European markets jump on Fed announcement

Note: This section contains information in English only.
Source: Marketwatch
European shares rallied on Thursday as investors anticipated news that Federal Reserve will freeze borrowing costs by the end of 2014. Stoxx 600 index gained 1.1% and finished at 257.86, while German DAX index climbed 1.8% and settled at 6,539.85. UK FTSE 100 index jumped 1.3% to 5,795.20 and French CAC 40 added 1.5%, closing at 3,363.23. Greek ASE Composite rocketed 3.9% on optimism about debt talks resume. 
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Fri, 27 Jan 2012 10:45:45 GMT

BP has to cover only part of liabilities for oil spill

BP has to cover only a part of liabilities of Transocean, the owner of oil rig, for oil spill in the Gulf of Mexico in 2010, US judge announced. Under the contract terms, Transocean is shielded from paying many pollution claims; however, the company must to cover legal fees and it is not free from obligation to pay civil penalties

Fri, 27 Jan 2012 10:48:19 GMT

Samsung profit surges on smartphone sales

Samsung Electronics Co. reported its 4th quarter profit added 17% on accelerating sales of smartphone. The company posted net income of $3.6 bn compared to a $3.42 bn a year before. Sales revenue grew 13%, reaching 47.3 trillion Won. Samsung Electronics shipped more smarthphones than did Apple. The popularity of Galaxy smartphone helped company to sell around 300 million devices. 

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