WASHINGTON - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the U.S. central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Rosneft chief financier quits after TNK-BP deal: reports
MOSCOW (Reuters) - Dmitry Avdeyev, who has been managing finances at Russia's biggest oil producer Rosneft (ROSN.MM) since June 2012, has left the company after it completed the $55 billion acquisition of TNK-BP (TNBP.MM), local press reported on Friday.
Kommersant business daily, citing unidentified sources, tipped Svyatoslav Slavinsky, a senior banking services executive with Citigroup (C.N) in Russia, as Rosneft's new vice president for finances.
Vedomosti daily said Avdeyev, a former investment banker at Morgan Stanley (MS.N), left by "by mutual consent". A Rosneft spokesman declined to comment.
Rosneft said on Thursday it had completed the acquisition of TNK-BP from BP (BP.L) and the AAR consortium of Soviet-born tycoons, the biggest deal in Russia's corporate history.
(Reporting by Vladimir Soldatkin; Editing by Richard Pullin)
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