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World Business Briefing: Mexico: Trade Deficit Less Than Expected

Tue, 26 Dec 2006 23:34:33 EDT | New York Times

Mexico?s trade deficit was a smaller-than-expected $1.57 billion in November, the government said. Analysts had forecast the November trade deficit at $1.91 billion, up from $1.23 billion in October. The figure brought the accumulated trade deficit for the first 11 months of 2006, to $4.71 billion. The finance ministry said exports rose 6.3 percent in November from a year ago, to $21.50 billion, while imports were up 6.4 percent, to $23.07 billion.


World Business Briefing: Russia: Profit Slips 13% at State-Controlled Oil Producer

Wed, 27 Dec 2006 23:32:45 EDT | New York Times

The Russian state-controlled oil company Rosneft reported a 13 percent decline in third-quarter profit, mainly as a result of lower crude oil prices and higher taxes. The company said it earned $1.05 billion in the period, down from $1.21 billion a year earlier, but slightly higher than analysts? forecasts of $1.02 billion. Analysts said the company?s outlook remained favorable because of its forecast for rapid production growth. Revenue increased to $9.17 billion from $7.08 billion as production rose 9.3 percent to an average of 1.6 million barrels a day.


World Business Briefing: South Korea: Car Exports Help Trade Surplus Surge

Wed, 27 Dec 2006 23:35:29 EDT | New York Times

South Korea posted its largest current account surplus on record in November, driven by exports of semiconductors and cars and a decline in the cost of imported oil. The surplus widened to $4.24 billion last month from $2.06 billion in November 2005, the Bank of Korea said. On a seasonally adjusted basis, the surplus was $2.98 billion in November compared with $1.54 billion a year ago. The current account is the broadest measure of trade, covering the flow of goods, services and money across borders.


YouTube Is a Sign of Fast-Moving Times

Thu, 28 Dec 2006 16:28:00 EST | NPR News Headlines

If you want an example of hyper-speed in the digital world, consider the video-sharing company YouTube. A year ago hardly anyone knew it existed. Now millions of users look at YouTube videos daily; it played a role in the 2006 Congressional elections, and in October, Google bought YouTube for a whopping $1.65 billion.


World Business Briefing: Germany: Siemens Joins I.B.M. in Military Deal

Thu, 28 Dec 2006 23:22:19 EDT | New York Times

I.B.M. and Siemens have won a 7.1 billion euro ($9.3 billion), 10-year contract to modernize and manage the nonmilitary information technology systems of Germany?s armed forces, the two companies said. Siemens will receive a 60 percent share of the deal, the biggest contract ever won by the German industrial conglomerate. I.B.M. will receive the rest. The two companies will both manage the project, jointly holding 50.1 percent in the consortium running it. The German government holds the remaining 49.9 percent. I.B.M. and Siemens said on Thursday they would bring the armed forces? data centers, software, computers, telephones and data networks up to the latest standard as part of the modernization project.


Gucci Owner Is Said to Weigh Bid for Suez

Fri, 29 Dec 2006 21:01:31 EDT | New York Times

The billionaire?s bid for the French utility could be as high as 70 billion euros ($92 billion).


BellSouth and AT&T Close Deal

Fri, 29 Dec 2006 23:39:24 EDT | New York Times

The approval by the F.C.C. of AT&T?s $85.8 billion acquisition of BellSouth makes the deal the largest telecommunications merger in U.S. history.


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