Saudi Aramco selects U.S. firms to audit its reserves for IPO: sources
DUBAI/KHOBAR, Saudi Arabia/LONDON (Reuters) – State oil giant Saudi Aramco [IPO-ARMO.SE] has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sou…
Dow Chemical’s results, forecast benefit as economic growth boosts demand
(Reuters) – Dow Chemical Co , which is merging with DuPont , reported strong fourth-quarter results and gave an upbeat forecast for the current quarter as its focus on consumer markets benefits from improving economic growth worldwide.
Caterpillar sees ’17 profit below expectations as restructuring continues
CHICAGO (Reuters) – Caterpillar Inc , the world’s largest construction and equipment maker, forecast 2017 profit sharply below analysts’ estimates, hurt by sluggish demand in the construction and energy industries.
Barclays to make Dublin its EU headquarters after Brexit: source
LONDON (Reuters) – Barclays is preparing to make Dublin its EU headquarters for when Britain leaves the European Union, according to a source familiar with the matter on Thursday.
EU gets tougher with its members over policing carmakers
BRUSSELS (Reuters) – The European Commission issued guidance on Thursday on how EU members should be policing carmakers, a move EU officials said would likely lead to legal action against countries that fail to clamp down on cheating of diesel emission…
Volkswagen compliance chief to leave board after disagreement
FRANKFURT (Reuters) – The compliance chief brought in to help Volkswagen recover from its emissions scandal is leaving the management board at the end of this month following differences of opinion over her role, the German carmaker said on Thursday.
Ford sees lower 2017 profits, takes hit from pensions, Mexico
DETROIT (Reuters) – Ford Motor Co on Thursday reported a fourth-quarter loss, reflecting pension accounting and writedowns for abandoning a planned factory in Mexico, and reaffirmed its forecast that profits for 2017 would be lower.
Oil rises on weaker dollar, U.S. supply caps gains
LONDON (Reuters) – Oil prices were driven higher by a weakening dollar on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output.
Medical couple and butcher’s boy win big from Actelion sale
ZURICH (Reuters) – The 70-year-old son of a Swiss butcher is among the biggest beneficiaries of Johnson & Johnson’s $30 billion takeover of Actelion, Europe’s biggest biotech company.
Fiat Chrysler says to nearly halve net debt in 2017
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) plans to nearly halve net debt this year, much more than expected and boosting its shares on Thursday as it races to deliver a turnaround plan by the end of next year.
