Tuesday, May 22, 2007

Quick Overview

  • An index of investor confidence in Germany increased from 16.5 to 24.0 in May, the highest score in 11 months.

  • The U.S. House of Representatives voted to allow the government to sue OPEC for price manipulation -- the White House threatened to veto.

  • The handling capacity of China's ports is expected to hit 8 billion tons and 170 million TEUs (twenty-foot container equivalent units) in 2010. The cargo handling capacity of all China's ports totaled 5.6 billion tons and 93 million TEUs in 2006.

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