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Citgo operates three U.S. refineries that supply about 4 percent of total U.S. fuel production and is PDVSA’s largest U.S. customer for its oil exports antique silver cufflinks. Sanctions have forced Citgo and other U.S. refiners to seek crude oil supplies from other nations. Delaware-registered Citgo operates plants in Texas, Louisiana and Illinois that are capable of processing a combined 750,000 barrels per day of oil. It distributes fuel through about 5,500 independent retail stations in 29 U.S. states. Citgo, which has been owned by PDVSA for three decades, has not publicly detailed the composition of its current board since late 2017, when Asdrubal Chavez, a cousin of the late Venezuelan leader Hugo Chavez, was nominated by Maduro to run the business unit..
DUBAI (Reuters) – United Real Estate Co., a unit of Kuwait Projects Co, and Marriott International said in a joint statement on Saturday that they had agreed to open a resort near Marrakech. Marriott said in October it had signed deals with partners to increase its hotels in Africa 50 percent by 2023, opening new ones in Ghana, Kenya, Morocco, South Africa and entering the market in Mozambique antique silver cufflinks. The St. Regis Marrakech, in central Morocco, should open in 2024, the joint statement published in Kuwait said, without disclosing the cost of the development..
(This February 9 story corrects share price movement in the fourth paragraph). ZURICH (Reuters) – Credit Suisse’s investment banking operation has been scaled back enough, Chairman Urs Rohner was quoted saying in a newspaper interview, underscoring the number two Swiss bank’s commitment to the business antique silver cufflinks. Asked by Schweiz am Wochenende if the investment bank was tying up too much capital, Rohner said: “No, we see 60 billion Swiss francs ($60 billion) in risk-weighted assets as a reasonable size for our trading business. You can hardly run this business with less.”..
Like bigger rival UBS, Credit Suisse has cut investment banking to focus on wealth management, reducing the financial impact when markets turn volatile. Rohner, who said Credit Suisse’s merger advisory business made it the only European bank able to match up against U.S. rivals, also played down speculation that the bank’s low share price could make it a takeover target antique silver cufflinks. The stock fell more than a third last year, but is up 7.7 percent so far this year. “Banks operate in a very regulated environment. Hostile takeovers are almost ruled out these days,” he said..
Asked whether the bank could have foreigners as both chairman and chief executive, the Swiss manager said: “In theory yes, in practice hardly. “Our name is Credit Suisse, we have 1.5 million customers here, so it makes sense that one of the two top positions is held by someone who speaks our language and knows the country and its culture. The chairman in particular must have good contacts in Swiss politics.” antique silver cufflinks. French-Ivorian Tidjane Thiam is chief executive and Rohner said he hoped and expected this to still be the case when Rohner is due to retire in 2021..