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Prime ministers of Ukraine and Russia said on Friday that the two countries have agreed to compromise on natural gas prices.

The EU anti-pirate force has said that six suspected Somali pirates have been released after they were captured allegedly trying to flee an unsuccessful hijacking.

The BBC has reported that Cmdr. John Harbour said the Pakistani master of the Almezaan refused to testify against the prisoners. Armed security guards on the Almezaan drove off the pirates Tuesday, killing one of them.

Widow of longtime Philippine dictator Ferdinand Marcos, Imelda Marcos, has announced another run for elective office at the age of 80.

The Daily Telegraph has reported that Marcos plans to run for a seat in the lower house of Parliament, joining a field of 18,000 candidates for 287 seats. One of her goals for re-entering politics is to restore her late husband to the honor he deserves, she said.

Santos Ltd., the third largest oil and gas producer in Australia, announced today that it is planning to sell its stake in Evans Shoal in the Bonaparte Basin to Magellan Petroleum Australia Ltd. The company is reportedly selling its entire working interest in Evans Shoal for $A 200 million. Santos said that the company has taken this decision to deepen the funding pool for its liquefied natural gas project.

CS Energy, a Queensland Government owned Corporation, said today that it is planning to close the 40 year old coal fired station Swanbank B by 2012.

Swanbank B is situated at Ipswich, west of Brisbane in southern Queensland. The company said that the power station has nearly come to the end of its operating life. At the same time CS Energy also ensured that no jobs would be taken away and the workers of Swanbank B will be shifted to the other sites of the company.

Insurance Australia Group Ltd., the biggest car and home insurer in Australia, has again cut its 2010 insurance margin on rising claims form Perth's hailstorm and the cyclone in Queensland. This is the second time in this month when the insurance giant has cut its insurance margin.

Insurance Australia Group, the owner of the NRMA, SGIO and CGU brands, said today that the company has again lowered its 2010 insurance margin and now expects the insurance margin between 9.5% and 11.0%.