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Fuel price cut likely tomorrow
Published December 5, 2008, 2:43 am, Business Standard India
Petroleum Minister Murli Deora today said that the government was likely to announce a cut in prices of petrol, diesel and cooking gas on Saturday as part of a market stimulus package which is also likely to include a Rs 2,000 cr export package and further relaxation in external commercial borrowing norms.
RIL seeks textile-related patents
Published December 5, 2008, 2:42 am, Business Standard India
Reliance Industries (RIL), the largest private company of country, is seeking two patents related to the textile industry.
Oil steadies around $44 ahead of jobs data
Published December 5, 2008, 2:41 am, Reuters via Yahoo! News
Oil steadied around $44 on Friday, not far off its lowest level in almost four years, as financial markets awaited U.S. jobs data for clues to the state of demand in the world's biggest oil consumer.
Oil Set for Biggest Weekly Drop Since March 2003 on Demand Slip
Published December 5, 2008, 2:41 am, Bloomberg
Dec. 5 (Bloomberg) -- Crude oil is set for its biggest weekly decline since March 2003, trading near a four-year low as the economic contraction and job losses in the U.S. cause a slump in fuel demand.
Nigeria: Senator's 77-Year-Old Mother Kidnapped
Published December 5, 2008, 2:40 am, AllAfrica.com
Port Harcourt — Barely a week after a Scot was kidnapped from Cocaine village in Port Harcourt, the 77 year - old mother of Senator Lee Meaba, the Senate Committee Chairman on Petroleum (downstream), Mrs. Nowa Meaba has been kidnapped.
Nigeria: 'Why Ajaokuta Steel Can't Start Work Now'
Published December 5, 2008, 2:40 am, AllAfrica.com
Abuja — Although workers of Ajaokuta Steel Company Limited said if given the permission, they are ready to commence operation of the company and generate money to assist in its completion and augment payment of staff salaries, the supervising Minister of the Ministry of Mines and Steel Development, Mr. Demola Seriki, has explained why it is not possible to grant their prayer.
City disputing town's claim on land used for farmer's market
Published December 5, 2008, 2:39 am, The Ithaca Journal
A property dispute between the Town of Ithaca and the City of Ithaca could jeopardize a renewed lease agreement for the Ithaca Farmer's Market.
Editorial: Reversal is not enough
Published December 5, 2008, 2:38 am, Business Standard India
Ending the ban on futures trading in four agricultural commodities — rubber, chana (chickpea), potato and soyabean oil — is a welcome indication of the government’s intent to resume agricultural marketing reforms, halted under pressure from the Left. But the government is still in two minds, it would seem, because the bar on derivatives trading in four other farm commodities, including rice, ...
Nigeria: Nigeria, Russia to Conclude Bi-Lateral Agreements
Published December 5, 2008, 2:37 am, AllAfrica.com
Abuja — President Umaru Musa Yar'Adua has directed that all outstanding agreements and treaties between the Russian Federation and Nigeria should be signed under the aegis of the Nigeria - Russia Joint Commission.
Most Asian Stocks Gain on Speculation Oil Slump Will Cut Costs
Published December 5, 2008, 2:36 am, Bloomberg
Dec. 5 (Bloomberg) -- Most Asian stocks rose, led by electronics companies, as speculation oil prices near a four- year low will reduce companies’ costs and spur consumer spending countered a drop in commodity shares.
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