BP launches search for new investors: report

LONDON/DUBAI (Reuters) – Oil major BP Plc is seeking a strategic investor to secure its independence in the face of any takeover attempts as it struggles with a devastating oil leak in the Gulf of Mexico, newspapers said on Sunday.

Dubai: A trade to ply

As it moves to shake off its debt battering, the emirate sees its future in its traditional role as a commercial hub, not a property hotspot – though risks linger

TPG, Goldman Sachs close to buying Ontex: report

LONDON (Reuters) – TPG and Goldman Sachs’s private equity wing are close to a deal to buy Europe’s largest privately owned diaper maker Ontex for more than 1.2 billion euros ($1.5 billion), the Sunday Telegraph reported.

Gulf beaches quiet as spill spreads

PENSACOLA BEACH, Florida (Reuters) – Gulf coast beaches, normally packed on Independence Day, were quiet on Sunday as workers cleaned up tar balls from BP’s leaking oil well while the company was reported to be taking steps to ward off potential takeover bids.

U.S.-Russian ties will not be harmed: Medvedev

MOSCOW (Reuters) – Attempts to derail improvements in relations between Russia and the United States will fail, Russian President Dmitry Medvedev wrote in a letter to U.S. counterpart Barack Obama amid a spy scandal.