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Oil prices below $93 amid reports on U.S. crude supply surge

Oil prices below $93 amid reports on U.S. crude supply surge

May 16, 2012 - 13:07 AMT  09:07 GMT
Inventories of gasoline fell 2.6 million barrels last week while distillates tumbled 1.6 million barrels, the API said.
Ara Grigoryan elected as head of Armenian Brandy Producers Union

Ara Grigoryan elected as head of Armenian Brandy Producers Union

May 15, 2012 - 21:48 AMT  17:48 GMT
Yerevan Brandy Factory Executive director was unanimously reelected as chairman of Armenian Brandy Producers Union.
Armenia to save$13 mln in Adler-Yerevan-Tehran railway reopening

Armenia to save$13 mln in Adler-Yerevan-Tehran railway reopening

May 15, 2012 - 19:23 AMT  15:23 GMT
Main transit line of the region – Adler- Sukhumi-Tbilisi- Kutaisi- Yerevan-Tehran railway has been out of operation since 1992.
With Avon not calling, Coty drops its offer

With Avon not calling, Coty drops its offer

May 15, 2012 - 17:24 AMT  13:24 GMT
Avon shares plunged 14 percent after Coty dropped its $10.7 billion takeover bid for the cosmetics company.
USD market average rate totals AMD 395,85 May 15

USD market average rate totals AMD 395,85 May 15

May 15, 2012 - 17:17 AMT  13:17 GMT
The market average rate of USD totaled AMD 395,85 on May 15, increasing by 1.04 point compared to May 14.
IMF says world oil prices to double over next decade

IMF says world oil prices to double over next decade

May 15, 2012 - 14:33 AMT  10:33 GMT
As oil prices remain at historically high levels, a combination of rising demand and constrained supply could have major consequences.
Financial markets plunge into fresh uncertainty amid Athens disarray

Financial markets plunge into fresh uncertainty amid Athens disarray

May 15, 2012 - 13:33 AMT  09:33 GMT
Greece was warned its aid payments would be cut off unless administration prepared to deliver economic reforms is produced.
UK’s JKX Oil & Gas firm launches commercial gas deliveries from Russia

UK’s JKX Oil & Gas firm launches commercial gas deliveries from Russia

May 15, 2012 - 12:59 AMT  08:59 GMT
The company launched a processing plant and associated facilities at the field in the first quarter of 2012.
French economy posts zero growth in Q1

French economy posts zero growth in Q1

May 15, 2012 - 12:50 AMT  08:50 GMT
But there was better news in Germany, where economy grew by stronger-than-expected 0.5% in the first 3 months of the year.
Private remittances to Armenia total $277.2 mln in Q1 2012

Private remittances to Armenia total $277.2 mln in Q1 2012

May 15, 2012 - 12:43 AMT  08:43 GMT
Russia maintains the biggest share of remittances to Armenia - $192.1 mln, followed by the U.S. with $12.3 mln.
Oil falls to near $94 amid Europe debt crisis concern

Oil falls to near $94 amid Europe debt crisis concern

May 15, 2012 - 11:59 AMT  07:59 GMT
Oil investors are also taking their cues from global stock markets, which have slumped so far this month.
Armenian Agriculture Minister to visit Israel

Armenian Agriculture Minister to visit Israel

May 15, 2012 - 11:01 AMT  07:01 GMT
Sergo Karapetyan will attend the 18th international agricultural Agritech expo to be held in Tel-Aviv on May 15-17.
Businesses increasingly looking to overseas acquisitions

Businesses increasingly looking to overseas acquisitions

May 15, 2012 - 10:38 AMT  06:38 GMT
“Following the financial crisis of 2008, the flow of economic power from ‘west’ to ‘east’ has undoubtedly sped up.
National Mortgage Company to place new bonds

National Mortgage Company to place new bonds

May 14, 2012 - 18:33 AMT  14:33 GMT
National Mortgage Company Universal Credit Organization emitted AMD 10 thous. bonds of AMD 100 thous. value.
SCR prepares for summer passenger traffic

SCR prepares for summer passenger traffic

May 14, 2012 - 16:59 AMT  12:59 GMT
South Caucasus Railways carries out inspections of passenger cars and locomotives, checks the security level on trains.
USD market average rate totals AMD 394,45 May 14

USD market average rate totals AMD 394,45 May 14

May 14, 2012 - 16:39 AMT  12:39 GMT
The market average rate of USD totaled AMD 394,45 on May 14, increasing by 1.04 point compared to May 11.
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Australia to establish special visa category for investors "Australia is well placed to attract investors who are looking for the financial security,” the Immigration Minister said.
Study: basic building blocks of life present on Mars A team of scientists found "reduced carbon" in the meteorites and says it was created by volcanic activity on Mars.
IOC drops Baku’s 2020 Olympics bid The IOC will decide which city will host the 2020 Olympics in a final vote on September 7, 2013 in Buenos Aires.
Sundance Selects nabs Cannes favorite “The Angels’ Share” comedy “The Angels’ Share” is a bittersweet comedy, about a Glasgow boy who is given one final chance to stay out of prison.
Megaupload founder demands his servers back Kim Dotcom demanded access to the data stored on his computers and hard drives that were confiscated during the raid.
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Greece may quit eurozone, while Armenia considers reinforcing macroeconomic stability

International agencies hailed Armenian government’s efforts to coordinate monetary-credit and tax and budgetary policy.