Total sets venture with Chesapeake

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

Total SA and Chesapeake Energy Corp set a joint venture aimed at generating energy from shale deposits in Ohio. Total SA will have 25% stake and already paid $700 million up front. The company will have to pay another $1.63 billion over the next seven years to cover the capital spending in setting the joint venture.

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Tue, 03 Jan 2012 10:17:31 GMT

Germany is likely to let the Euro die

The Euro Zone, experiencing severe financial difficulties, has nobody to apply for help as China shows unwillingness to provide credits to the EU, India combats with consequences of last bubble and the US faces severe unemployment. Germany will not be able to stimulate the IMF any longer and it will be forced either to sacrifice itself by accepting debt union and inflation to rescue the

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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