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Stories for March 12th 2015

• Thursday, March 12th 2015 - 11:45 UTC

  Everyone is guessing when it comes to oil prices

  

  Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

• Thursday, March 12th 2015 - 09:20 UTC

  HMS Dragon calls at Cape Town's naval base for mid-deployment break

  

  There is a permanent reminder of the Royal Navy's HMS Dragon’s first visit to South Africa as the destroyer upheld a 90-year-old tradition. A large painting of the ship’s badge, featuring her namesake mythical beast, adorns the wall of the cavernous dry dock where the Portsmouth-based warship spent her mid-deployment break, receiving some TLC after a four-month battering from the Pacific and Atlantic.

• Thursday, March 12th 2015 - 01:11 UTC

  Bank of England contrary to further cut interest rates to combat low inflation

  

  Bank of England governor Mark Carney said it would be “extremely foolish” for the Bank of England to cut interest rates to try to combat low inflation. He reiterated comments made in February that the drop in prices was temporary and largely caused by the sharp fall in oil prices.

• Thursday, March 12th 2015 - 00:53 UTC

  HSBC top officers insist on staying; blame lower staff and the media and accept MPs criticisms

  

  HSBC executives have been accused by MPs of incompetence for saying they were unaware of tax evasion activities in their Swiss private bank. However Chris Meares, the ex-head of HSBC's private banking division, said he didn't know what staff “were up to”.

• Thursday, March 12th 2015 - 00:12 UTC

  Greece demands reparations from Germany for Nazi occupation crimes, loan and destruction

  

  The Greek government has threatened to seize German property as compensation for a Nazi atrocity in World War Two. Justice Minister Nikos Paraskevopoulos said he was ready to approve a Supreme Court ruling from 2000 backing payment to relatives of the 218 victims.