March 28, 2006

Brazilian real, Mexican peso lose ground to US dollar

Permalink: Brazilian real, Mexican peso lose ground to US dollar by Brian Turner The Brazilian real lost 2 percent on Tuesday to take it to R$2.2231 to the US dollar on concerns that the new finance minister there will loosen monetary policy in the South American nation. The real has lost 3 percent to the dollar so far this week. Meanwhile, the Mexican peso dropped 0.3 percent to the greenback to ...

March 27, 2006

Higher domestic oil product prices in China

Permalink: Higher domestic oil product prices in China by Brian Turner China announced Sunday that it has raised prices for its domestic oil products to make up losses created by the difference in prices between crude oil and oil products. China’s refineries lost a reported Rmb30 billion last year, and the lack of enthusiasm on the part of refiners to supply the domestic market due to low prices led to ...