Golola is fresh from a unanimous decision victory over Hungarian Betya Istavan while Tugume s last fight against Hungarian Sandor Szabo was also won on a majority points decision.
Hong Kong Chief Executive CY Leung, in his first policy address on Wednesday, has proposed injecting 5 billion HK dollars (645 million US dollars) into the Environment and Conservation Fund so as to support more environmental protection projects.Leung, who became Hong Kong chief executive last July,
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Oil prices dropped on Wednesday as US crude stockpiles declined less than expected.The US crude supplies slipped 338,000 barrels to 394.6 million in last week, according to the Energy Information Agency, less than half as much as projected. Gasoline inventories increased 3.02 million barrels to 220.7 million, which were forecast to fall 300,000 barrels.Oil prices decline accelerated as the US dollar advanced. The dollar rose against other major currencies after Federal Reserve Chairman Bernanke cited the risks of holding interest too low for too long. A stronger US currency made dollar-denominated oil less appeal as an investment.In the testimony before Congress on the US economic outlook, Bernanke said that monetary policy is providing significant benefits given the current economic conditions.Bernanke also indicated that possible scaling back bond purchases could happen in next few meetings depending on the economic data. This worried traders that stimulus program will end if the labor market continues to improve.On the economic front, US existing home sales for April increased 0.6 percent to an annual rate of 4.97 million units, the highest since November 2009.Light, sweet crude for July delivery lost 1.9 dollars, or 1.97 percent, to settle at 94.28 dollars a barrel on the New York Mercantile Exchange.Brent for July delivery went down 1.31 dollars, or 1.26 percent, to close at 102.6 dollars a barrel.
Naylor and his captain,
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