Rio Tinto Group executive Joanne Farrell has decided to retire after nearly 32 years with Rio Tinto and will leave the company at the end of September 2019. Joanne joined Rio Tinto in 1987 and has worked in a variety of roles across human resources, health, safety, communities and environment, […]
Notable French billionaire and businessman of the Bernard Arnault’s family and his LVMH luxury goods group said they will donate 200 million euros ($226 million) to help repair Paris’ Notre-Dame cathedral. A statement issued issued on behalf of Arnault said: “The Arnault family and the LVMH group would like to […]
The Supreme Court of the Netherlands has ruled in favor of Chevron Corporation, rejecting the Republic of Ecuador’s attempts to annul decisions of an international arbitral tribunal. Chevron had approached the tribunal in The Hague that ordered Ecuador to take all steps necessary to prevent enforcement of a $9.5 billion […]
Credit Suisse said it has reached an agreement with Founder Securities Co. Ltd. to increase its shareholding in its Credit Suisse Founder Securities Limited joint venture. The transaction is subject to regulatory approvals. This confirmation follows disclosure by Founder Securities to the Shanghai Stock Exchange earlier today. The company disclosed […]
Japan Display Inc., said it has entered into an alliance with Suwa Investment Holdings, LLC and TPK Holding Co., Ltd., to give control and ownership of the company to the Chinese-Taiwanese consortium. The struggling mobile phone display maker for Apple will receive cash injections of up to 80 billion yen […]
Chevron Corporation has announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding of the company. Chevron said in a statement that the transaction is a stock and cash transaction valued at $33 billion, or $65 per share. Based on […]
Africa’s largest miner, Anglo American plc has announced the retirement of Norman Mbazima after 18 years. Mr Mbazima will step down as Deputy Chairman of Anglo American South Africa on 30 June 2019. Mark Cutifani, Chief Executive of Anglo American, said: “Norman Mbazima has made an exceptional contribution to Anglo […]
Reports from Reuters News says London police has arrested WikiLeaks founder Julian Assange at the Ecuadorean embassy on a court warrant dating back to 2012. In a statement Thursday, police said Assange has been taken into “custody at a central London police station where he will remain, before being presented […]
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, said it has signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset. The company said in a statement that the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd […]
Global energy trader, Glencore said it has won contracts worth around $520 million to supply 4.94 million tonnes of coal to Mexico. Mexico’s state-run power utility company, the Federal Electricity Commission (CFE) disclosed this on Tuesday. The utility said in a statement that by offering the best price, Glencore won […]