Deepwater Horizon oil disaster's court hearing postponed for one week

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Source: BBC
The trial over the oil spill in the Gulf of Mexico made by BP-operated Deepwater Horizon oil rig was postponed for one week to enable parties to talk more on further settlement. The court hearing will resolve issues regarding civil penalties and damage claims. Currently, BP has paid 7.5 billion US Dollars for compensation and cleaning of the spill. The new trail will begin on 5 March.


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Mon, 27 Feb 2012 10:05:39 GMT

New Zealand's trade balance narrowed in January

The trade balance of New Zealand narrowed in January, according to Statistics New Zealand. The trade balance declined to minus 199 million New Zealand Dollars on a seasonally adjusted basis in January after hitting 388 million New Zealand Dollars in December. Experts predicted the figure to approach 167 million New Zealand Dollars.

Mon, 27 Feb 2012 09:30:36 GMT

Gold advanced ahead of ECB refinancing decision

Gold futures added to previous gains on Monday ahead of the ECB decision on long-term refinancing operation, called LTRO, aimed at boosting banks' lending. COMEX gold April contract traded at 1,779.15 US Dollars per troy ounce on the New York Mercantile Exchange, rising 0.15%.

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