Billionaires Said to Drop Bid for BP Stake

BP Plc’s billionaire partners dropped a planned offer to buy the other half of TNK-BP, their Russian oil venture, after state-run OAO Rosneft dominated the bidding, said a person with knowledge of the decision.

Is Brexit Aftermath Pointing Towards U.K. Recession?
05:27 - Euro-area economic confidence unexpectedly improved in July in a sign that the immediate impact on growth of Britain’s surprise vote to leave the European Union may be muted. An index of business and consumer confidence rose to 104.6 in July from 104.4 the previous month, the European Commission in Brussels said on Thursday. Economists in a Bloomberg survey predicted a decline to 103.5. HSBC Global Chief Economist Janet Henry discusses with Bloomberg's Mark Barton on "The Pulse."
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