest oil co
Moscow: Russia's second biggest oil company Yukos is to buy fifth largest Sibneft in a deal that will create the world's fourth largest oil producer and could ward off a possible foreign bid.
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UPS net up to $611m
Washington: United Parcel Service, the world's biggest package carrier, said quarterly earnings rose in a US economy rattled by the Iraqi war.
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