Glencore International Plc adjourned a shareholder meeting called to vote on its $34 billion offer for Xstrata Plc, raising prospects the biggest publicly traded commodities supplier will increase its bid.
A private navy founded by companies led by Glencore International Plc will protect its first convoy of oil tankers and bulk carriers from Somali pirates in the Indian Ocean in late March or April, the Sunday Times reported, citing an interview with Glencore Chairman Simon Murray.
Helena Morrissey remembers her worst moment as a woman in the City, London’s financial district. It was almost 20 years ago, when she was the only female on a team with 16 male bond fund traders at Schroders Investment Management. Her young family’s breadwinner, she’d just returned from her first maternity leave and her boss passed her over for a promotion, saying he doubted her job commitment.
Glencore International AG is starting the year’s largest initial public offering, valuing the company at as much as $60 billion, as Goldman Sachs Group Inc. urges a retreat from commodities and IPO investors shun the U.K.
Sino-Forest Corp., the Chinese timber company that plunged 74 percent this year after fraud allegations, said going private is among the options under consideration as it attempts to restore its finances and reputation.