GREECE: ‘ EUROZONE TO EXTEND THE BAIL-OUT FOR EXTRA 4-MONTHS AS LONG AS REFORM LIST GIVEN TO CREDITORS ‘

#AceFinanceNews – GREECE:Feb.20: Greece and eurozone finance ministers have struck a deal to extend the Greek bailout by another four months with Greece given till Monday to present a list of reform measures for the creditors to review.

It’s done! For four months,” one of the officials told AFP right after the meeting in Brussels came to an end. An hour later, the Eurogroup issued a statement confirming the deal.

"The Greek authorities will present a first list of reform measures, based on the current arrangement, by the end of Monday February 23," the statement said.

"The institutions will provide a first view whether this is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review. This list will be further specified and then agreed with the institutions by the end of April."

Source:

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USA: ‘ JUDGE REJECTS APPEAL OVER REDUCTION OF FINE IMPOSED FOR 2010 GULF OF MEXICO OIL SPILL ‘

#AceFinanceNews – USA:Feb.20: A U.S. judge on Thursday rejected BP Plc’s attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill.

Thus, leaving it potentially liable to pay $13.7 billion under the federal Clean Water Act Reuters reported.

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TOKYO: ‘ OIL MARKETS EDGE UP OVER EXPECTATIONS OF DROP IN US OIL RIG COUNT ‘

#AceFinanceNews – USA: Oil markets edged up on Friday to halt a two-day drop, helped by expectations that data later in the day would show a continued decline in the U.S. oil rig count, a clear sign of the pressure the tumble in crude has put on crude producers Reuters (Tokyo) reported.

A weekly survey by Baker Hughes last week showed the U.S.

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PUERTO RICO: ‘ MOODY’S DOWNGRADES $48 BILLION JUNK RATED BONDS ‘

#AceFinanceNews – PUERTO RICO: FEB.20: Moody’s Investors Service on Thursday followed Standard & Poor’s lead by downgrading $48 billion worth of Puerto Rico’s bonds, already rated as “junk,” and warning that the U.S. commonwealth might default on its debt within the next two years.

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