Fresh blow to BP over TNK November 18, 2009 TNK-BP is likely to stay under the effective control of Russian oligarch Mikhail Fridman until 2011. The chief executive’s post at the joint venture between oil giant BP and four Russian tycoons will soon pass to Maxim Barsky, the candidate agreed by both sides several months ago. But Fridman will stay at the helm of [...]
Central bank slows rocky rouble’s rally November 17, 2009 WHILE its Bric counterparts of Brazil, India and China have been relatively unaffected by the global downturn, the Russian economy has suffered more than most. With approximately 60 per cent of its exports dependent on oil, a slump in the crude price during the second half of 2008 proved disastrous. But a recovering oil price [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 17, 2009 FINANCIAL TIMES BARCLAYS RETAIL CHIEF WARNS NEW ENTRANTSThe new head of global retail banking at Barclays has joined the backlash of traditional bankers against the entry into banking of supermarkets and other consumer companies. Antony Jenkins said the new competitors may be under-estimating the difficulties of breaking into the market. APOLLO SETS SIGHTS ON NYSE [...]
QUEEN SENT FROM RUSSIA WITH LOVE November 17, 2009 FIRST there was Bobby George; the Bobby Dazzler, the King of the Bling, the first true bastion of darting glitz and glamour. Then, there was Andy Fordham. Thirty-one stone at his peak, hair down to his backside and regular consumer of 25 bottles of Holsten Pils before going on stage. Equally adored by his public. [...]
SPORT IN BRIEF November 16, 2009 De la Hoya backs HayeBOXING: Oscar De La Hoya believes Britain’s new heavyweight champion David Haye can take the world by storm. Haye took the WBA belt after beating Russian giant Nikolai Valuev in Germany ten days ago and De La Hoya’s Golden Boy Promotions believe he can set the division alight both sides of [...]
Get your hands dirty in Sardinia November 15, 2009 THESE days, you can hardly turn on a television without seeing somebody rummaging around in hedgerows, or cooking a meal with something they have just picked or plucked from a tree. Foraging is in. The idea of wandering around the British countryside in November looking for my dinner doesn’t exactly appeal – but doing so [...]
LICENCED TO SELL November 12, 2009 THE former Midland Bank headquarters – which was the setting for the Fort Knox vault in 1964 Bond film Goldfinger – has been sold for £40m to an anonymous buyer. The building, located opposite the Bank of England, was owned by a Russian investor who wanted to convert the 291,573 sq ft bank into a [...]
Another boss to step down from TNK-BP November 11, 2009 BILLIONAIRE Mikhail Fridman yesterday said that he is likely to step down as acting chief executive of BP’s Russian joint venture TNK-BP, which will appoint a new permanent chief. The void at the helm of TNK-BP is the result of a row over strategy and control that erupted last year between BP and the four [...]
Pavlyuchenko demands exit from Spurs November 11, 2009 TOTTENHAM striker Roman Pavlyuchenko is plotting his route out of White Hart Lane after telling boss Harry Redknapp he wants to leave the club in January. The Russian is yet to start a Premier League game for Spurs this season and now fears for his place in Russia’s World Cup squad if he doesn’t play [...]
Eight indicted in card hack November 10, 2009 A US grand jury has indicted eight non-nationals on charges of hacking into a computer network used by credit card processing firm RBS WorldPay and stealing over $9m (£5.9m). The US Justice Department said yesterday that the group was accused of compromising the data encryption used by Atlanta-based RBS WorldPay, part of Royal Bank of [...]