Business & Finance News
Demand for Saudi Aramco’s inaugural international bond, which will be issued this week, is higher than $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday.
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.
A consortium led by French utility Engie has won a bid for Petrobras’ TAG pipeline arm with an $8.6 billion offer, in a deal that boosts Engie’s presence in a fast-growing sector and will help Petrobras cut its debts.
Demand for Saudi Aramco’s inaugural international bond is expected to exceed $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday.
Sports Direct said on Monday it had offered to underwrite a 150 million pound ($196 million) rights issue at Debenhams in exchange for its boss Mike Ashley taking the top job at the ailing retailer.
Asian shares briefly brushed seven-month peaks on Monday as investors cheered a rebound in U.S. payrolls and hints of more stimulus in China, but caution soon surfaced ahead of what is likely to be a tough U.S. earnings season.
Honda has decided to end car production in Turkey following completion of the production of its current Civic Sedan model in 2021, the company said in a statement on Monday.
Korean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday just weeks after shareholders ended his 27-year tenure on the board of the country’s biggest carrier due to perceived leadership failings.
Asian shares briefly brushed seven-month peaks on Monday as investors cheered a rebound in U.S. payrolls and hints of more stimulus in China, but caution soon surfaced ahead of what is likely to be a tough U.S. earnings season.
Nissan Motor Co shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, formally severing his ties with the Japanese automaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.
Prospective bidders of struggling Jet Airways Ltd need to settle the airline’s existing debt as part of any deal to buy a stake in the carrier, its consortium of lenders led by State Bank of India (SBI) said in a statement on Monday.
Grab expects to raise another $2 billion from strategic investors this year, the CEO of Southeast Asia’s biggest ride-hailing firm said, just weeks after it announced funding of over $4.5 billion in the region’s largest private financing round.
U.S buyout firm Carlyle Group has agreed to buy a 30 to 40 percent stake in Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as much as $4.8 billion.
The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of the biofuel.
U.S buyout firm Carlyle Group has agreed to buy a 30 to 40 percent stake in Spanish energy company Cepsa from Muabdala based on an enterprise value of $12 billion, the Abu Dhabi wealth fund said on Monday.
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