Archive for Featured

Oil hits fresh peaks on Middle East, weak dollar

Published by Alexander F. Scarlatti on 6 April 2011 in Featured, World.

Oil hits fresh peaks on Middle East, weak dollar

(Reuters) – Oil prices hit fresh peaks on Wednesday, rising to their highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate rise.

Chinese Navy announces naval exercise

Published by Alexander F. Scarlatti on 6 April 2011 in Featured, World.

Chinese Navy announces naval exercise

The People’s Liberation Army Navy (PLAN) announced yesterday plans for a live-fire submarine warfare exercise later this week, which a government spokesperson called a “drill to test operational readiness.”