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Russia's Rosneft beefs up with TNK-BP purchase

MOSCOW/LONDON - Rosneft tightened its grip on Russia's oil industry on Monday with a $55 billion deal to buy TNK-BP that also makes Britain's BP a one-fifth shareholder in the state-controlled company.

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Exclusive - Morgan Stanley private wealth executive departs

- Palmer Murray, a veteran Morgan Stanley broker and former L.A.-based executive director of private wealth management, has left the firm to join an independent advisory firm in Beverly Hills.

9:45pm BST

Chile central banker sees fewer monetary policy options

SANTIAGO - The range of "reasonable" monetary policy actions available in Chile appears more limited and the key lending rate is at a level considered neural, central banker Enrique Marshall said in a presentation on Monday.

10:42pm BST

PSA finance arm may need state help in days - paper

PARIS - Troubled French automaker PSA Peugeot Citroen may need state backing for its car loans arm as soon as this week because publication of the group's quarterly sales on Wednesday may trigger debt rating downgrades, Les Echos newspaper reported.

8:32pm BST

Mexico regulators back rule on foreign-owned banks

MEXICO CITY - Mexican financial authorities on Monday backed a new rule that cracks down on the ability of foreign banks to siphon funds from their Mexican subsidiaries to shore up capital shortfalls back home.

9:15pm BST
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