Saudi Arabia’s national oil company wants to buy more U.S. refining and chemical plants to expand its footprint in the world’s largest energy market
BUSINESS
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BHP plans to mine Australia’s iron ore Pilbara region for 100 years
The world’s largest miner BHP Billiton expects to continue mining iron ore in western Australia’s Pilbara for more than 100 years and will release
Foxconn lowering offer for Japan’s Sharp: Yomiuri
Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp (6753.T) from an initial plan of 489 billion yen ($4.4 billion),
Shell and Saudi Aramco seek to end 18 year Motiva Venture Partnership
HOUSTON — Royal Dutch Shell plc and the Saudi Arabian Oil Company said Wednesday they plan to end their refining joint venture.
US oil producer Venoco files for bankruptcy protection
U.S. oil and gas producer Venoco filed for Chapter 11 bankruptcy protection on Friday, joining more than 40 energy-related firms that have sought court
Venezuelan president gives workers weeklong vacation to save energy
CARACAS (AP) – President Nicolas Maduro has a new strategy to stave off a major power crisis for Venezuela: a weeklong holiday for all
Bangladesh Central Bank Governor Resigns After $81m Hack
Dhaka, Bangladesh – The central bank governor resigned on Tuesday after hackers allegedly stole $81m of government money from a US account and he failed to
How Many Hours Were You Stock in Traffic in 2015?
Americans were stuck in traffic for 8 billion hours in 2015
UBS to cut around 300 investment banking jobs
Swiss bank UBS (UBSG.S) plans to cut around six percent of its investment banking jobs in Europe in the coming weeks, two sources familiar
Ecobank Profit Drops as Slump in African Economies Hits Revenue
Ecobank Transnational Inc., Africa’s most geographically diverse lender, said full-year revenue growth will be lower than expected after lower oil prices and weaker currencies
