Texas lawmakers clear way for Uber, Lyft return to major cities
AUSTIN, Texas (Reuters) – Texas governor Greg Abbott will sign in the next few days a bill that would shield ride-hailing firms Uber and Lyft from bruising battles over fingerprint background checks that led them to leave some of the state’s most impor…
With new sheriff in town, South Korea big businesses duck for cover
SEOUL (Reuters) – A South Korean retail giant has shelved controversial expansion plans, while a large bank made hundreds of contract jobs permanent after President Moon Jae-in took office vowing to reform the family-run conglomerates that dominate the…
U.S., Saudi firms sign tens of billions of dollars of deals as Trump visits
RIYADH (Reuters) – U.S. and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by U.S. President Donald Trump, as Riyadh seeks help to develop its economy beyond oil.
Blackstone, Saudi’s PIF plan $40 billion infrastructure investment fund
RIYADH (Reuters) – U.S. private equity firm Blackstone and Saudi Arabia’s main sovereign wealth fund said on Saturday they planned to create a $40 billion vehicle to invest in infrastructure projects, mainly in the United States.
Softbank-Saudi tech fund becomes world’s biggest with $93 billion of capital
RIYADH (Reuters) – The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence …
Audi says resolves dispute with dealers in China
BEIJING (Reuters) – Audi , a unit of Volkswagen , said on Saturday it had struck a deal with its dealers in China, effectively resolving a dispute that could have disrupted the luxury carmaker’s business in the world’s biggest auto market.
GE announces $15 billion of business deals with Saudi Arabia
RIYADH (Reuters) – U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom’s drive to diversify its economy beyond oil.
BMW to hike R&D spend to cope with CO2, e-mobility: CFO in paper
FRANKFURT (Reuters) – BMW expects its research and development budget, when measured as a percentage of sales, to rise in 2018, its CFO told a German paper.
U.S. regulators open probe into recall of nearly 1.7 million Hyundai, Kia models
WASHINGTON/SEOUL (Reuters) – U.S. safety regulators have opened a formal investigation into the recall of nearly 1.7 million vehicles by Hyundai Motor Co and affiliate Kia Motor Corp over engine defects, according to filings published Saturday.
Softer dollar may be stock silver lining amid Washington drama
NEW YORK (Reuters) – With S&P 500 companies set to notch their strongest quarterly earnings growth in about six years, a weaker U.S. dollar may help keep the profit momentum rolling and support share prices in the weeks to come.
