BP plans sell of assets, US Administartion watches closely
Sandra Johansen
Jul. 7, 2010

The financial strength of the British Oil company is in big question. They may face a massive debt forcing some kind of massive restructure.The British oil company is actively seeking to raise funds to shore up its balance sheet.

Obama Administartion's Department of Justice has asked BP for advance notice of any planned asset sale or any kind of deal involving significant cash transfers.

Obama administration is watching BP’s every move. The US Administration wants to make sure BP is able to compensate adequately for the oil spill, loss of life, and environment in the Gulf of Mexico.

BP plans sell of assets, US Administartion watches closely
Sandra Johansen
The financial strength of the British Oil company is in big question. They may face a massive debt forcing some kind of massive restructure.
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The current global recession is led by collapse in Chinese real estate market
Tania Harding
Harvard University professor and former chief economist of the International Monetary Fund Kenneth Rogoff says China’s property market is beginning a collapse that will hit the nation’s banking system.
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Asia, Europe, Ameircan stocks decline on global recession concerns
Peter Oberois
Double dip is what is worrying the stock markets at this stage. The yen increased against the euro and US Treasuries advanced.
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BP Gulf oil spill far worse than reported officially
Sandra Johansen
Some tar balls were found Saturday on the Bolivar Peninsula, northeast of Galveston. All Gulf states are now suffering from BP oil spill.
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President Barack Obama said that regulatory authorities are evaluating the unusual market activity on Wall Street
Sam Adelton
Obama commented on Friday's report that the economy had added 290,000 jobs last month while the unemployment rate inched up to 9.9 percent.
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Will stock crash on Friday after a massive sell off today?
Peter Oberois
Dow Jones industrials to a loss of almost 1,000 points before recovering. A computer error caused the glitch according market rumors? Was it really that or is it just of the next leg of the global meltdown triggered by national bankruptcy like Greece?
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The currency crisis is going to get worse creating global financial crisis: Commidity Guru Jim Rogers
Sam Adelton
...some more countries going bankrupt in this period of time because these imbalances still exist.
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The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months: Marc Faber
Kirt Olfson
As much as 60% of China's gross domestic product relies on construction, he said. Rogoff said in February a debt-fuelled bubble in China may trigger a regional recession within a decade.
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