Daily Archives: Oct 21, 2012

A police officer walks past a plaque of the oil firm TNK-BP©Reuters

BP’s board has approved a $27bn deal with the Russian state oil company Rosneft to sell its stake in TNK-BP which should seal the UK energy group’s future in Russia for decades to come.

The deal means BP will swap its troublesome partnership with a group of Russian oligarchs for an alliance with arguably Russia’s most powerful company – the Kremlin-backed national energy champion.

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This week we have results from technology and consumer companies; monetary policy decisions from Colombia and Mexico; and the World Bank’s Doing Business report is released.
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