Uzbekistan news for August 27, 2010

In this issue:

2 Corporate news
2 Gazprom receives commercial inflow of gas in Uzbekistan
2 Qishloq Qurilish bank invests 2.2 billion soums
2 Hi-Tech Bank gets license for currency operations
2 Universalbank credit investments comprise 8.28bn soums
3 Industry news
3 GM Uzbekistan to start exporting Chevrolet Sparks to Russia in 2011
3 Crude Oil Declines for First Day in Three on Economic Concerns
4 Politics and Economics
4 Retail trade turnover in Uzbekistan exceeds 9.58 trillion soums
4 Industrial output in Uzbekistan up 8% to 15.4 trillion soums
4 Gold Weakens for Second Day After Advance to Two-Month High Spurs Selling
4 Upcoming events
5 UzSE
6 Tenders list
7 Expert’s opinion
9 Corporate announcement
10 AFS Research productline
11 AFS Research services

Crude Oil Declines for First Day in Three on Economic Concerns

Crude oil declined for the first day in three after equities fell as a slowdown in U.S. manufacturing added to concern that economic growth is faltering, curbing fuel demand.
Oil is dropping for the third week, the longest losing streak since May, as Asian stocks slipped on expectations of revisions to U.S. economic growth figures later today. A Federal Reserve Bank of Kansas City report yesterday showed manufacturing slowed in August. U.S. crude inventories climbed more than expected last week, an Aug. 25 report from the Energy Department showed.
 

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