Articles by Pierre Bertrand

Churning Oil And Coal, Essar Group's Growth Mirrors Indian Economy

What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.
World Crude Oil

OPEC Meeting Preview - Five Things You Should Know

Leaders of the world's 12-member crude oil cartel gather this week in Vienna to discuss and perhaps set a production ceiling for the group in what is expected to rubber stamp the current state of affairs. It is also expected to feature a fierce tug-of-war between Saudi Arabia, the cartel's dominant producer, and Iran.
Best Buy

Best Buy Founder And Chairman Richard Schulze Resigns

Richard Schulze, the founder and largest shareholder of Best Buy Co. (NYSE: BBY), the biggest U.S. electronics chain store, told the company's board Thursday he is resigning, effectively immediately. A reason for the abrupt departure was not publicly disclosed.

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RTS220UI

Argentine Peso Strengthens On Optimism Over IMF Talks

The Argentine peso rose 4.43 percent on Thursday, and investors cited optimism that the recession-hit country will strike a new standby financing agreement with the International Monetary Fund aimed at guaranteeing government solvency.