Ecuador wants Chevron to pay $18.2bn damages

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Source: BBC

Ecuador's court supports the claim that Chevron has to pay $18.2bn instead of $8.6bn previously agreed as compensation for Amazon oil pollution. The company denies accusations. Initially, Texaco was charged for dumping toxic waste in Ecuadorean Amazon but in 2011 Chevron took over Texaco.

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Wed, 04 Jan 2012 17:23:24 GMT

Germany sold 4.1B euros of 10-year bonds

The Germany's government sold about 4.1 billion euros of debt during today's auction. The Bundesbank got the bids amounting 5.14 billion euros; bids surpassed the supply 1.3 times. The yield on the bonds declined to 1.93% from 1.98% in November, reported the Bundesbank.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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