Jim Ratcliffe, the English tycoon who’ll soon control vast chunks of North Sea oil

When oil giant BP agreed to sell its strategic Forties Pipeline System (FPS) for $250m (£200m) to privately-held energy and petrochemicals firm Ineos, the billionaire tycoon Jim Ratcliffe, who founded the independent upstart buying the iconic piece of oil and gas infrastructure, anointed himself the new King of Scotland unwittingly or not. 

Asian Shares Mixed Ahead Of US-China Summit

Asian stocks turned in a mixed performance on Tuesday, with overnight declines in oil prices and a weak lead from Wall Street weighing on markets ahead of the first meeting later this week between U.S. 

South Africa’s credit rating cut to junk status by S&P amid political instability

South African Parliament brawl: Punches thrown as EFF forcefully ejected from chamber during Jacob Zuma State of the Nation address Twitter/Terri Stander via Storyful South Africa’s foreign-currency credit rating has been downgraded to junk status by credit rating agency Standard & Poor’s (S&P), hitting the country’s government bonds and sending the rand tumbling.