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Oligarch hatches plan to buy TNK-BP stake - FT

LONDON - Mikhail Fridman, the Russian billionaire, has been meeting institutional investors in London to canvas support for his plan to buy half of BP's stake in TNK-BP , the Financial Times reported on Thursday.

Recent Business News

China June export orders weakest since 2009 - HSBC Flash PMI

BEIJING - China's factory sector contracted for an eighth straight month in June, with export orders and prices turning in their weakest showing since early 2009, a private-sector survey showed on Thursday.

4:10am BST

Asian Shares struggle, commodities down as Fed disappoints

SINGAPORE - Asian stocks outside Japan slipped and commodities fell broadly on Thursday after the Federal Reserve ramped up monetary stimulus by expanding "Operation Twist" but disappointed some investors who had been hoping for more aggressive measures.

FXpert, G20, Japan 4:16am BST

Coca-Cola to distribute high-protein milk drink in U.S.

- Coca-Cola Co has signed a deal with Fair Oaks Farms Brands to distribute the Core Power range of high-protein energy drinks in the United States, as the soft drink giant moves into the dairy products market.

4:05am BST

KPN fails to find buyer for German unit E-Plus

AMSTERDAM - Dutch telecom KPN's attempt to sell its German unit E-Plus to Spain's Telefonica - a move intended to ward off an unsolicited approach by Carlos Slim - has fallen through, just days before the Mexican tycoon's tender offer closes.

Spain 3:48am BST
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