Venezuela and Iran will both invest $760 million in each other's energy sectors under deals signed during a visit to Tehran by Venezuelan President Hugo Chavez, Iran's Oil Ministry website SHANA said on Monday. It said state oil company Petroleos de Venezuela SA (PDVSA) would invest $760 million in the development of phase 12 of
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The Cyprus Agricultural Payments Organisation has recently signed a protocol of cooperation with the respective Polish organisation, providing for the exchange of experience and in general the strengthening of their cooperation. According to a press release, the protocol was signed on behalf of the Cyprus Agricultural Payments Organisation by Commissioner Costas Petrides and on behalf
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European shares mostly rose on Monday for the second consecutive session, with Cadbury soaring more than 40 percent following a $16.7 billion bid approach from North America's Kraft Foods. By 1023 GMT the pan-European FTSEurofirst 300 index of top shares was up 1.4 percent at 975.46 points. The index, which slumped 45 percent in 2008,
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Britain's Cadbury (CBRY.L), the world's second biggest confectionery group, has rejected a $16.7 billion bid approach by Kraft Foods Inc., (KFT.N) but North America's biggest food group still hopes it can clinch a deal. Kraft said on Monday it had offered 300 pence in cash and 0.2589 new Kraft shares for each Cadbury share in
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Google on Monday defended its plan to scan and publish millions of books online, telling a European Commission hearing it made access to information on the Web more democratic. The California company struck a deal with author and publisher groups in the United States earlier this year, allowing it to copy books for the Internet.
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Burberry, Investec, Segro and Rentokil look set to enter the UK's FTSE 100 index later this month after a quarterly rejig and to replace Thomson Reuters, which is delisting. Luxury goods group Burberry is set to be determined as the replacement for Thomson Reuters after the market closes on Monday as the company on the
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European equities on Monday extended the previous session's sharp gains, boosted by Cadbury which surged 39 percent on a $16.7 billion bid by North America's Kraft Foods. At 0844 GMT, the FTSEurofirst 300 index of top European shares was up 1.3 percent at 974.72 points after climbing 1.3 percent higher in the previous session. The
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Shares in Asia rose on Monday after U.S. data showed a slowdown in layoffs, while Chinese shares extended gains on hopes that Beijing will pull out more policy tools as needed to support its volatile stock market. Investors were also heartened after G20 finance ministers and central bankers agreed to keep economic stimulus measures in
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. Millions upon millions of words have been written about wine. They range from pretentious rubbish to simple common sense. The proportion of high-flown tosh rises in direct relation to the cost of the wine. In print, many writers are guilty of penning quite absurd descriptions of the most precious fluid God gave man. In
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. Finance Minister Charilaos Stavrakis is like the circus juggler who is putting on his best-ever performance before the whole show closes down – he is desperately trying to lessen the burden on the public purse in order to keep the economy afloat amid the global financial crisis and a slowdown in tourism. The IMF
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