Business

DUBAI (Reuters) – Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) – Blackstone Group Inc (BX.N) is taking a majority stake in MagicLab, the parent company of dating app “Bumble” and

U.S. President Donald Trump faces reporters as he departs for travel to Tupelo, Mississippi from the South Lawn of the White House in Washington, U.S., November 1, 2019. REUTERS/Tom Brenner WASHINGTON (Reuters) – President Donald Trump on Friday told reporters he has not agreed to roll back tariffs on China but that Beijing would like

TOKYO/SYDNEY (Reuters) – Asian stocks retreated from six-month highs on Friday on uncertainty over whether and when the United States and China will seal a deal marking a truce in their trade war that has slowed economic growth and roiled markets. FILE PHOTO: A woman points to an electronic board showing stock prices at the

FILE PHOTO: T-Mobile CEO John Legere speaks about his company’s merger with Sprint during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 30, 2018. REUTERS/Brendan McDermid WASHINGTON (Reuters) – T-Mobile US (TMUS.O) Chief Executive John Legere on Thursday acknowledged talks with Sprint Corp

SEOUL (Reuters) – Oil prices trod water on Thursday after losses in the previous session, as traders were cautious amid concerns over a potential delay in sealing a long-awaited interim U.S.-China trade deal and a huge increase of U.S. crude stockpiles. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019.

(Reuters) – Former United Auto Workers vice president Joseph Ashton was charged in U.S. District Court in Detroit Wednesday with conspiracy to commit money laundering and wire fraud, the latest person named in a wide-ranging corruption probe into the union. FILE PHOTO: United Auto Workers Region 9 Director Joe Ashton makes a point to the

SEOUL (Reuters) – Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight sessions on expectations of an easing of in U.S.-China trade tensions. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019. REUTERS/Nick Oxford Brent crude futures LCOc1 were

DUBAI/RIYADH (Reuters) – The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on Dec. 11, three sources familiar with the matter said, but restrictions on future share sales mean an international IPO is ruled out for at least a year. FILE PHOTO: A view shows branded oil tanks

TOKYO (Reuters) – Oil prices steadied on Tuesday as investors kept an eye on U.S. inventory data due later, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann Brent

(Reuters) – Technology stocks pushed Wall Street’s three main indexes to record highs on Monday, as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 31, 2019. REUTERS/Brendan McDermid Washington

FILE PHOTO: U.S. Commerce Secretary Wilbur Ross in Athens, Greece September 5, 2019. REUTERS/Costas Baltas BANGKOK (Reuters) – The administration of U.S. President Donald Trump is “fully committed” to Asia, his commerce secretary said on Monday at a regional forum attended by a U.S. delegation smaller than previous years. U.S. Commerce Secretary Wilbur Ross spoke

DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing as the kingdom seeks to diversify its economy away from oil. But in its long-awaited announcement, Aramco, the

DETROIT (Reuters) – The president of the United Auto Workers union, who has been linked here to an ongoing corruption probe by U.S. federal officials, has taken a leave of absence, the union said on Saturday in a statement. FILE PHOTO: United Auto Workers President Gary Jones, who will take an indefinite leave of absence,

(Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s inability to deploy the conglomerate’s cash. FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat

FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage (Reuters) – California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E’s other creditors in Sacramento next week