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British energy giant BP has agreed to settle USA federal and state claims amounting to Dollars 18.7 billion over the 2010 Gulf of Mexico oil spill.

Meanwhile, the China Association for Public Companies urged shareholders and company executives “to buy back, increase their shares and other measures to stabilise the companies’ share price”.

The typhoon is forecast to move northwest at a speed of 10 km per hour, and will probably hit the coast of the two provinces Wednesday night, the National Meteorological Centre (NMC) said. Linfa came ashore on Sunday morning, Philippines time, in the northern part of Luzon with...

It cut its global growth forecast to 3.3 per cent for 2015 – that’s 0.2 percentage points lower than it predicted in April, although the figure is expected to rise to 3.8 per cent next year. The strong dollar has fomented trouble for many emerging-market economies and...

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing an investor flight to safety for USA Treasuries is pushing average fixed mortgage rates lower and helping to keep buyer activity strong toward the close of the spring homebuying season.

Germany’s exports grew unexpectedly in May, taking the trade surplus to a record high, data from Destatis revealed Thursday. The imports were also on the rise and increased 0.4 percent to 79.3 billion euros with a trade surplus of 22.8 billion euros.

Meteorological authorities forecast Linfa will move toward the coastal area between Guangdong and Fujian provinces.

U.S. initial unemployment claims rose to 297,000 in the week ending 4 July, an increase of 15,000 from the previous week’s revised level, the U.S. Department of Labor said today.

It’s the first time since April that it’s traded below US$50 while it has now fallen nearly 25% since peaking near US$66 a tonne less than a month ago. “The slump in equities reflects a lack of confidence in China’s economy, which damps the demand outlook...

Beauty products maker Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol, Covergirl and Max Factor. The deal includes its global salon professional hair care and color, retail hair color, cosmetics, select hair styling brands, and fine...

Those figures are down from the IMF’s April projections for 0.9 percent growth this year and 2 percent next year in Latin America.

As for the Mozilla Firefox features, the company said it will enhance every feature it deems to be “functional, and a joy to use”, while eliminating codes they don’t expect to ideal in the near future.

Yet the prospect of an imminent breakthrough was nearly immediately quashed by Greece’s main creditors, including economic powerhouse Germany, even as Washington continued to press for both sides to reach a compromise.

After years of climbing stock prices that have attracted 90 mn individual investors and increased investment from major investors, the government is concerned plummeting stock prices will further retard the country’s already slowing economic growth rate. The authorities...

REMEDY: Ford will notify owners, and dealers will update the instrument panel software, free of charge.