Monday, June 21, 2010

Hollingsworth Daily Post



  • Stock markets and Asian currencies have risen after weekend comments by China's central bank about its yuan policy.

  • A Deepwater Horizon rig worker has told the BBC that he identified a leak in the oil rig's safety equipment weeks before the explosion.

  • Russia's state-controlled gas monopoly Gazprom has started to cut supplies to neighbour Belarus over its debt after Russian President Dmitry Medvedev ordered the reduction.

  • Norway's Acergy has announced an acquisition that will create a major new oil and gas engineering firm.

  • The company will buy out rival Subsea 7, creating a company of 12,000 employees and worth $5.4bn (£3.6bn).

  • Qatar and Kuwait are said to be lining up to invest $3.6bn (£2.4bn) in the flotation of the Agricultural Bank of China.

  • Fears are growing for the safety of several Australian mining executives whose plane has gone missing flying from Cameroon to Republic of Congo.

  • A US food innovation firmthat used to be part of chemicals giant ICI has been sold in a $1.3bn (£877m) deal.Britain is "on the road to ruin" unless action is taken in the Budget on Tuesday to cut the deficit, Chancellor George Osborne has told the BBC.


BBC Business News 21st June 2010

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