Halliburton vanished evidence of Gulf of Mexico spill

Note: This section contains information in English only.
Source: BBC
© Scanpix/AP

BP, oil giant, has accused Halliburton, the world's second largest oilfield services corporation, in destroying the evidence of the last year oil spill in the Gulf of Mexico where 11 people died. Two companies participate in legal battles before an official court hearing on damages in 2012. Former partners are looking for the highest pre-trial advantages, reported Steve Kingstone from BBC.

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Tue, 06 Dec 2011 09:35:42 GMT

Bank of Japan faces surge in US dollar demand

Demand for one week Japan's US dollar loans have rocketed 25 times as six central banks reduced greenback borrowing costs, reported Bank of Japan (BOJ). Japanese central bank announced it has approved all the offers for one-week dollar loans amounting to $25 m, and will demand fixed rate at 0.6%. To compare, on November 29 BOJ provided same maturity dollar loans at 1.08% totalling $1m.

Tue, 06 Dec 2011 08:50:04 GMT

Australian growth rate is likely to slow

The pace of Australian growth is expected to decline in Q3 as compared to Q2. Analysts claimed the decrease was caused by a drop in public sector spending, inventories and net exports; however, investments in business and consumption are projected to remain strong. The expected growth rate is 0.8% on a quarterly basis while on a yearly basis the economic performance of the country is likely to have

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