Friday, March 30, 2007

Today's Headlines

Bloomberg:
- Crude oil is falling .13/bbl., notwithstanding rumors surrounding the situation with Iran and the UK sailors.
- Corn prices are falling the maximum daily limit of 5% after a government survey showed US farmers plan to sow more of the grain than analysts expected this spring and the most since 1944. Soybeans and wheat are also falling on the report.
- Brazilian President Luiz Inacio Lula da Silva, seeking to bolster his nation’s influence in Latin America, heads to Camp David tomorrow for the first state visit to the US presidential retreat in 16 years by a leader from the region.
- The US dollar fell against the euro and declined versus the yen as the US added tariffs on imports from China.
- European Union foreign ministers pressed Iran to release 15 captive British sailors and marines, calling the arrest a “big mistake” that could do further damage to Iran’s international standing.

Wall Street Journal:
- Germany’s economic recovery is benefiting the west of the country far more than the east, where jobs remain scarce and unemployment levels much higher.

NY Times:
- An increasing number of US middle-aged and elderly people are playing non-violent, intellectually challenging video games to keep their minds sharp.

Financial Times:
- Global mergers and acquisitions reached $1.13 trillion in the first three months of 2007, a 14% increase from the same period last year, citing data provider Dealogic.

Marine Link:
- Azerbaijan plans to double its oil output by 2010, pushing it to 65 million tons a year, citing the country’s energy minister.

Xinhua News Agency:
- Volkswagen AG plans to make its China-made cars at least 20% more fuel efficient by 2010.

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