Citi applies for capital markets license in Saudi Arabia: sources
KHOBAR/DUBAI (Reuters) – Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a major move to return to the country after a roughly thirteen year absence.
Amazon clinches deal to buy Middle East online retailer Souq.com
DUBAI (Reuters) – Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said.
EU top court upholds sanctions against Russia’s Rosneft
LUXEMBOURG (Reuters) – Europe’s top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft , in a ruling that asserts the court’s jurisdiction over the bloc’s foreign policy.
Akzo Nobel aims to soothe shareholders over PPG rejection
AMSTERDAM (Reuters) – Dutch paints maker Akzo Nobel said it will raise its financial targets and detail plans for its chemicals division next month, as it seeks to win over shareholders and avoid a takeover by U.S. rival PPG Industries .
Exclusive: China’s HNA in talks to buy controlling stake in Forbes – sources
HONG KONG (Reuters) – Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters.
Chaebol reform at forefront of South Korea presidential campaign – again
SEOUL (Reuters) – South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May’s presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal.
All aboard: American Airlines takes $200 million stake in China Southern
HONG KONG/SHANGHAI (Reuters) – China Southern Airlines Co Ltd said on Tuesday it will sell a small stake to American Airlines Group Inc in a $200 million deal that will give the carriers better access to the world’s two largest travel markets.
Dollar steadies as markets look beyond Trump’s policy stumble
LONDON (Reuters) – Stocks recovered while the dollar hovered above four-month lows on Tuesday as anxiety over Donald Trump’s setback on healthcare reform gave way to tentative hopes for the U.S. president’s planned stimulus policies.
Elon Musk’s new co could allow uploading, downloading thoughts: Wall Street Journal
(Reuters) – Tesla Inc founder and Chief Executive Elon Musk has launched a company called Neuralink Corp through which computers could merge with human brains, the Wall Street Journal reported, citing people familiar with the matter.
U.S. top court considers changing where patent cases may be filed
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday struggled over whether to upend nearly 30 years of law governing patent lawsuits that critics say allows often-baseless litigants to sue in friendly courts, giving them the upper hand over high-te…
