Venezuelan President Hugo Chavez visited Panama on June 22 and signed a number of cooperation agreements with Panamanian President Martin Torrijos
Media Release
Jun. 22, 2006

Venezuelan President Hugo Chavez visited Panama on June 22 and signed a number of cooperation agreements with Panamanian President Martin Torrijos. One agreement reactivates a project to build an oil pipeline from Venezuela to Panama that would allow Venezuela access to the Pacific Ocean for oil exports. Chavez also proposed that Venezuela build an oil refinery in Panama, and asked Torrijos to join Venezuela's Petrocaribe initiative through which it sells oil on preferential terms to Central American and Caribbean countries.

Venezuelan President Hugo Chavez visited Panama on June 22 and signed a number of cooperation agreements with Panamanian President Martin Torrijos
Media Release
One agreement reactivates a project to build an oil pipeline from Venezuela to Panama that would allow Venezuela access to the Pacific Ocean for oil exports.
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Nokia, the Finnish telecoms company, has terminated plans to set up a joint venture with Sanyo
Media Release
Nokia, the Finnish telecoms company, has terminated plans to set up a joint venture with Sanyo, the Japanese communications company, after deciding it did not make economic sense.
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British Airways and other airlines are to face an investigation into alleged cartel activity
Media Release
British Airways and other airlines are to face an investigation into alleged cartel activity in relation to prices and fuel surcharges, the UK airline said.
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Excessive equity option seculation indicative of start of major bear market
Media Release
Volume of trading in equity options has jumped 47 per cent in the past year in the US
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Oil slips while gold rallies
Media Release
Oil slipped 18 cents to $68.80 a barrel in late morning trade on the New York Mercantile Exchange
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Yen rise on rate boost hopes
Media Release
Yen boosted from Y115.48 to Y114.62 against the dollar and from Y145.1 to Y144.2 against the euro.
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Government bonds fell and yields rose on Tuesday after strong data on housing markets from the UK and US
Media Release
Government bonds fell and yields rose on Tuesday after strong data on housing markets from the UK and US heightened fears about interest rate rises.
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Wall Street pushed higher, recovering from two days of falls
Media Release
Wall Street pushed higher, recovering from two days of falls. Defensive stocks such as consumer staples were in strong demand. Energy stocks were boosted by resurgent crude oil prices.
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