On Thursday, Shares of Citigroup Inc. (NYSE:C), gained 1.72% to $53.71.
Citi was named “Best Global Bank” for 2015 by Euromoney, the preeminent global financial markets magazine, at its annual Awards for Excellence dinner in London.
The top award of the evening was one of 13 won by Citi, which also comprised of the Best Global Emerging Market Investment Bank.
Euromoney said, “Citi is a much-changed, smaller, more focused institution. But it still has a truly global presence, in both consumer and wholesale banking, which competitors will struggle ever to replicate. Citi’s administration has taken many of the necessary steps to ensure that a global universal banking model works. Our belief is that its clients, and its shareholders, will increasingly see the benefits of its unique global franchise.”
Citi also won a number of regional awards, counting Best Investment Bank in Africa, Best Investment Bank in Central and Eastern Europe and Best Investment Bank in Latin America.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT), declined -1.78% to $28.63, during its last trading session, hitting its lowest level.
Potash Corporation of Saskatchewan, acknowledged the statement issued recently by K+S Aktiengesellschaft (K+S) (SDF:GR).
PotashCorp believes the projected transaction would combine two best-in-class companies with minimal overlap to create a global producer in the nutrient industry for the long-term benefit of investors, customers, employees and the communities where both companies operate. The company affirmed that its proposal is not predicated on closing mines, curtailing production, selling the salt business or cutting jobs.
PotashCorp has put forward a compelling proposal to negotiate a transaction that it believes balances the interests of investors and other stakeholders, counting the employees and communities in which the companies operate. It is encouraged by K+S’ response since many of the matters raised have already been addressed in previous correspondence or can be addressed if K+S were to agree to meet with company representatives.
Potash Corporation of Saskatchewan Inc., together with its auxiliaries, produces and sells fertilizers and related industrial and feed products worldwide. The company operates in three segments: Potash, Nitrogen, and Phosphate. It mines and produces potash, which is primarily used as fertilizer.
Finally, Oceaneering International, Inc. (NYSE:OII), ended its last trade with -0.13% loss, and closed at $44.75.
Oceaneering International, declared the appointment of Steve Barrett as Senior Vice President, Subsea Products, with worldwide responsibility for Oceaneering’s Subsea Products segment.
Mr. Barrett started his career in the oil and gas industry in 1980. In 1982 he joined FMC Technologies, Inc., where he progressed from Design Engineer to his most recent role as Global Subsea Services Director. Steve holds a B.S. in Mechanical Engineering from Texas A&M University and an M.B.A., Finance and Entrepreneurship, from Rice University.
Oceaneering International, Inc. provides engineered services and products primarily to the offshore oil and gas industry worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drilling support in the oil and gas industry; and subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair services.
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