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Venezuela’s self-proclaimed president Juan Guaido is setting up bank accounts with U.S. help that would take income accrued by Citgo, Venezuela’s top foreign asset, to finance an interim government. Maduro has denounced Guaido as a U.S. puppet who is seeking to foment a coup. The board of Houston-based Citgo includes at least two U.S. citizens, Art Klein and Rick Esser, as well as Venezuelans Asdrubal Chavez, Frank Gygax, Nepmar Escalona, Simon Suarez and Alejandro Escarra, according to one of the people familiar with the matter.
PDVSA and Citgo did not respond to requests for comment, Esser and Klein did not immediately reply to emails and phone calls seeking comment on their status, It was unclear if PDVSA’s board has already approved the changes at Citgo’s board and who would replace the American cufflinks and studs how to put on executives, Citgo also has an executive board that includes the refiner’s general managers, its corporate treasurer and the controller, and other vice presidents, Esser was among a team of Citgo executives who met with U.S, officials last month in Washington amid efforts by Guaido and the U.S, government to appoint a new Citgo board of directors..
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. 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 cufflinks and studs how to put on increase its hotels in Africa 50 percent by 2023, opening new ones in Ghana, Kenya, Morocco, South Africa and entering the market in Mozambique, 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. 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 cufflinks and studs how to put on to match up against U.S, rivals, also played down speculation that the bank’s low share price could make it a takeover target, 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.”. 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.
SAN FRANCISCO (Reuters) - When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit, The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said, Some 150 employees out of a team of about 230 were let go in January at the Las Vegas facility that gets tens of thousands of Model 3s into the cufflinks and studs how to put on hands of U.S, and Canadian buyers, they said, in a sign the company expected the pace of deliveries to significantly slow in the near term..