Business & Finance News
Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as chairman of state oil giant Aramco, replacing Energy Minister Khalid al-Falih, Bloomberg reported on Monday, citing an unnamed Saudi official.
Argentina’s international dollar and euro-denominated bonds fell to record lows on Monday and the official peso diverged from the black market after President Mauricio Macri imposed capital controls on Sunday as the country’s debt crisis spirals.
Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as the chairman of state oil giant Aramco, replacing Energy Minister Khalid al-Falih, Bloomberg reported on Monday, citing an unnamed Saudi official.
When Rupert Murdoch’s Fox Corp launches the FOX Bet sports betting platform on Monday, it will do what no other major media company has done in North America: become the face of a sports gambling platform.
Ryanair flights to and from Britain were running as scheduled as some of its British-based pilots began a three-day strike which the airline said it did not expect to disrupt any travel on Monday.
The top Dutch tax politician has denied meeting representatives of Uber Technologies, in answer to questions from parliament about why the company has been allowed to claim a provisional $6.1 billion tax write-off in the Netherlands.
China has lodged a case against the United States with the World Trade Organization (WTO) over U.S. import duties, the Chinese commerce ministry said on Monday.
Deutsche Bank’s chief executive Christian Sewing will spend 15% of his monthly net salary buying the German lender’s shares starting in September, a regulatory filing showed on Monday.
Global markets remained subdued on Monday after the United States and China imposed new tariffs on each other, while the spotlight returned to emerging-market risk as Argentina imposed capital controls.
Volkswagen will not be excluded from public sector contracts in the United States following its emissions scandal but will install a second U.S. monitor at its German headquarters, a spokesman for the carmaker said on Monday.
Argentina’s international dollar bonds hit record lows on Monday while its financial stocks tumbled and risk premia shot up after President Mauricio Macri reimposed capital controls on Sunday as the country’s debt crisis spirals.
The bitter trade war between China and the United States kept global factory activity largely in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.
China aims to slash its growing dependence on gas imports by boosting domestic projects like shale fields as the security of its energy supply comes under the spotlight amid a festering trade war with the United States.
Some Chinese business sectors reported solid first half earnings, though a substantial fall in industrial profits and in tepid overseas investment inflows into China’s stock markets show fallout from the protracted trade war with the United States.
Global stocks dipped on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth, with no clear end in sight for the trade war.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
