CNOOC sets up a fund for protecting marine environment

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Source: China.org.cn

CNOOC, China's owner of oilfield which spilled about 700 barrels of oil in Bohai Bay, will establish nonprofit fund aimed at protection of marine environment. The company donated 500 million yuan as an initial amount for the fund; in future the funds will be provided through the CNOOC's subsidies, said the company.

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Fri, 30 Dec 2011 12:21:07 GMT

Recession to return to Europe

The overwhelming majority of the economists surveyed by BBC believe the crisis will return in 2012 to Europe. Many economists saw the possibility of the Euro Zone's break-up as 30%-40%. The poll also indicated that the interest rates are likely to stay at 0.5% in the UK next year. The survey was conducted among 34 economists, regular advisers of the Bank of England.

Fri, 30 Dec 2011 09:12:17 GMT

Copper advances despite 48.7 PMI in China

Copper price increased on Friday even despite reports on low PMI in China that was 48.7 in December while reading below 50 indicates contraction. However, the metal found support in the increasing pending home sales in the US. COMEX copper for delivery in January traded at $3.373 a pound, advancing $0.075.

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