Business News

State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the stock market on Sunday as it completed its deal agreed last year to buy 70% of the petrochemical giant, according to sources and market data.

Most Gulf stocks closed lower on Sunday, with Kuwait hardest after its banking federation said banks would not pay dividends, while Egyptian shares sold off on a spike in coronavirus cases. The Kuwaiti index tumbled 3.2%, its biggest intraday fall since April, with National Bank of Kuwait

As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.

* Too early to cut VAT tax (Adds details on travel quarantine, stimulus options)

The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling:

Protesters shut down a major highway in Atlanta on Saturday and burned down a Wendy's restaurant where a black man was shot dead by police as he tried to escape arrest, an incident likely to fuel more nationwide tensions over race and police tactics.

Canadian oil sands companies have shelved nearly C$2 billion in green initiatives in a cost-cutting drive to weather the coronavirus pandemic, a reversal in some of their commitments to reduce emissions and clean up their dirty-oil image.

Protesters shut down a major highway in Atlanta on Saturday and set fire to a Wendy's restaurant where a black man was shot by police as he tried to escape arrest, an incident caught on video and sure to fuel more nationwide demonstrations.

As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.

AstraZeneca Plc has signed a contract with European governments to supply the region with its potential vaccine against the coronavirus, the British drugmaker's latest deal to pledge its drug to help combat the pandemic.

AstraZeneca Plc said on Saturday it signed a contract with European governments to supply the region with its potential vaccine against the coronavirus, the British drugmaker's latest deal to pledge its drug to help combat the pandemic.

AstraZeneca is in talks with Japan, Russia, Brazil and China about supply deals for its potential coronavirus vaccine, its chief said on Saturday, as the British drugmaker prepares to publish the results of the first phase of tests.

AstraZeneca is in talks with Japan, Russia, Brazil and China about supply deals for its potential COVID-19 vaccine, its chief said on Saturday, as the British drugmaker prepares to publish the results of the first phase of tests.

AstraZeneca Plc said on Saturday it signed a contract with European governments to supply the region with its potential vaccine against the coronavirus, the British drugmaker's latest deal to pledge its drug to help combat the pandemic.

Brazilian petrochemical producer Braskem SA filed its delayed 20-F form relative to 2019, the company said in a filing late on Friday.

Brazilian meatpacker JBS SA announced the construction of a new heparin factory by its pharmaceutical subsidiary Orygina in Presidente Epitacio, in Sao Paulo state.

Brazil's state-controlled oil company Petroleo Brasileiro SA has begun the binding phase for the sale of its windfarms, the company said in a Friday night securities filing.

Brazilian toll road company CCR SA has appointed Marco Antonio Souza Cauduro as its new chief executive officer, the company said in a securities filing on Friday evening.

British drugmaker AstraZeneca Plc said on Saturday it signed a contract with Italy, Germany, France and the Netherlands to supply Europe with a vaccine against the coronavirus, with deliveries starting by the end of 2020.

Italy, Germany, France and the Netherlands have signed a contract with Astrazeneca to supply European citizens with a vaccine against the coronavirus, Italy's health minister said on Saturday.