January 28, 2019

Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank

State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in […]
January 28, 2019

New dam disaster puts Vale CEO, deals and dividends under scrutiny

When Fabio Schvartsman took the reins of Vale SA in 2017, he suggested a motto for the world’s largest iron miner, turning the page on a […]
January 28, 2019

Asian stocks advance after U.S. government reopens for now

Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had taken […]
January 28, 2019

Excluding Huawei could hurt 5G network development: China envoy to EU

China’s envoy to the European Union warned that excluding Chinese tech group Huawei could hamper new 5G mobile networks, the Financial Times on Sunday. Powered by […]
January 28, 2019

China’s Dec. industrial profits shrink again on weak demand, trade headwinds

Earnings at China’s industrial firms shrank for a second straight month in December on slowing prices and sluggish factory activity, piling more pressure on an economy […]
January 28, 2019

Saudi Aramco to pay $1.6 billion for stake in South Korea’s Hyundai Oilbank

State-owned Saudi Aramco plans to buy a stake of up to 19.9 percent of South Korean refiner Hyundai Oilbank from Hyundai Heavy Industries Holdings, for 1.8 […]
January 28, 2019

U.S. lifts sanctions on Rusal, other firms linked to Russia’s Deripaska

U.S. President Donald Trump’s administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, defying a Democratic-led push […]
January 28, 2019

Rusal chairman resigns as part of deal to lift U.S. sanctions; shares jump 5 percent

Aluminum giant Rusal said on Monday Jean-Pierre Thomas had resigned as chairman and director of the company as a pre-requisite for a decision by the United […]
January 28, 2019

Asian stocks rise after U.S. government reopens for now

Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken […]
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