Rosneft listing set to go ahead

Russian oil firm Yukos has failed in its attempt to stop Russian state energy firm Rosneft from listing on the London Stock Exchange on Wednesday.
A British judge rejected an application from Yukos to prevent its rival from starting to trade.
Yukos has opposed the flotation on the grounds that it is tantamount to selling stolen property.
Rosneft hopes the listing - Russia's biggest and the world's fifth largest - will raise $10.4bn (£5.65bn).
'Act of state'
The decision by Rosneft to enter the London market has been surrounded by controversy.
The court action by Yukos stems from what happened to Yugansk, Rosneft's main producing subsidiary and a firm which had formerly been central to Yukos.
Rosneft - which performs oil and gas exploration and production activities in Siberia and southern Russia - acquired Yugansk in 2004 after it was taken from Yukos and auctioned off to settle a disputed unpaid tax bill.
Yukos has argued that the firm was effectively seized.
"Proceeds of crime legislation should be used to prevent rogue regimes from acting in criminal or unlawful ways," Clare Montgomery, a lawyer for Yukos, said in the High Court on Monday.
Rosneft argued that the seizure was "an act of state", therefore the UK's Proceeds of Crime Act, which aims to stop stolen property from being sold on and prevent money laundering, was not applicable.
This view was also held by the Financial Services Authority (FSA).
When the FSA decided last week it would not postpone the listing, Yukos made its application for a judicial review.
Rosneft chief executive Sergei Bogdanchikov has announced that three large oil firms are the main investors in the flotation - with Britain's BP buying $1bn worth of stock, Malaysia's Petronas buying $1.1bn and China's CNPC buying $500m.