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Rediff.com  »  News  »   Phibro

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  • Business

Citi plans to sell energy-trading unit Phibro

 Financial major Citigroup is planning to sell its energy-trading unit Phibro, which came under flak for the huge pay package of $100 million handed over to its star trader Andrew Hall, says a media......

Marc Rich, 'King of Oil', dies at 78

 Billionaire Marc Rich, who invented oil trading and was pardoned by President Bill Clinton over tax evasion, racketeering and busting sanctions with Iran, died on Wednesday in Switzerland aged......

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