Citgo's Rodriguez to Be Tranferred to Europe, Venezuelan Ambassador Says

(Bloomberg) -- Felix Rodriguez, chief executive
officer at Citgo Petroleum Corp., the U.S. refining business of
Venezuela's state-owned oil company, is being transferred to the
parent company's European operations.

Rodriguez will be replaced by Citgo Chairman Alejandro
Granado, said Bernardo Alvarez, Venezuela's ambassador to the
U.S. The change will take place in a few weeks, Alvarez said
today in an interview in Chicago.


Read more at Bloomberg Energy News

Kimmitt says housing sector stabilizing

(Reuters) - Kimmitt was sent to the G8 session as a stand-in for Treasury Secretary Henry Paulson, who stayed in Washington to prepare for economic discussions next week with a high-level delegation from China, which Paulson has made a priority.




"While the economy grew modestly in the first quarter, we are confident it will return toward trend over the year," Kimmitt said in a statement issued at the conclusion of the G8 meeting that began on Friday evening and wrapped up on Saturday afternoon.


Read more at Reuters.com Business News

Copper up as China fears ease; gold rises

(Reuters) - Copper ended slightly higher on Friday after two days off losses, with technical support trumping worries that China's explosive demand for the industrial metal may ease.

Gold and silver also rose as stronger oil prices prompted investors to turn to the inflation hedge in precious metals.


Read more at Reuters Africa

Canada's Flaherty says more yuan flexibility needed

(Reuters) - China's central bank announced on Friday it would widen the
trading band for the yuan currency to 0.5 percent from 0.3
percent. It also tightened its one-year lending rate and the
one-year deposit rate.




Flaherty also said the United States has consulted Ottawa and
other governments on the best choice to replace World Bank
President Paul Wolfowitz, who resigned late Thursday.


Read more at Reuters.com Bonds News

Brazil won't cut bank reserve levels -finance min

(Reuters) - "The government isn't considering reducing reserve
requirements," he said at a banking event.




Currently, banks in Brazil must deposit 30 percent of total
savings account deposits with the central bank.


Read more at Reuters.com Bonds News

Verizon exec pay proxy approved in final vote count

(Reuters) - The proposal had sought the company's board of directors to adopt a policy giving shareholders an annual vote on senior executive pay packages.




Read more at Reuters.com Business News

US Congress, White House Iraq meeting sputters

(Reuters) - After more than an hour of talks with top White House
aides, Democrats told reporters they nonetheless would try
passing a bill next week to fund the U.S. troops in Iraq and
Afghanistan.




"To say I was disappointed in the meeting is an
understatement," said Senate Majority Leader Harry Reid, a
Nevada Democrat.


Read more at Reuters.com Bonds News