Financial and Banking News
Kuwait Pledges to Limit Involvement in HP
The State of Kuwait has entered into a Deed of Covenant by which it legallybinds itself to abide by various undertakings designed to limit itsinvolvement in British Petroleum (BP). The Kuwait Investment Office (KIO)currently holds a 21.68% interest in BP, the "public interest"implications of which are under investigation by Britain's Monopolies andMergers Commission (MMC). The...