Deutche Bank reported on Tuesday 29th April 2008 , its first quarterly loss in five years. It attributed the losses to the drastic impact of the credit crisis. The largest Bank of Germany also said the short term outlook still remains highly uncertain. The Net revenues plunged by over 50%. The corporate and Investment Banking [...]

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Europe’s two biggest oil companies BP and Royal Dutch Shell have delivered more than expected profits for the first quarter. This has been made possible due to the abnormally high crude oil prices which are near their record high of 120$. However BP warned that the output would be about the same this year as [...]

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West asia economies which are dependent on crude oil sales for their livelihood are happier lot for the last two years since crude oil has moved from below 30$ per barrel to over 115$ per barrel. Wherever you go in Dubai or Saudi Arabia and Abu Dhabi you will find the construction machines roaring and [...]

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