Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
REUTERS SHOWCASE
Subsidy Compensation
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Rosneft hires Morgan Stanley veterans as Sechin advisers
 |
The many faces of Sreesanth
The various emotions and reactions of Shanthakumaran Sreesanth on and off the cricket field. Slideshow
MOSCOW |
MOSCOW Nov 12 (Reuters) - Rosneft has appointed a team of Morgan Stanley veterans led by former co-president Walid Chammah as advisers to Rosneft President Igor Sechin, the Russian national oil company said on Monday.
Two top executives from Morgan Stanley's Moscow office, Rair Simonyan and Elena Titova, have also been appointed to advise Sechin, who is carrying out a series of international exploration deals and a $55 billion takeover of BP's Russian joint venture, TNK-BP.
Titova will also become president of a Rosneft-owned bank, the Russian Regional Development Bank, and Chammah and Simonyan will join its board, the statement said.
Chammah and Simonyan told Reuters in separate embargoed interviews that the advisers would develop an energy trading platform as part of a mandate to create a new financial institution out of Rosneft's scattered financial assets.
"Clearly tighter regulation (of derivatives trade) is an opportunity for a new entrant into the trading business," Chammah said.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters