By Mil Arcega Washington 03 January 2008 Oil prices soared to a record $100 a barrel Wednesday in New York before falling back, as worldwide demand for oil continues to grow. Surging economies in China and India have helped push oil prices higher ove...
By VOA News 21 November 2007 World oil prices hit a new record in Wednesday's trading, hitting $99.29 a barrel before easing downward. That is 67 cents above the previous record, which was set on November 7. Traders say the soaring prices stem from t...
03 The Definition of Price Prices determine how resources are to be used. They are also the means by which products and services that are in limited supply are rationed among buyers. The price system of the United States is a complex network compose...
By Greg Flakus Houston 31 October 2007 As oil prices reach record levels, industry observers ponder a future of increased demand and a possible peak in production. A European group announced last week that world production peaked last year and will d...
By Mil Arcega Washington 30 October 2007 Oil prices peaked sharply higher Monday, fueled in part by ongoing concerns about dwindling supplies. In New York, crude contracts for December hit an all time high near $94 a barrel. Some energy traders say...
China's top economic planner is telling local departments to keep prices stable for the upcoming Mid-Autumn and National Day holidays. The National Development and Reform Commission forbids manipulating market prices. The NDRC wants local pricing au...
By Michael Bowman Washington 06 September 2007 Technology aficionados who rushed out to buy Apple's much-hyped iPhone since its debut less than three months ago are expressing buyer's remorse now that Apple has slashed the product's price by one-thir...
By Peta Thornycroft Southern Africa 16 July 2007 Price control measures introduced by the Zimbabwe government this month are already having widespread negative repercussions, with many locally owned enterprises already considering closure. But as Pet...
By Steve Herman New Delhi 05 March 2007 In India - the world's second most populous nation (after China) - there is a shortage of girls. A large part of the problem is a perception that girls are a financial burden. This preference for boys has led...
By Tendai Maphosa Harare 07 August 2006 New Zimbabwean bank notes introduced by the Reserve bank governor in Harare, Wednesday, August 2, 2006 The Zimbabwean government has ordered businesses not to increase prices until later this month when the ch...
