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Osborne hails 'momentous progress' in UK-China links

George Osborne hailed the "momentous progress" in links between the UK and China as he set out his ambitions for the City of London to be the major offshore hub for trade in the Chinese currency.

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BP lands multi-billion deal with China

BP will sign a deal worth around £11.8 billion ($20 billion) with China to supply its National Offshore Oil Corporation (CNOOC) with liquefied natural gas, Chief Executive Bob Dudley said.

"It is a 20-year supply agreement on LNG. It is a fair price for them and a fair price for us. It is a good bridge between the UK and China in terms of trade," Mr Dudley said.

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