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Tuesday, 24 July 2012 20:36 |
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State-backed Rosneft has appeared as a potential buyer of BP's 50% stake in TNK-BP - welcome news for BP shareholders Never underestimate BP's ability to mess up negotiations in Russia, but this time the oligarchs may not give the UK oil giant the runaround. State-backed Rosneft has appeared as a potential buyer of BP's 50% stake in TNK-BP, the... |
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Tuesday, 24 July 2012 20:02 |
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Rosneft is first company to announce it wants entire BP stake in TNK-BP, but other firms are thought to be considering approach The Russian state-owned oil giant Rosneft has confirmed it wants to buy BP's 50% stake in the Russian venture TNK-BP. BP revealed last month that it planned to exit the partnership with Alfa Access-Renova (AAR), controlled... |
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Tuesday, 24 July 2012 19:23 |
European Union flag and Greek flag wave in front of the Acropolis.(AFP Photo / Andreas Solaro) Greece may suffer a much deeper recession this year with the economy expected to shrink more than forecast by the crisis-hit central bank, says the country’s prime minister, Antonis Samaras. He expects the economy to shrink by 7 per cent compared to the 5... |
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Tuesday, 24 July 2012 18:15 |
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My father, George Isserlis, who has died aged 94, was a metallurgist who was appointed senior lecturer at the South Bank Polytechnic (now London South Bank University), served as president of the Institute of Metal Finishing, wrote and edited books, and was in international demand as a consultant. But his first love was music. His father was the... |
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Tuesday, 24 July 2012 15:40 |
The Anglo Irish Bank logo is pictured on a computer screen in London. ( AFP Photo / Ben Stansall ) The former Anglo Irish Bank chairman has become the third of the bank's executives to be arrested within 24 hours. Sean FitzPatrick has been taken into custody on charges related to "financial irregularities". The 64-year-old was arrested early on... |
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Tuesday, 24 July 2012 13:45 |
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Ukraine completed the investigation of the notorious criminal case against Adam Osmayev and Ilya Pyanzin, who allegedly plotted the assassination of Vladimir Putin and Ramzan Kadyrov (the Chechen President). Putin was supposed to be killed immediately after the presidential election in Russia. In Russia, the two suspects were arrested in absentia... |
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Tuesday, 24 July 2012 13:10 |
Tullow Oil company offshore oil platform off the coasts of the French overseas department of Guiana.( AFP Photo / Mark Ralston ) Russian largest drilling company Eurasia Drilling Co (EDC) has purchased two onshore drilling rigs in Iraq and considers acquiring the third one. The company purchased the rigs under contract or through a competitive... |
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Tuesday, 24 July 2012 12:08 |
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Bands speak out against imprisonment of Russian punk group members at concerts in Moscow Franz Ferdinand and Red Hot Chili Peppers voiced support for the jailed members of Pussy Riot during concerts in Moscow this weekend. The bands condemned the imprisonment of Nadezhda Tolokonnikova, Yekaterina Samutsevich and Maria Alekhina, who were arrested in... |
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Tuesday, 24 July 2012 11:12 |
( AFP Photo / Yasuyoshi Chiba ) US and UK regulators are investigating several groups of traders around the world for allegedly teaming up to rig interest rates. More than a dozen traders from at least nine banks are under investigation, the Wall Street journal writes, citing people close to the probe.
From 2005 to 2011, they allegedly profited by... |
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Tuesday, 24 July 2012 11:10 |
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I had to smile on reading an email from Cherilyn Ireton, executive director of the World Editors Forum, in the run-up to its annual get-together. She writes: "It can sometimes be hard to spot inspirational newspaper success stories amid reports of decline. But there are many... (wait for it)... From The Star in Kenya, to the publishing house of...
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