Thursday, May 17, 2012
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Pertamina eyes stakes in blocks when foreign contracts expire

Indonesia's state oil firm Pertamina wants to take stakes in two key gas projects where the foreign partners are in talks with Indonesia's government to extend existing contracts, a Pertamina official said on Tuesday. >>

Japan job woes dampening hope for demand recovery

Japan's jobless rate rose to a new 5-1/2-year high in May and job availability sank to record low, reinforcing the view that domestic consumption will be a drag on any recovery even though government stimulus helped produce a rise in household spending. >>

Forex Trading - C$ edges higher as oil climbs; equities steady

The Canadian dollar edged higher against the U.S. currency on Monday, underpinned by firmness in commodity prices and steady global markets, while trading was expected to be lackluster this week due to holidays on both sides of the border >>

Forex-Fed offers cautious hope; S.Korea upgrades outlook

The Federal Reserve said the recession in the United States was easing, offering some hope of a pick-up in the global economy, and South Korea said its economy would shrink by less than previously forecast. >>

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