Valvoline fuels retail drive with $2.65 bln lubricants unit sale to Saudi Aramco

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Register Aug 1 (Reuters) – Valvoline Inc (VVV.N) is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco (2222.SE) for $2.65 billion in … Read more

China raises hope for emerging market debt

Zambia’s President Hakainde Hichilema addresses the 76th Session of the United Nations General Assembly at UN headquarters in New York, US on September 21, 2021. Spencer Platt/Pool via REUTERS Register now for FREE unlimited access to Register MUMBAI, Aug 1 (Reuters Breakingviews) – China’s commitment to restructure the $6 billion it is owed by … Read more

Central bank, companies clash over Turkey’s new loan rules

A logo of Turkey’s Central Bank (TCMB) is pictured at the entrance of the bank’s headquarters in Ankara, Turkey April 19, 2015. REUTERS/Umit Bektas Register now for FREE unlimited access to Register ISTANBUL, July 29 (Reuters) – A big Turkish business group and the central bank clashed on Friday over recent regulations covering loans, … Read more

Most Gulf bourses retreat on economic slowdown fears

An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. Register now for FREE unlimited access to Register July 25 (Reuters) – Major stock markets in the Gulf ended lower on Monday, as signs of an economic slowdown ahead of a US Federal Reserve policy meeting this … Read more

UAE’s Fujairah marine fuel sales down at four-month low in June

SINGAPORE, July 19 (Reuters) – Marine fuel sales at the United Arab Emirates’ Fujairah, the third largest bunkering hub in the world, fell to a four-month low in June as high bunker premiums and tight supplies capped uptake. Total bunker sales volumes were down 13% month-on-month at 647,184 cubic meters (about 619,602 tons) in June, … Read more

Oil market sees support from physical tightness

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Register Brent futures dipped below $100 last week Some physical crude bids, offers at record highs Outages, strong demand support physical … Read more

Pakistan to get $ 4 bln from friendly countries to shore up reserves – finance minister

People wait for their turn to buy low-priced bun-kabab from a shop in Karachi, Pakistan June 10, 2022. REUTERS/Akhtar Soomro Register now for FREE unlimited access to Register ISLAMABAD, July 16 (Reuters) – Pakistan is likely to get $ 4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted … Read more

EXCLUSIVE HSBC set to push back against Ping An breakup proposal -sources

A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu Register now for FREE unlimited access to Register HSBC speeding up disposal of non-core markets, assets Bank to renew commitment to deploy more capital to Asia Lender due to report results … Read more

EXCLUSIVE Barclays seeks entry into China’s $4.3 trillion asset management market -sources

The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Register HONG KONG, July 14 (Reuters) – Barclays (BARC.L) is seeking a Chinese banking partner to set up an asset management joint venture in the country, two … Read more

Israel’s Melio to integrate payments platform with Capital One Business

The logo and ticker for Capital One are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, May 21, 2018. REUTERS/Brendan McDermid Register now for FREE unlimited access to Register JERUSALEM, July 12 (Reuters) – Melio, an Israeli startup that offers payment tools for small … Read more