PAN PYLAS The Associated Press LONDON - The financial crisis has raised questions about the solvency of Britain's banks that may lead the Bank of England to buy up assets from them within "weeks, not months," the central bank's governor, Mervyn King, said Tuesday. In the text of a speech to be delivered in Nottingham, England, King said the scale of the risks financial institutions indulged in over the past decade has become "painfully apparent" and that questions about the "adequacy of liquidity have turned into questions about solvency." Concerns about the future of Britain's banks have...
BP in $363 mln sale of Malaysian assets
MSNBC
MSNBC
LONDON — Britain's BP PLC said Wednesday it is selling its interests in Malaysian ethelyne and polyethelene production to the country's national oil company for $363 million. BP holds a 15 percent interest in...


