Strauss-Kahn joins Russian bank July 17, 2013 Dominique Strauss-Kahn, the former head of the International Monetary Fund, has joined the supervisory board of a bank owned by Russian state oil major Rosneft. He will take a seat on the supervisory board of Russian Regional Development Bank, according to a regulatory filing by the bank.
New York Report: Hopes for Syria extend S&P’s winning streak September 10, 2013 US STOCKS rose yesterday, with the S&P 500 index advancing for its longest stretch since early July, as an alternative proposal emerged that could avert a possible Western military strike on Syria. Encouraging economic data from China reinforced the view the world’s second-largest economy was stabilising and gave investors a further reason to buy. All [...]
SUPERMODELS AND SHY TYCOONS LAUNCH THE SCOTCH AND JALOUSE | City A.M. October 7, 2013 TWO PARTIES in one evening. Just a usual Thursday night out for supermodel Kate Moss, who started last Thursday evening at Arjun Waney’s Arts Club before moving on to the re-opening of The Scotch the other side of Piccadilly in St James’s. The Capitalist had been informed that the venue’s opening night would be a [...]
What the other papers say this morning – 9 August 2013 August 8, 2013 FINANCIAL TIMES Norway’s oil fund plans to turn active Norway’s $760bn (£489bn) oil fund, the world’s largest sovereign wealth fund, is stepping up its efforts to be a more active investor by appointing a corporate governance advisory board. Having quadrupled in size in the past eight years, the vehicle is seeking to play a bigger [...]
A leaner firm already looks like a better takeover target than its rebellious Russian oil subsidiary June 5, 2012 BP has been saying for years that it wants to be a smaller, leaner firm. Lopping off its occasionally combative but always lucrative Russian arm is nevertheless a radical way to streamline. TNK-BP accounted for 29 per cent of BP’s production and 16 per cent of its 2011 profits. And when its “noisy, not dysfunctional” [...]
BP sees off TNK-BP shareholder claim as it sets out new strategy December 3, 2012 MINORITY shareholders in Anglo-Russian oil firm TNK-BP are withdrawing a 100bn rouble (£2.01bn) damages suit against BP after the main stakeholders agreed last month to sell their stakes to Russia’s Rosneft. A Siberian court in July awarded the damages against the British oil major in a case brought by a group of minority shareholders in [...]
Rosneft may use TNK-BP cash and loans to fund takeover November 26, 2012 ROSNEFT may dig deeper into its pockets and raise funds from TNK-BP to help finance its $55bn (£34.3bn) takeover of the Anglo-Russian oil firm that will make it the world’s largest listed oil firm by output. Rosneft said in a Eurobond prospectus, dated 23 November, that it may use its and TNK-BP’s existing cash – [...]
Seismic firm in London listing October 31, 2012 ■ Newly-formed IG Seismic Services is the latest Russian company to seek a London float, after yesterday announcing its intention to list its global depository receipts on the main market. IGSS, which provides seismic services to Russian oil and gas companies, believes it is well-placed to capitalise on strong growth in high-technology seismic services. The [...]
What the other papers say this Morning December 11, 2012 FINANCIAL TIMES Call for cleaner succession strategies Companies must improve their succession planning and make sure they have strong candidates ready to take the helm as chief executive, or risk undermining shareholder value and damaging market performance. The Association of British Insurers (ABI), which represents some of the UK’s biggest investors, gave the warning as [...]
BP and Rosneft on brink of announcing deal October 22, 2012 BP and Rosneft are on the verge of announcing a deal worth more than $25bn (£16bn), that will see the British oil major exit troubled joint venture TNK-BP and take a stake in the Russian state-controlled energy firm, it is understood. The deal has yet to be finalised, although BP this morning confirmed this morning [...]