Exxon wins oil dispute with Venezuela

Note: This section contains information in English only.
Source: BBC

Exxon won the case with Venezuela's government on the compensation for nationalization of the company's crude oil project. The amount of compensation totaled $908m that is $1bn less than the Venezuelan government offered three months ago.  Exxon hopes for better court decision on the case regarding nationalization of Cerro Negro oil project.

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Mon, 02 Jan 2012 14:06:21 GMT

French new-car registrations decline by 18% last month

France's new car registrations tumbled 18% last month on a yearly basis. The decline was expected by analysts. French car manufacturers saw a 29% drop in registrations, while foreign producers faced only a 4.3% fall last month. During the 2011, new car registrations dropped 2.1% with Peugeot Citroen seeing a fall by 4.9% and Renault experiencing a decline of 9.6%.

Mon, 02 Jan 2012 16:44:39 GMT

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European leaders warned that 2012 may be a challenging year as many experts predict the recession to persist. Angela Merkel said the next year would be the 'most severe check in decades' while France's President Sarkozy claimed the recession is not finished and the President of Italy called for sacrifices needed to combat the crisis.

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