Venezuela has recently allowed foreign oil development firms to return to the country after having thrown them out over a year ago. Interestingly, most US oil companies are stating away from Venezuela (and indeed some, such as Exxon/Mobil are still involving in litigation against Venezuela), however European oil companies have responded favorably to the invitation to return. See http://www.ft.com/cms/s/0/5c4d3202-eef0-11dc-97ec-0000779fd2ac,noOfParas=2,emailFormat=plainText,storyType=ultralight,dwp_uuid=8fa2c9cc-2f77-11da-8b51-00000e2511c8,print=no,_i_email=y.html
This article discusses attempts by several Persian Gulf states to develop alternative methods of fuel and energy generation for economic and environmental reasons. See http://www.ft.com/cms/s/0/2e10ac0c-eef5-11dc-97ec-0000779fd2ac,noOfParas=2,emailFormat=plainText,storyType=ultralight,dwp_uuid=728a07a0-53bc-11db-8a2a-0000779e2340,print=no,_i_email=y.html
The IMF has warned Vietnam that it needs to implement certain economic measures in order to keep its economy from developing too fast to be sustainable. See http://www.ft.com/cms/s/0/2733077c-eef5-11dc-97ec-0000779fd2ac,noOfParas=2,emailFormat=plainText,storyType=ultralight,dwp_uuid=7f5f6b12-2f66-11da-8b51-00000e2511c8,print=no,_i_email=y.html
New figures state that China's inflation rates continued to rise in February, 2008. See http://www.iht.com/articles/2008/03/11/business/11yuan.php
This article discusses the combined actions of the US and several European reserve banks in order to combat the threat of inflation. See http://www.iht.com/articles/2008/03/11/business/fed.php
This article discusses the findings of a new report by the Inter-American Development Bank which indicates that remittances by immigrants to the US to their home states dropped last year. See http://www.ft.com/cms/s/0/d76f27a6-eedc-11dc-97ec-0000779fd2ac,noOfParas=2,emailFormat=plainText,storyType=ultralight,dwp_uuid=8fa2c9cc-2f77-11da-8b51-00000e2511c8,print=no,_i_email=y.html
New data from January, 2008 indicates that German export rates rose, which is surprising to some given the increased strength of the euro. See http://news.bbc.co.uk/go/em/fr/-/2/hi/business/7288324.stm
In another issue which might reach the WTO in the future, the EU is investigating whether the US' rules on online gambling are violations of international trade law. See http://news.bbc.co.uk/go/em/fr/-/2/hi/business/7288365.stm
This article discusses the impact of recent market volatility, especially in the lending sector, on hedge funds. See http://www.iht.com/articles/2008/03/10/business/hedge.php
This article discusses the less than stellar performance of a new Chinese IPO involving China Railway Construction and what this performance means for the markets in China and Hong Kong generally. See http://www.iht.com/articles/2008/03/10/business/chipo.php
This article discusses the concerns of Europe's Central Bank regarding the volatile currency market and its effects on the euro and the dollar. See http://www.iht.com/articles/2008/03/10/business/euecon.php

Now Boeing protests the tanker refueler award to the EU group. Given Boeing's past history of corruption in connection with defense contracting it is a bit ironic.

http://www.reuters.com/article/businessNews/idUSWEB824920080311