Saudi Arabia was set to sign deals worth $50 billion on Tuesday at the opening of an investment conference despite being overshadowed by the killing of journalist Jamal Khashoggi which prompted a boycott by Western politicians, top world bankers and company executives.
SoftBank Group Corp Chief Executive Masayoshi Son, whose $93 billion Vision Fund drew nearly half its money from Saudi Arabia, canceled a speaking engagement at the kingdom’s investment conference this week, a person close to the matter told Reuters.
SoftBank Group Corp Chief Executive Masayoshi Son has cancelled a speaking engagement at the Future Investment Initiative conference in Saudi Arabia, said a source close to the matter.
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Oil giant Saudi Aramco will sign 15 deals worth more than $30 billion, said Saudi state-owned TV Ekhbariya.
U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.
Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday.
An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure.
U.S. car manufacturer Ford will stop car production in its plant in Almussafes in eastern Spain for nine days during November due to a lower demand for its vehicles, a spokesman said on Tuesday.
U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it is acquiring all outstanding shares of Japanese cosmetics firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion).
South Korea’s Lotte Group, whose chairman was released from jail this month, has reset a five-year investment plan just two years after its initial announcement, saying it now aims to spend 50 trillion won ($44.05 billion) through 2023.
Tesla Inc Chief Executive Elon Musk said Twitter had locked his account thinking it had been hacked.
Asian shares slumped on Tuesday as a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to fresh worries about trade wars whacked sentiment across the region.
Philip Morris International Inc released cheaper versions of its IQOS “heat not burn” products in Japan on Tuesday as it tries to revive sales and ward off competition from other alternatives to conventional cigarettes.
UBS allows all its staff to travel “freely in and out” of China and it is business as usual there, the Swiss bank said, after local authorities last week asked one of its bankers to delay her departure from Beijing to meet with officials.
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