EXXON SECURES ARCTIC DEAL
ExxonMobil has formed an Arctic exploration partnership with Rosneft , the Russian state oil group. The deal will give the state-controlled Russian company minority stakes in projects in the U.S. Gulf of Mexico, onshore fields in Texas and elsewhere. http://www.ft.com/cms/s/0/ffa9d962-d319-11e0-9aae-00144feab49a.html
DISPUTE OVER CONTROL OF LIBYA'S SOVEREIGN FUND
A dispute has erupted over control of Libya's ${esc.dollar}65-billion (40-billion pound) sovereign wealth fund, as the national transitional council attempts to maintain stability. http://www.ft.com/cms/s/0/12a1ac5a-d32b-11e0-9ba8-00144feab49a.html${esc.hash}axzz1WYfPbMw6
CHINA INTENSIFIES PURCHASES OF COPPER
Chinese companies and investors are stepping up their purchases of industrial commodities such as copper in a show of confidence in the global economy that stands in contrast to the turmoil in Western markets. http://www.ft.com/cms/s/0/dc1e5ef8-d320-11e0-9ba8-00144feab49a.html${esc.hash}axzz1WYfPbMw6
WATCHDOG PLANS RADICAL FUNDING AID
The European Banking Authority, Europe's top banks regulator, is drawing up options to help banks struggling to tap credit markets for medium and long-term funding, among the policy proposals being considered by the authority is a guarantee scheme for bank bonds. http://www.ft.com/cms/s/0/4906eefc-d328-11e0-9ba8-00144feab49a.html${esc.hash}axzz1WYfPbMw6
CROSSRAIL DELAY GIVES HOPE TO UK BID
The competition to supply trains for the 16 billion Crossrail programme in Britain will be run under new procurement rules - intended to shift the balance in favour of UK bidders - after a decision to delay the process in order to reduce costs. http://www.ft.com/cms/s/0/e46abc52-d2e2-11e0-9aae-00144feab49a.html${esc.hash}axzz1WYfPbMw6
CHOI FAMILY CALL OFF RAB BID
Hong Kong's billionaire Choi family has backed out of plans to acquire funds from RAB Capital , the London-based hedge fund manager. http://www.ft.com/cms/s/0/ac20a296-d2f9-11e0-9aae-00144feab49a.html${esc.hash}axzz1WYfPbMw6
MAN UTD'S SINGAPORE IPO TO BE TWO-TIER
Manchester United football club's ${esc.dollar}1 billion initial public offering in Singapore will use a two-tier share structure that will minimise the influence of outside shareholders over the US-based Glazer family. http://www.ft.com/cms/s/0/715b0b76-d31f-11e0-9ba8-00144feab49a.html${esc.hash}axzz1WYfPbMw6
(${esc.dollar}1 = 0.610 British Pounds) (Writing by Stephen Mangan)
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