Hints and tips:
...ConocoPhillips boss Ryan Lance isn’t too perturbed, however, as he shells out $13.3bn to create the world’s largest independent oil and gas producer....
...The companies were named as Abdul Azim Trading, Savina Maritime, South Seas Maritime and Miami Exports Group....
...His conclusion was that anyone looking for the owner, for example, of a snazzy boat of mine, would see only that it was owned by a shell Delaware company called Stuffed Parrot Inc....
...That included $350m in above-normal profit from its trading unit, one of the industry’s most active....
...Shell’s case, which also related to transfer pricing, is likely to affect more than two dozen other international businesses hit by similar tax claims, including HSBC and AT&T, according to Dinesh Kanabar...
...Earnings also came in above estimates as the company lifted the profit margins in its PC and printing businesses, although margins shrank in the enterprise computing division....
...Results from Shell were the most disappointing Thursday, as its profit dropped almost a third to $4.5bn....
...chief scientist and who now runs Oxford university’s Smith School of Enterprise and the Environment....
...Only the most powerful state-owned enterprises are able to get regulatory permission to do so....
...Glencore International underperformed a flat London market amid concerns that results next week may disappoint....
...Shell and Chevron are expected to follow suit. Other new operators are joining the fray....
...He added: “Many of our international clients now operate in the city and we want to service their growing needs for treasury services as well other products....
...As soon as it caught, he turned to walk away. “Boom! That’s when it happened.” The huge shell had detonated inside its mortar tube....
...With western rivals shell-shocked, Japanese banks have sniffed a once-in-a-generation opportunity to grab market share and remould the international financial landscape to their advantage....
...The staff on Shell’s trading floors, he says, are unlikely to regard the tools of their trade – the network, the computers and the resilience of the overall system – as mere commodities: “They view all that...
...Now the focus could shift to trying to sell as much of the business as possible and trying to unwind its trading positions....
...Pub operator Enterprise Inns closed at its lowest level in 18 months Thursday as investors bailed out ahead of a trading update, due later this month....
...However, Dawson International, the cashmere group that supplies Prada and Gucci, slumped 13 per cent to 5.87p as takeover talks ended without agreement....
...Several leading companies also moved ex-dividend, included heavyweight Royal Dutch Shell, again mooted as a possible bidder for BG Group....
...Trading volumes were weak at 2.6bn. With crude oil prices firming, mid-cap oil stocks also performed strongly....
...The reputations of both Shell and Citigroup are under fire - the former over its reserves scandal, the latter over its controversial bond trading....
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