US oil prices increased again

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Source: Marketwatch

Oil prices are again above USD 100 per barrel. Higher oil prices will lead to more expensive refined products - gasoline and heating oil. Prices for West Texas Intermediate crude oil were more than USD 102 barrel as traders were inspired by the news about new pipeline that will ease oil delivery.

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Fri, 18 Nov 2011 09:15:04 GMT

UBS sets ROE and cash dividend as key targets

UBS AG the biggest bank in Switzerland said it will aim to reach return on equity between 12% and 17% starting from 2013. UBS AG also is planning to pay out cash dividends of 10 centimes per share. Bank is going to pay first dividends in five years and claimed that it is going shift more towards wealth management instead of investment banking. New CEO

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

Brazil is investigating oil spill in 120km from the coast of Rio de Janeiro state. The responsibility of the spill lies on the US company Chevron. About 600 barrels of oil shaped a slick on the water. Fortunately the spill moves away from Brazilian coast as more than 17 ships clearing up the spill. In case Chevron does not fulfill its obligations to clean

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