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| Posted : 09 May 2008 2140 hrs |
Oil prices hit a record high of above US$126 on Friday, driven by speculative interest amid concerns about tight global energy supplies, analysts said.
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The US trade deficit shrank to 58.2 billion dollars in March from a revised 61.7 billion a month earlier, as the weak dollar fuelled a surge in exports, the Commerce Department said Friday.
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Birth control at home and friendly ties with the world's top rice exporters will help the Philippines survive soaring food prices, President Gloria Arroyo said Friday.
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| Oil jumps above US$126 for first time, Dow plunges 117 points |
| US trade deficit narrows to US$58.2b, soothed by weak dollar, falling imports |
| Citigroup to slash US$400b in assets |
| Microsoft appeals against record EU anti-trust fine |
| EDF makes offer for British Energy |
| Coca-Cola, P&G, Nestle on China's quality blacklist |
| Protesters rally in SKorea ahead of US beef imports |
| Japan's Konica Minolta to pay penalty for failing to declare income |
| Major eurozone companies facing tighter credit conditions, says ECB |
| US dollar moves little against euro as ECB warns of inflation |
| Oil prices extend record run, break US$126 |
| Former Siemens chief will not face penal charges, says prosecutor |
| Decision on Danish euro referendum in next two months |
| Philippines pitches birth control, friendly ties to beat rice crisis |
| China's Xiamen International Airport eyes tie-up with Taiwan airlines |
| Japan Airlines says back in profit, sees drop ahead |
| Coca-Cola to invest US$50m in Kenya |
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