Factbox: Saudi sovereign fund’s strategy in focus
Saudi Arabia’s Public Investment Fund (PIF) has pursued eye-catching investments abroad over the past several years, part of reform plans to diversify the economy beyond...
Saudi Arabia’s hometown ambitions could clip wealth fund’s wings
Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its...
Shell, Exxon Mobil eye re-entry into Somalia’s upstream sector
Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this...
Nissan ex-chief Ghosn to hold press conference in Tokyo at 1200 GMT: source
Nissan ex-Chairman Carlos Ghosn will hold a press conference in Tokyo at 9 p.m. (1200 GMT) (0800 EDT) on Friday, according to a person familiar...
U.S. dominates second-quarter global M&A as mega deals roll on
Mega deals set the pace for mergers and acquisitions (M&A) globally in the second quarter of 2019, as large U.S. companies defied trade row jitters...
California regulator considers penalty against PG&E in 2017 wildfires
California utilities regulator has opened a case to evaluate and consider penalties against power and gas utility PG&E Corp for its involvement in the fierce...
U.S. urges Cambodia to probe China-owned economic zone on tariff dodging
The United States on Friday urged Cambodia to investigate a Chinese-owned special economic zone after uncovering efforts by firms operating there to evade duties on...
Japan PM Abe calls for strong G20 message on free trade
Japanese Prime Minister Shinzo Abe on Friday urged leaders from the Group of 20 major economies to deliver a strong message to support “free, fair...
Trump talks trade at G20, China’s Xi warns against protectionism
U.S. President Donald Trump made clear on Friday that trade was a top priority at a summit of leaders of Group of 20 nations, as...
Bids to destroy WTO or lower its role counter-productive: Putin
Attempts to lower the role of the World Trade Organisation (WTO) or to destroy it are counter-productive, Russian President Vladimir Putin said on Friday....