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.

What’s Next For Policy in Japan?
40:00 - The yen strengthened past 115 per dollar for the first time in more than a year and Japan’s benchmark 10-year yield fell in an unprecedented decline below zero as haven assets benefited from concern that global growth is fading. Bloomberg’s Brian Fowler and BNP Paribas Senior Investment Strategist Daniel Morris joined “On the Move” hosts Jonathan Ferro and Guy Johnson to discuss.
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