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The latest news on: Miners, Currencies, Oil & Gold, Bovis

BP has defended a rise in Tony Hayward’’s pay package to £4m as “balanced
and fair”, despite a 45pc fall in profits.

The chief executive of a new £1bn North Sea oil company has defended its “very
attractive asset base”, formed from fields spun off by Petrofac and
Lundin.

The latest news on: Bank, FTSE, Aviva, Greece

The latest news on: Asia, Greece, euro, Whitbread

A group of “ethical” investors has formed to challenge BP and
Shell’s decisions to spend money on developing the so-called oil sands.

The latest news on: Gold, Greece, ITV, Taylor Wimpey

John Wood Group is planning to spend up to $200m (£134m) on buying oil
services companies this year, despite falling profitability.

For many economic commentators, the Greek crisis poses the challenge of
uncharted territory. But for a few of us Greece is all too familiar: where
Greece now treads, Africa has already been.

The latest news on: Australia, Oil, Sterling, Allied Irish