[ad_1] RIYADH/DUBAI (Reuters) – Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp (SABIC) from Saudi Arabia’s sovereign wealth fund for $69.1 billion, in a deal which the world’s
Saudi Aramco agrees to buy PIF’s stake in SABIC for $69.1 billion
[ad_1] RIYADH/DUBAI (Reuters) – Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp (SABIC) from Saudi Arabia’s sovereign wealth fund for $69.1 billion, in a deal which the world’s
U.S. authority probes Swedbank over money laundering allegations; HQ searched
[ad_1] STOCKHOLM (Reuters) – Swedish authorities searched the head office of Swedbank on Wednesday as part of an investigation into the bank’s handling of money laundering allegations at its Baltic branches. Swedbank’s headquarters are pictured
China’s ZTE Corp lost $1 billion in 2018, despite last quarter rebound
[ad_1] FILE PHOTO: People walk next to ZTE booth at the Mobile World Congress in Barcelona, Spain February 25, 2019. REUTERS/Rafael Marchante/File Photo HONG KONG (Reuters) – China’s ZTE Corp made a net profit of
Ford to exit Russian car market, cede control in joint venture
[ad_1] MOSCOW (Reuters) – Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450
EBRD sees profits halve amid Turkey woes
[ad_1] The headquarter of the European Bank for Reconstruction and Development (EBRD) is seen in London, Britain, November 22, Britain 2016. REUTERS/Stefan Wermuth LONDON (Reuters) – The European Bank for Reconstruction and Development saw its
World shares slip and bond yields fall, all eyes on central banks
[ad_1] LONDON (Reuters) – Global equity markets nudged down on Wednesday as investors hoped central bank action in the world’s biggest economies could temper some of the slowdown in global growth, despite bond yields still
Wells Fargo’s corporate bank struggles to regain footing
[ad_1] NEW YORK (Reuters) – Wells Fargo & Co’s corporate bank has a revenue problem. FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo
Sports Direct considers 61.4 million pounds bid for Debenhams
[ad_1] FILE PHOTO: A new Debenhams department store is seen in a shopping centre in Watford, Britain, September 24, 2018. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – Sports Direct, the British sportswear firm controlled by Mike
ECB can delay rate hike again if needed: Draghi
[ad_1] Mario Draghi, President of the European Central Bank (ECB) delivers his speech at the conference “The ECB and its watchers” in Frankfurt, Germany, March 27, 2019. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – The European Central