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 trillion won ($1.61 billion), driving up shares of the parent 6.6 percent.
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 in the U.S. Congress to maintain the restrictions.
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 States to lift sanctions on the company.
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 investor sentiment.
Qantas customers request exercise bikes, virtual reality for 20-hour flights
Australia’s Qantas Airways Ltd on Monday said customers were requesting in-flight innovations such as exercise bikes and virtual reality relaxation to pass the time on proposed 20-hour non-stop flights from Sydney to London.
Saudi Aramco plans to buy stake in South Korea’s Hyundai Oilbank for $1.6 billion
Saudi Aramco, Saudi Arabia’s state-owned oil giant, plans to buy up to 19.9 percent of South Korean refiner Hyundai Oilbank for 1.8 trillion won ($1.61 billion) from Hyundai Heavy Industries Holdings .
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 investor sentiment.
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.
Macron says concerned about conditions of Ghosn’s detention in Japan
French President Emmanuel Macron said on Sunday he has expressed concern to Japanese Prime Minister Shinzo Abe over the prison conditions faced by former Renault boss Carlos Ghosn.
Tesco may cut thousands of fresh food counter jobs: report
Tesco , Britain’s biggest supermarket chain, may cut thousands of jobs by closing in-store meat, fish and delicatessen counters and by replacing staff canteens with vending machines, the Mail on Sunday newspaper reported, citing industry sources.
