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.
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Chinese Consumers Reject Hyundai, Chose Other Car Makers
52:34 - Chinese consumers turning away from Hyundai Motor Co.’s offerings in its largest market are the latest result of the problems facing South Korea’s largest automaker. Bloomberg's Sohee Kim reports on "Bloomberg Markets." (Source: Bloomberg)