Nathaniel Rothschild News
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Glencore Xstrata Plc appointed former BP Plc Chief Executive Officer Tony Hayward as interim chairman after John Bond was ousted by shareholders of the world’s largest exporter of power-station coal.
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Carson Block, the short-seller who runs Muddy Waters LLC, said he’s betting against the debt of Standard Chartered Plc because of “deteriorating” loan quality, triggering a 13.5 percent jump in the cost of insuring against losses on the debt of the British lender.
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Carson Block’s bet against Standard Chartered Plc, the British lender that makes most of its profit in Asia, triggered a surge in the cost of protecting against losses on the British lender’s debt.
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European stocks declined from the highest level in almost five years as bank and airline shares retreated, overshadowing better-than-forecast retail sales data in the U.S.
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Carson Block, the short seller who runs Muddy Waters LLC, said he’s betting against the debt of Standard Chartered Bank Plc, the U.K. bank that earns most of its profit in Asia, because of the “deteriorating” quality of the loans it has made.
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Nat Rothschild, dressed in a hooded sweater, jeans and hiking boots, perches on a cowhide sofa in his relatively modest chalet-style apartment in the Swiss ski resort of Klosters.
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Bumi Plc, the coal company at the center of dispute between co-founders Nathaniel Rothschild and Indonesia’s Bakrie family, said it hasn’t uncovered a “black hole” in a probe of contractors at its largest unit.
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Bumi Plc, the coal company that has been at the center of a dispute between co-founders Nathaniel Rothschild and Indonesia’s Bakrie family, said Chief Financial Officer Scott Merrillees will resign in June.
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Nathaniel Rothschild’s bid to oust most of the board of Bumi Plc, the Indonesian coal venture he founded and is fighting to gain control of, may struggle after one of his earlier supporters said it would vote against him.
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Bumi Plc’s defeat of an attempt by co-founder Nathaniel Rothschild to take control of the board clears the way for the coal producer to proceed with a deal to split from Indonesia’s Bakrie family.
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