BP’s new boss Murray Auchincloss unveiled more share buybacks today, despite the oil giant's lower profits of $3 billion (£2.4 billion) for the final quarter of the year.
In today’s other corporate developments, UBS fell to a quarterly loss of $279 million (£222 million) amid the "first phase" of its integration of Credit Suisse.
Measures to support stability meant the Hang Seng index jumped 4.1% today but the prospect of a longer wait for interest rate cuts has dampened risk appetite elsewhere.
