Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
Investors
Wall Street falls after no move to resolve US shutdown
US stocks fell that marked an extended two weeks of losses following the partial shutdown of the US government over budget issues, said a Reuters report.
Twitter gets "buy" rating even before going public
Twitter Inc got a "buy" rating from a brokerage company even before the social media platform went public, said a Reuters report.
Starbucks founder urges fellow business to push for US shutdown to end
Starbuck Corp Chief Executive Officer Howard Schultz had urged fellow business leaders to push US political leaders to end the US partial shutdown, said a Reuters report.
World Bank to cut reorganization budget
On Monday, World Bank’s Chief Financial Officer said that the bank had planned to cut USD400 million from its budget as a part of a sweeping reorganization.
Latest News
Vodacom Group, MTN Group and Telkom would have their respective fortunes change because of the latest regulatory guidelines issued in South Africa.
Xylem appointed H Balasubramaniam as the company's managing director for its India operations. Xylem Inc was born as a spin off from ITT Corp. Xylem is a water technology company and it announced the appointment of General Electric executive H.
DukeNet serves as the gateway to the Southeast United States, thus an acquisition of this magnitude was an easy choice to make.
The dismissal, which is a win for telephone companies, upheld the FCC mandated rules on fees charging and infrastructure use.
Riveron Consulting has hired business development and leadership expert Tony Martorano. Tony Martorano, the business development and leadereship veteran, was recently engaged by Riveron Consulting's Chicago as its new director of business development.
LG Display said on Monday it would be launching a flexible display for smartphones. On Monday, LG Display chief technology officer Sang Deog Yeo confirmed in a statement that it would be presenting its first curved screen for smartphones.
Aerospace manufacturing and energy-focused product and service provider Curtiss-Wright Corp announced that it had closed its acquisition of Arens Controls, LLC, a vehicle control and power management solutions company.
OpenGate Capital, LLC got support from Backbone Capital Advisors, a financial advisory services firm, to follow through the completion of its buyout of PennySaver USA.
The fund, projected to be between USD500 million and USD750 million, was closed by the firm at USD812 million worth of capital commitments.
