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What does the choice of new boss tell us about the future of OPEC?

I was both sad and happy when I heard yesterday that Haitham Al-Ghais has been appointed the next secretary general of the Organization of Petroleum Exporting Countries. The sadness is due to the departure of the current secretary general, Mohammed Barkindo, who will step down in July after six good years in the post. During that time he was the respected face of OPEC, with

Transcripts For CNBC Worldwide Exchange 20091021

i m christine tan. lg electronics q3 profits jump 50% as the worl s number three mobile phonemaker saw strong demand for its production. i m ross westgate. here in europe, deutsche bank fell despite estimates. and i m brian shactman here in the states a new report slams a treasury s handling of the t.a.r.p. just as the government takes steps to end parts of the program. legal low. you re watching cnbc s worldwide exchange. global equities, the ftse cnbc global 300 at the moment just up three points. european stock markets an hour into the trading day. the ftse 100 rebounded. currently up about 0.3% at the moment. but it s neither here nor there. the big focus will be bank of england minutes due out in a half an hour. sterling has rallied and hit a one-month high against the greenback. currently at 1.6485. maybe a bit of short covering. elsewhere, dollar/yen, in the range where we have been for this week between 90 and 91. euro/dollar, 1.4956. and a similar story for e

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