Saudi says it will offer a series of privatization agreements by March

RIYADH (Reuters) – Saudi Arabia will give international investors the opportunity to invest in a series of privatization contracts for health care and desalination over the next six months, said…

WPP stocks are falling as the ad group falls behind in the post-Sorrell era

LONDON (Reuters) – WPP (WPP.L) lost a fifth of its market value after its New York and London creative agencies were forced to cut sales and earnings forecasts, indicating the…

ScS Group closes deal with UK House of Fraser after Ashley's buyout

(Reuters) – ScS Group (SCSS.Lsaid Thursday it would no longer sell sofas and rugs in the House of Fraser Stores, and said the partnership had not been more beneficial since…

China says "hard to understand" US skipping import fair

PEKING (Reuters) – China finds it "hard to understand" why the US is not sending high-level government officials to a major import fair in Shanghai next month, the Foreign Ministry…

Saudi Arabia continues to drive three major development projects

DUBAI (Reuters) – Saudi Arabia continues to move on with three major development projects, NEOM, the Red Sea tourism project and an entertainment development that includes a Six Flags theme…

UBS targets US growth potential as the investment bank shines

ZURICH (Reuters) – UBS (Reuters)UBSG.S.) said it targets ultra-wealthy Americans as it reported a strong investment banking performance that offset the sluggishness in its wealth management business. FILE PHOTO: The…

One trillion yuan: The Chinese carmaker FAW receives a huge credit line

BEIJING, April 7 / PRNewswire / – The Chinese automaker FAW Group announced that it has signed a contract with 16 banks over a credit line of more than 1…

Oil prices stable after the stock markets fell

LONDON (Reuters) – Oil price rallied on Thursday, recovering from an early sell off after Asian and European stock markets slumped in 2011's biggest daily decline on Wall Street. Oil…

Europe is trying again after the world stocks are routed again

LONDON (Reuters) – Europe has been recovering on Thursday after the worst day on Wall Street since 2011, and heavy losses in Asia have kept global stocks on track for…

Jaguar launches Slovak plant and sees a production of 100,000 by 2020

NITRA, Slovakia (Reuters) – British carmaker Jaguar Land Rover (JLR) (TAMO.NS) expects an annual production of 100,000 cars at its plant in Slovakia by 2020, said the CEO of the…