Saudi’s SABIC to sell steel unit Hadeed to PIF for $3.3 billion

[ad_1] DUBAI, Sept 3 (Reuters) – Saudi Basic Industries Corp (2010.SE) said on Sunday it had agreed to sell subsidiary Saudi Iron and Steel Company (Hadeed) to the Public Investment…

Australia’s Orora confirms talks to buy French glass bottles maker Saverglass

[ad_1] Wine bottle samples stand on a table as a worker checks the production line at a Saverglass’ plant in Ras Al Khaimah March 31, 2014. REUTERS/Martin Dokoupil/File Photo Acquire…

Covestro investors press company to enter talks with ADNOC

[ad_1] The logo of German chemicals maker Covestro is pictured outside its headquarters in Leverkusen, Germany, July 26, 2019. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing Rights FRANKFURT, Aug 24 (Reuters) –…

Colombian conglomerate Grupo Aval, subsidiary settle charges of violating US law

[ad_1] The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo WASHINGTON, Aug 10 (Reuters)…

Wall St set to rise after strong jobs data; eyes on services sector survey

[ad_1] GameStop drops on $1 bln share sale plan Tesla jumps after posting record deliveries Small-cap Russell 2000 set to open sharply higher Futures up: Dow 0.74%, S&P 0.57%, Nasdaq…

Germany’s Covestro rejects takeover proposal from ADNOC

[ad_1] FRANKFURT, June 22 (Reuters) – German plastics and chemicals maker Covestro AG (1COV.DE) has rejected an initial takeover proposal from Abu Dhabi National Oil Co (ADNOC), saying the offer…

China refiners stoke petrochemical glut in market-share war

[ad_1] [1/2]A worker drives a forklift past sacks of polyester-making chemicals, waiting to be shipped, at Hengli Petrochemical’s new refining, petrochemical complex at Changxing island in Dalian, Liaoning province, China…

Saudi Aramco role in private investment drive guided by business not state, says CEO

[ad_1] Crown prince announced Shareek programme on Tuesday Initiative to act as ‘catalyst’ for investment, says CEO Nasser says Aramco playing voluntary role Too early say impact on Aramco’s dividend,…

Most Gulf markets in red as Fed seen hiking rates

[ad_1] May 1 (Reuters) – Most stock markets in the Gulf ended lower on Monday, weighed down by expectations the Federal Reserve will increase interest rates, although the Qatari bourse…

G7 ministers set big new targets for solar and wind capacity

[ad_1] SAPPORO, Japan, April 16 (Reuters) – The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed…