Hungary may need one more bailout

Source: BBC

Hungary plans to sign agreement with IMF in the beginning of 2012, announced the Economy Ministry of the country. Hungary already received bailout package in 2008 but did not renew agreement in 2010. Hungary did not yet pass a formal request for bailout package, reported the EU. Situation in Hungary essentially deteriorated; its currency forint is the ever-low against euro and Hungary's cost of borrowing surged.

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Fri, 18 Nov 2011 14:56:38 GMT

Hibbett Sports Inc. is not affected by crisis

Hibbett Sports Inc. sport-goods retailer stated that its net income rose by 27% for the Q3 totaling $16 million despite economic recession in the developed economies. Estimates show that the company's sales are going to achieve $185.2 in the end of the period. Full-year per share profit is assessed as $2 a share.

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

Brazil is investigating oil spill in 120km from the coast of Rio de Janeiro state. The responsibility of the spill lies on the US company Chevron. About 600 barrels of oil shaped a slick on the water. Fortunately the spill moves away from Brazilian coast as more than 17 ships clearing up the spill. In case Chevron does not fulfill its obligations to clean

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