Saudi to seek foreign non-oil investors as crude slumps
RIYADH (Reuters) – Saudi Arabia aims to at least double annual inflows of foreign direct investment (FDI) over the next 10 years by focusing on new sectors such as mining, health care and information technology, the head of its investment agency said o…
Saudi Aramco chairman says IPO could be open to international markets: Arabiya TV
DUBAI (Reuters) – An initial public offering of Saudi Aramco, the world’s biggest oil company, could be on the local or international markets but would not include Saudi energy reserves, the company’s chairman told Saudi-owned al-Arabiya television.
Global insurers plot cautious course to Iran
SYDNEY/LONDON (Reuters) – Global insurance firms are circling Iran for business opportunities following the lifting of sanctions – and the first test of their appetite could come in March when some Iranian companies seek new cover.
Iran transport minister says will discuss Airbus aircraft purchase next week
TEHRAN (Reuters) – Iran plans to buy 114 aircraft in the next one or two months and its requirements could increase to more than 500 aircraft in the medium term, or about three years, as its aviation sector emerges from isolation, parliament member Mah…
Ex-drug CEO Shkreli asks U.S.court to consider blocking subpoena
NEW YORK (Reuters) – Lawyers for former pharmaceuticals executive Martin Shkreli have asked a U.S. federal judge for guidance on a demand by lawmakers that Shkreli appear at a hearing on Tuesday, writing that if travel restrictions on him are not lifte…
Desperate in Davos: policymakers struggle for answers
DAVOS, Switzerland (Reuters) – Angela Merkel was missing from Davos this year, but the German leader’s optimistic mantra “we can do this” echoed through the snowy resort in the Swiss Alps.
Google to pay $185 million UK back taxes, critics want more
LONDON (Reuters) – Google has agreed to pay 130 million pounds ($185 million) in back taxes to Britain, prompting criticism from opposition lawmakers and campaigners who said the “derisory” figure smacked of a “sweetheart deal”.
IMF’s Lagarde says markets need clarity on China currency
DAVOS, Switzerland (Reuters) – Financial markets need more clarity on how Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday.
Bank of Japan’s Kuroda says Japan inflation expectations ‘somewhat weak’
DAVOS, Switzerland (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Saturday he would scrutinize various factors, including the effect of global market turbulence on Japan’s inflation expectations, in deciding whether additional monetary easi…
Iran oil minister says proposed OPEC emergency meeting may hurt market
DUBAI (Reuters) – Iran’s oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices.
