Barack Obama and Indian PM discuss new Indian nuclear regulation

Source: BBC
© Scanpix/AFP

At Association of Southeast Asian Nations summit Barack Obama and Indian PM discussed the prospects of further cooperation and Indian nuclear liability law. US consider new law too strict as it envisages operator of nuclear plant has a full legal responsibility in case of accident and US companies suppose the compensation sum may be enormous. New regulation makes US energy companies less competitive with French and Russian rivals in the Indian market. During the discussion Indian PM expressed readiness to ease the new regulation.

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Fri, 18 Nov 2011 09:21:29 GMT

Dollar declines in Asian trading

 Greenback declined against euro in Asia trading as global economic situation remains uncertain thus pushing investors' confidence down. The dollar index went down to 78.143 from 78.298. Australian dollar also suffers losses going below the US dollar first time since October as risk acceptance fell on the European woes.

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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