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Boeing signs defense, commercial deals with Saudi Arabia

May 21, 2017 by  

DUBAI (Reuters) – Boeing Co has signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft, the company said on Sunday during a visit by U.S. President Donald Trump to the kingdom.


Source: Reuters Business News

Buffett's Berkshire Hathaway set for growth through 2018: Barron's

May 21, 2017 by  

(Reuters) – Shares of Berkshire Hathaway , the conglomerate run by billionaire Warren Buffett, could see double digit gains over the next year and a half even if the legendary chairman and chief executive decides to retire, a report in Barron’s financial newspaper said.


Source: Reuters Business News

Texas lawmakers clear way for Uber, Lyft return to major cities

May 21, 2017 by  

AUSTIN, Texas (Reuters) – Texas governor Greg Abbott will sign in the next few days a bill that would shield ride-hailing firms Uber and Lyft from bruising battles over fingerprint background checks that led them to leave some of the state’s most important markets.


Source: Reuters Business News

GE announces $15 billion of business deals with Saudi Arabia

May 20, 2017 by  

RIYADH (Reuters) – U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom’s drive to diversify its economy beyond oil.


Source: Reuters Business News

U.S., Saudi firms sign tens of billions of dollars of deals as Trump visits

May 20, 2017 by  

RIYADH (Reuters) – U.S. and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by U.S. President Donald Trump, as Riyadh seeks help to develop its economy beyond oil.


Source: Reuters Business News

Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

May 20, 2017 by  

RIYADH (Reuters) – The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics.


Source: Reuters Business News

Blackstone, Saudi's PIF plan $40 billion infrastructure investment fund

May 20, 2017 by  

RIYADH (Reuters) – U.S. private equity firm Blackstone and Saudi Arabia’s main sovereign wealth fund said on Saturday they planned to create a $40 billion vehicle to invest in infrastructure projects, mainly in the United States.


Source: Reuters Business News

U.S. regulators open probe into recall of nearly 1.7 million Hyundai, Kia models

May 20, 2017 by  

WASHINGTON/SEOUL (Reuters) – U.S. safety regulators have opened a formal investigation into the recall of nearly 1.7 million vehicles by Hyundai Motor Co and affiliate Kia Motor Corp over engine defects, according to filings published Saturday.


Source: Reuters Business News

Audi says resolves dispute with dealers in China

May 20, 2017 by  

BEIJING (Reuters) – Audi , a unit of Volkswagen , said on Saturday it had struck a deal with its dealers in China, effectively resolving a dispute that could have disrupted the luxury carmaker’s business in the world’s biggest auto market.


Source: Reuters Business News

Exclusive: Italy tax police seize documents from IBM in BT Italy probe

May 19, 2017 by  

MILAN – Italian investigators have seized documents from the Milan offices of International Business Machines Corp as part of an investigation into allegations of fraud at one of its customers, BT Italy, a unit of Britain’s BT Group, sources said.


Source: Reuters Business News

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