(PTI): Saudi Arabia and Venezuela predict the price of oil will exceed $70 a barrel when stock levels fall and the demand for crude rises. Venezuelan President Hugo Chavez said he was ‘satisfied’ with the rise in crude prices in recent weeks, adding that oil appeared to be heading towards levels seen in 2007, when [...]
Oil prices will exceed $70 a barrel
Published in May 24th, 2009
Posted by The Business Time in Business
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Israel to link nuclear-armed Pakistan to Iran
Published in May 24th, 2009
(PTI): A security expert in Israel talks of Pakistani hands helping Iran with its missile advances after a modified version of an Iranian ballistic missile was tested by Tehran. Iran successfully test-fired a new deterrent medium-range surface-to-surface missile, dubbed Sejjil-2, on Wednesday. The plus-2000-km-range surface-to-surface missile
CIA and Pakistani police run joint operation in Pakistan
Published in May 24th, 2009
Posted by The Business Time in National
(PTI): CIA and Pakistani police forces have reportedly carried out a joint operation in Charsadda in north western Pakistan and arrested seven militants. CIA and Peshawar police jointly raided a house in the area on a tip-off, Pakistan’s The News reported. Three terrorists that planned to carry out suicide attacks were among
36 US banks closed this year
Published in May 24th, 2009
Posted by The Business Time in Business
(PTI):Two Illinois banks have been closed by regulators, bringing to 36 the total number of US bank failures so far this year. The closure of Citizens National Bank and Strategic Capital Bank is estimated to cost the Federal Deposit Insurance Corp. (FDIC) around $279 million. Citizens National and Strategic Capital were bought by Morton Community [...]
No talks with Israel unless occupied Golan Heights are returned: Syria
Published in May 23rd, 2009
Posted by The Business Time in World
(PTI): Syrian Foreign Minister has reiterated that his country will not resume peace talks with Israel unless Tel Aviv agrees to return the occupied Golan Heights. In response to an Israeli offer for negotiations without preconditions, Syrian Foreign Minister Walid al-Moualem said on Friday that that the talks with Israel would be useless without a [...]
GM receives $4B aid as company is expected to file for bankruptcy protection
Published in May 23rd, 2009
Posted by The Business Time in Business
(PTI): General Motors has received another $4 billion from the US Treasury as the company is expected to file for bankruptcy protection by the end of the month. It also reached a deal with the Canadian Auto Workers Union to reduce labor costs. The latest emergency funds bring the total in emergency government loans to [...]
