Russia Gets a New Richest Man

Viktor Vekselberg is now the richest man in Russia. The founder of Moscow-based Renova Group, a closely held conglomerate that controls investments in energy, construction and mining, added $1.5 billion to his net worth yesterday after OAO Rosneft, Russia’s state-controlled oil and gas operator, agreed to pay $54.8 billion to acquire TNK-BP in the third-biggest oil acquisition ever.

Is Black Friday Fading to Grey?
07:13 - Huw McKay, senior international economist at Westpac, discusses the prospects for black Friday as consumer confidence declines. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
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