Oil giant BP has warned that millions of dollars of "fictitious" compensation claims for the 2010 Gulf of Mexico oil spill are putting the company at risk.
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Markets plunge as US rating reduced
Monday 18 April 2011
World markets plunged today after a key ratings agency shocked traders with a downgrade to its outlook for US government debt.
Emerging market inflation stokes overheating fears
Saturday 16 April 2011
Four interest rate rises in China and eight in India since the start of last year have failed to tame inflation in their fast-developing economies, alarming new data showed yesterday.
Hamish McRae: Catching up with the world's newfinancial order
Friday 15 April 2011
Economic Life: You don't have to have followed the debate about the US budget deficit to be aware that something radical is happening to the status of the dollar
Lloyd's profits slump on disasters
Wednesday 30 March 2011
Insurance market Lloyd's of London saw profits almost halve last year after a string of natural disasters sent claims soaring.
Margareta Pagano: A good Budget – but is Osborne missing a trick?
Sunday 27 March 2011
Everyone seems to agree that while this was a boring Budget, it is one which will turn out to be a bonanza for business. It was certainly a good Budget for George Osborne personally, and, if the glowing headlines are to be believed, his passage from pariah to putative prime minister is now complete.
Emergency G7 meeting called as yen hits record high
Friday 18 March 2011
At the worst possible moment for Japan's economy, the yen has surged to all-time highs against the US dollar and other currencies, making life for its hard-pressed exporters, already battling with disruptions to supply chains and power, even more difficult.
Julian Assange slams extradition ruling
Thursday 24 February 2011
WikiLeaks founder Julian Assange today criticised the European arrest warrant system after a judge ruled he should be extradited to Sweden to face sex offence charges.
BP plans to sell several UK assets
Tuesday 22 February 2011
Oil giant BP today revealed plans to sell several assets in the UK, including the biggest onshore oil field in Western Europe.
BP in deal with major Indian firm
Monday 21 February 2011
BP is set to become a key player in the Indian oil and gas market after signing a 7.2 billion US dollar (£4.5 billion) deal with one of the country's biggest companies.
Boom times in China take economy past Japan
Tuesday 15 February 2011
China has overtaken Japan to rank indisputably as the world's second largest economy, behind the US, a landmark moment in the return of the Middle Kingdom to global economic pre-eminence, the position it occupied until the 16th century. It is now the world's largest producer of shoes, cars, televisions, gold, coal and much else.
Copper nearing $10,000 a tonne
Wednesday 02 February 2011
Copper hit a record high yesterday, nearing $10,000 a tonne on data suggesting the global recovery is picking up speed as well as supply concerns and a weaker US dollar.
BP bosses set to unveil annual loss
Monday 31 January 2011
Bosses at BP will unveil the oil giant's first annual loss in nearly two decades tomorrow following a disastrous year for the blue-chip company.
Market Report: Aggreko gains as bulls eye 'powerful potential'
Thursday 27 January 2011
Aggreko shot up to pole position as the blue chips shrugged off the weakness in the UK economy to stage a comeback last night.
Find your feet in foreign exchange and commodities
Wednesday 26 January 2011
Joe McGrath helps you take the plunge from spread betting into deeper waters
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'He was lucky he didn't die' - George Michael fell out of speeding car onto M1 motorway, according to eye witness
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Gay couple beaten in park urge MPs to moderate language on gay marriage
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After woman sells virginity for $780,000, here are the results of our prostitution survey
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Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
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'It was just like the movie Twister': Man survives Oklahoma tornado by taking refuge in horse stall
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