There are 350 millions shares of BP, of which around 40% are owned by financial institutions. Goldman Sachs sold 4.7 of it’s approximate 10.7 million shares on March 31st.
Political turmoil sees the resignation of prime ministers in Nepal, Germany and Japan.
Nepalese prime minister Madhav Kumar Nepal was to step down on May 29, one day after parliament’s term expired. He will not step down immediately.
German President Horst Koehler abruptly resigned May 30 allegedly under pressure from opposition parties to explain his comments on Germany military actions abroad. The comments made on May 22 can be read here. His comments linked the need for military action abroad to support economic interests at home, as well as the need to prevent regional instabilities.
Japanese Prime Minister Yukio Hatoyama resigned June 1. He said that he had not kept his campaign promise to move a U.S. Marine base off the southern island of Okinawa. Hatoyama was a veteran politician. His career started in 1986 with an election to the House of Representatives.