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Exclusive: China's banks lend to Saudi gas project while its funds sit out of BlackRock-led deal, sources say
Reuters· 2025-10-02 20:28
China's biggest state banks are lending billions to Aramco's Jafurah gas project, though its funds have passed on the opportunity to invest in the venture, three people familiar with the matter said. ...
BMW South Africa CEO calls for joint EV battery strategy with Europe
Reuters· 2025-10-02 20:10
South Africa and Europe should collaborate on building an alternative "value chain" for electric vehicle components such as batteries, to reduce dependence on China, the CEO of BMW South Africa said, ... ...
Eric Trump signs up as client with Citigroup, Bloomberg News reports
Reuters· 2025-10-02 20:05
Eric Trump, U.S President Donald Trump's son, has signed up as a client of Citigroup and established a trust that holds some of his father's money, Bloomberg News reported on Thursday, citing people w... ...
Hungary buys gas from France's Engie, diversifying supply from Russia
Reuters· 2025-10-02 19:45
Hungary on Thursday signed its biggest ever deal to buy liquefied natural gas from French firm Engie , a second agreement in as many months that will diversify its supply away from top energy provider... ...
US layoffs fall in September but year-to-date planned hiring at lowest in 16 years
Reuters· 2025-10-02 19:32
U.S. employers announced fewer layoffs in September but hiring plans so far this year were the lowest since 2009, a report said on Thursday, adding to evidence of a labor market standstill as the demand and supply of workers fall because of policy and technology advances. ...
Videogame publisher EA's $55-billion buyout turns spotlight on gaming IP diversification
Reuters· 2025-10-02 19:19
Electronic Arts' record $55-billion leveraged buyout by Saudi Arabia's sovereign wealth fund and two other firms marks a turning point in the videogame industry, as companies look to capitalize on int... ...
Occidental to sell OxyChem unit to Berkshire for $9.7 billion
Reuters· 2025-10-02 19:04
Occidental Petroleum said on Thursday it would sell its petrochemical division to Warren Buffett's Berkshire Hathaway for $9.7 billion, as the U.S. oil and gas producer looks to pare debt. ...
Dutch court orders Meta to change Facebook and Instagram timeline settings
Reuters· 2025-10-02 18:55
A Dutch court on Thursday ordered Meta Platforms to offer users of its Facebook and Instagram platforms simpler options for a timeline that is not based on profiling. ...
Morning Bid: Fed, pharma and tech lift world markets
Reuters· 2025-10-02 18:34
What matters in U.S. and global markets today ...
Lloyds to take full control of UK wealth joint venture with Schroders, FT reports
Reuters· 2025-10-02 17:31
Britain's Lloyds Banking Group will take control of Schroders' 49.9% stake in their joint venture after the business struggled with growth targets and high executive turnover, the Financial Times repo... ...