Bloomberg Tata Steel Ltd., part of India’s biggest conglomerate, agreed to sell its European long-products steel business to Greybull Capital LLP and started the formal sales process to exit the wider U.K. steel industry. The agreement covers its Scunthorpe steelworks in England, as well as mills in Teesside and northern France, according to a statement from the Indian company’s U.K. …

Bloomberg Rosneft OJSC became Russia’s most valuable company as its market capitalization exceeded that of natural gas exporter Gazprom PJSC for the first time since its shares began trading in 2006. Rosneft shares rose 4.8 percent in London by 12:02 p.m., boosting the value of Russia’s largest oil producer to $52 billion. Gazprom gained 0.3 percent, raising its market capitalization …

Bloomberg Britain’s antitrust watchdog urged the European Union to block CK Hutchison Holdings Ltd.’s plan to create the country’s biggest mobile phone operator, wading into a row two months ahead of a U.K. vote on its future in Europe. The U.K. Competition and Markets Authority, which failed to wrest the deal review from the European Commission, said that what Hutchison …