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Trade-Exchange Rates

  • Blame game at the U.N.
    30 October 2004 par (Open-Publishing)

    Revelations about the U.N. Oil for Food Program get uglier and uglier. Designed to allow Iraq to collect revenues to pay for humanitarian supplies such as food and medicine, it appears to have been manipulated by Baghdad to reward friends of the regime and enrich the country’s leadership. The damage has been magnified by allegations of corruption and negligence on the part of the United Nations. There needs to be a complete investigation of what went wrong with the Oil for Food Program, but (…)

  • European consumers ignore most famous US brands
    29 October 2004 par (Open-Publishing)

    Market specialists believe that the reduction of sales in Europe might last for quite a long period of time
    The US government is suffering losses not only in Iraq. Cult American brands such as Marlboro, Coca-Cola, MsDonald’s, Ford and others are currently experiencing a decline on the European market, particularly in Germany in France.
    According to the results of the third quarter of this year, American companies have found themselves in a rather unpleasant situation. Car makers Ford and (…)

  • Memos Warned of Billing Fraud by Firm in Iraq
    25 October 2004 par (Open-Publishing)

    By ERIK ECKHOLM
    Managers of a security firm that won large contracts in Iraq warned their bosses in February of what they called a pattern of fraudulent billing practices, internal company memorandums suggest.
    The memorandums, written primarily by two company managers, charged that the security firm, Custer Battles, repeatedly billed the occupation authorities for nonexistent services or at grossly inflated prices.
    The company, which quickly grew to garner security contracts worth $100 (…)

  • AFGHAN OPIUM:Iraq drug trade grows
    11 October 2004 par (Open-Publishing)
    1 comment

    By T. CHRISTIAN MILLER
    Afghanistan’s opium crop this year is set to break all previous records, surging past even the highest levels cultivated during the Taliban regime, top American and international counternarcotics officials said.
    At the same time, U.N. and U.S. officials are increasingly worried by signs of a nascent drug trade developing in Iraq, where smugglers are taking advantage of the continuing chaos and unguarded borders.
    Instability in the wake of the U.S.-led invasions (…)

  • Report Cites U.S. Profits in Sale of Iraqi Oil Under Hussein
    11 October 2004 par (Open-Publishing)

    By JUDITH MILLER and ERIC LIPTON
    Major American oil companies and a Texas oil investor were among those who received lucrative vouchers that enabled them to buy Iraqi oil under the United Nations oil-for-food program, according to a report prepared by the chief arms inspector for the Central Intelligence Agency.
    The 918-page report says that four American oil companies - Chevron, Mobil, Texaco and Bay Oil - and three individuals including Oscar S. Wyatt Jr. of Houston were given vouchers (…)