OPEC is ready to increase its output if the fundamentals of supply and demand justify such a move, but does not believe there is a current shortage of oil in the market, the cartel's secretary-general Abdallah el-Badri said on Wednesday.
Agricultural commodity prices will advance for at least three more years, bolstered by demand that's expanding faster than supply, according to a report by Jeffrey Currie from Goldman Sachs Group Inc.'s.
The Norwegian born shipping and salmon farming magnate, now living in Cyprus, Kjell Inge Røkke, not only has recorded heavy losses on his large share in the world's largest salmon farming company, Marine Harvest ASA.
While in North America there are growing concerns about the possible extinction of chinook salmon in Puget Sound and the Columbia River, significant numbers of chinook from the Pacific Ocean have moved around the tip of South America and are invading streams in Argentina, where they don't belong.
The Spanish government called general elections for March 9, formally launching Monday what is shaping up as a close race between the ruling Socialists and opposition conservatives.
Two members of the conservation organization Sea Shepherd are being held on a Japanese whaling boat they boarded last night in Antarctic waters. According to the group the two men, a Briton and an Australian, boarded the Yushin Maru No. 2, to deliver a message that its whaling activities are illegal.
The World Trade Organization's chief agriculture negotiator said that members have narrowed their differences and made a lot of progress in recent talks but more still needs to be done before an agreement is reached.
World rice production is projected at a record 421.2 million tons (milled basis) in 2007/08, up less than 1% from a year ago, while global rice trading is forecasted to reach 29.6 million tons, up 3%, according to the latest reports from the US Department of Agriculture.
Philip Agee, the former CIA operative who broke with the agency and devoted his life to exposing its role in political subversion, assassination, torture and support for military dictatorships, died January 7 in Cuba at the age of 72. Cuban sources said that he died of peritonitis after ulcer surgery.
Goldman Sachs Group Inc., one of the world's leading investment banking and investment management firms lowered its forecast for China's 2008 GDP growth to 10% from 10.3%, due to an expected 2008 recession in the U.S.