The Irish Stock Exchange (ISE) has admitted the first ever Global Depositary Note (GDN) to a European exchange market.

Seven of 10 oil workers missing in the Gulf of Mexico were found alive, according to Mexico’s state oil company, three days after evacuating their disabled rig in a tropical storm and escaping in an enclosed life raft.

Hurricane Karl is closing in on the Mexican coast.

Mexican oil production has fallen 10% and exports have dropped 18% so far this year, the state-run oil company announced, blaming the drops on storms including Hurricane Ike.

A week of heavy rains unleashed massive flooding in south-eastern Mexico, killing at least one person and forcing tens of thousands to flee the rising waters for shelters in Tabasco and Chiapas states.

At least 18 oil workers were killed when a drilling rig hit an oil platform in stormy weather, spilling gas and oil into the Gulf of Mexico, the state-owned oil company said.

Hurricane Stan knocked down trees, ripped roofs off homes and washed out bridges in south-eastern Mexico – but the storms it helped spawn proved far more destructive, killing more than 65 people in Central America.

HURRICANE Emily was gathering strength in the Gulf of Mexico yesterday as it took aim at north-eastern Mexico and south Texas, a day after ripping roofs off resort hotels and stranding thousands of tourists in the Yucatan Peninsula.

Hurricane Emily stranded thousands of tourists along Mexico’s luxurious Mayan Riviera and left hundreds of local residents homeless yesterday, forcing many to remain in crowded, leaky shelters.

A massive evacuation of tourists in one of the world’s biggest resorts was set to begin today, as hundreds of buses were dispatched to move tens of thousands out of the path of Hurricane Emily.

The price of crude broke through the $54 barrier today, following speculation fuelled by a pipeline explosion in Mexico.