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Comprehensive measures, including both effective flaring regulation and more transparent access for independent gas producers to Russia’s gas transportation system, will be required to unlock the value of Russia’s gas associated with oil production, according to a new study which shows that reducing the flaring of gas can be a "win-win" for all.

State Street Global Markets, the investment research and trading arm of State Street Corporation released the results of the State Street Investor Confidence Index® for July 2008. Global Investor Confidence rose by 3.6 points to 82.6 from a revised June level of 79.0. Asian investors were the key drivers of this, as their risk appetite increased by 8.5 points from 74.4 to 82.9.

In June, General Motors tumbled to its lowest stock price in more than thirty years, and the Associated Press reported that an estimated ten million fewer cars will be on the roads in America by 2012.