Alex Beard, deputy director of Tate and a man with a strong business background, will head the Royal Opera House in London, replacing Tony Hall. He takes over one of the world’s top opera and ballet companies.
The Swedish billionaire who took control of the world’s fourth-largest oil trader last week buying out his Russian co-founder may soon look for a new partner. He says the ownership is too concentrated.
Glencore Xstrata Plc, the global commodities trading and mining group, agreed to buy Caracal Energy Inc. for about $1.35 billion to take control of oil and gas assets in the central African nation of Chad.
Exports of liquefied natural gas are contracting for a second year, diminishing the number of available cargoes at a time when companies from Vitol Group to Glencore Xstrata Plc are expanding their trading teams.
Oil rose in New York after home prices in 20 U.S. cities dropped at a slower pace in February, bolstering optimism that economic expansion will accelerate in the world’s biggest crude-consuming country.
Ivan Glasenberg, chief executive officer and largest shareholder of Glencore International Plc, will reap a higher dividend of $173 million for 2012, even after the commodities trader reported a drop in profit.