For some oil companies, Venezuela is hardly the worst option
IHT.comThe edicts of President Hugo Chávez are relatively tolerable when compared with conditions in countries like Russia, which has revisited old contracts and applied back taxes, and Mexico, which hardly welcomes private investment in the oil sector.
Read full articleBanks
ShoreBank thrives despite early predictions
Opening a bank aimed at improving the quality of life in poor urban areas was supposed to be a grand... [read more]
U.S. subprime woes could hurt Swiss banks, report says
While banks including UBS and Credit Suisse have raised their ability to absorb shocks, recent increases... [read more]
Energy
BP in oilseed tree project
Company sets up a venture with biodiesel firm to increase planting of jatropha, a tree that produces... [read more]
Record oil profit masks Malaysian dependence
The Malaysian national oil company, Petronas, has posted record annual profit, but fuel subsidies and... [read more]
