Friday, 29 June 2012

Friday 29th

European leaders agree to closer long-term union
BRUSSELS (AP) – After tough all-night bargaining, European leaders appeared to salvage what had seemed to be a summit teetering toward failure by agreeing early Friday to funnel money directly to struggling banks, and in the longer term to form a tighter union.

The South China Sea Oil Card
Over the weekend, the China National Offshore Oil Company (CNOOC) quietly announced that nine new blocks in the South China Sea were now open to foreign oil companies for exploration and development.

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