Andrew Gowers

Financial Times Deutschland Folds After 12 Years of Losses

Financial Times Deutschland, the unprofitable pink newspaper that was spun off from the U.K. title, was shuttered today, the latest victim of contracting circulation and advertising revenues as readers go online.

BP’s Head of Media Will Leave This Month, Financial Times Says

Andrew Gowers , BP Plc’s head of media, will leave the oil company at the end of the month, the Financial Times reported today.

BP’s Corner-Cutting Extends to Its Finances: Alice Schroeder

Once perceived as a fortress built on low leverage and strong cash flows, BP Plc seems to have managed its balance sheet much the way it ran exploration projects -- dangerously. Projections the company is feeding investors about how much cash it will have to pay claims are finally getting the skepticism they deserve.

BP May Seek to Raise $50 Billion for Oil Spill Cleanup Costs, Times Says

BP Plc is seeking to raise $50 billion to cover the cost of the oil spill in the Gulf of Mexico, the Sunday Times said, without saying where it got the information.

European Stocks Climb for Ninth Straight Day After China Relaxes Yuan Peg

European stocks rose for a ninth day, extending the longest rally in 11 months, after China’s signal that it will relax the yuan’s fixed rate to the dollar stoked confidence in the global economy.

Stocks Jump as Miners Rally on China Yuan Move; Kazakhmys, Vedanta Surge

U.K. stocks rallied to the highest level in more than a month after China signaled an end to the yuan’s fixed rate to the dollar, sparking a surge in commodity producers as metal and oil prices climbed.

BP to Pay Extra $500 Million in Annual Interest to Sell $10 Billion Bonds

BP Plc would face an extra $500 million a year in interest costs to raise $10 billion in the bond market as it seeks to ensure it has enough cash to cope with the biggest oil spill in U.S. history.

BP Nears $11 Billion Asset Sale to Apache

BP Plc may reach an agreement as soon as next week to sell assets including half its stake in Alaska’s Prudhoe Bay field to Apache Corp . for $10 billion to $11 billion, according to two people familiar with the matter.

Putin Providing BP Investor Haven as Yields Tumble on TNK-BP Dollar Bonds

The worst oil spill in U.S. history is proving a bigger risk to debt investors than Russian Prime Minister Vladimir Putin as BP Plc bonds yield more than those of its Moscow-based affiliate TNK-BP.

BP Bondholders Pocket $54 Million as Debt Rallies

BP Plc ’s $3.5 billion bond sale generated a profit of about $54 million for fixed-income investors as the energy company returned to the debt market for the first time since a rig explosion caused the largest offshore U.S. oil spill in history.

"We have no need to explain ourselves or defend our decisions."

- Andrew Gowers on Dec 06, 2012

London

China

Germany

Europe

U.S. Stocks Little Changed on Earnings From Apple, Boeing

MetroPCS Shareholders Approve T-Mobile USA Merger

Copper, Gold Rise With Europe Stocks; S&P 500 Fluctuates

Manufacturing in U.S. Cools as Durables Orders Slump

Bird Flu Strain Spreads as Taiwan Reports First H7N9 Infection