US home sales tumbled 2.2% in December

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Source: Forexpros
New home sales in the US declined by 2.2% in December, reported US Census Bureau. The new home sales declined to 307,000 units on a seasonally adjusted basis while analysts expected the sales to rise by 2% to 320,000 units. Following the data release, the US Dollar inched lower against the Euro and the pair EUR/USD gained 0.44% to 1.3165.
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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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