Goldman Sachs applies for Saudi equities trading license: sources
DUBAI (Reuters) – Goldman Sachs has applied to Saudi Arabia’s capital markets regulator for a license to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country.
Pennsylvania pipeline fight could upend international oil flows
NEW YORK (Reuters) – Refiners from the Midwest United States are fighting for access to a vital Pennsylvania pipeline – a move that could cripple their East Coast competitors and redraw the map for international flows of crude and fuel into coveted coastal markets.
U.S. job growth slows; unemployment rate drops to 4.3 percent
WASHINGTON (Reuters) – U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 p…
Waymo working on self-driving trucks
(Reuters) – Alphabet Inc’s self-driving car unit Waymo is working on developing self-driving trucks, the company said on Thursday.
Oil slides as U.S. climate withdrawal compounds glut concerns
LONDON (Reuters) – Brent crude tumbled below $50 on Friday, heading for a second straight week of losses, on worries that U.S. President Donald Trump’s decision to abandon a climate pact could spark more crude drilling in the United States, worsening a…
World stocks set to end the week at all-time highs
LONDON (Reuters) – World stocks hit record highs, having gained 11 percent so far this year, and the dollar recovered more ground on Friday as upbeat U.S. economic data allayed concerns over growth ahead of payrolls figures due out later in the day.
How PPG lost its $29.5 billion bet on Dulux paint
LONDON/AMSTERDAM (Reuters) – In early March, U.S. paint maker PPG ‘s Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel boss Ton Buechner for lunch.
UBS to change how advisers get paid ahead of fiduciary rule deadline
NEW YORK (Reuters) – UBS Group AG is changing the way it pays U.S. financial advisers on retirement accounts and halting the sale of a small number of products before a U.S. Labor Department rule goes into effect next week, a senior UBS wealth execut…
Investors expect to meet with Exxon on climate-impact report
HOUSTON (Reuters) – Exxon Mobil Corp investors will push to meet with oil company officials this summer to hash out elements of a climate-impact analysis following a shareholder vote calling for studies of technology and climate-related risks to its b…
Exclusive: Google faces hefty EU fine in shopping case by August – sources
BRUSSELS (Reuters) – EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving the U….
