Saudi Aramco, the Saudi state oil company, is negotiating purchase of up to 25% in the oil refining and petrochemicals business of an Indian corporation Reliance Industries, (RIL), The Times of India reported. The Saudis are pondering a share worth $ 10-15 billion. Based on these estimates, the entire Reliance Industries business in refining and petrochemicals may cost $ 55-60 billion. An...

Purchase of Anadarko Petroleum will allow oil giant Chevron to become the world's number two publicly traded oil company. After acquisition of Anadarko Petroleum, the oil giant Chevron will become the leading operator of Permian, one of the most interesting oil fields in the world, receiving a corridor 75 miles across the heart of Permian. Before the deal, which is estimated at $ 50 billion,...

Analysts at UBS forecast that Disney will spend $ 800 million on content for its new Disney + streaming service in the first year of broadcasting. “In the longer term, we expect Disney to continue to increase production of original content exclusively for Disney+ in order to add value to the proposal,” said UBS analysts. Disney is developing original movies and TV shows for its future Disney+...

Aggravation of the conflict over subsidies for European aircraft manufacturers of Airbus and its American competitor Boeing does not make sense and will only serve the interests of the new Chinese competitor, French Finance Minister said. “A clash between Boeing and Airbus would be absurd simply because our two industries are completely intertwined: we depend on each other for a number of...

American Uber Technologies Inc., which provides taxi services and food delivery, plans to raise about $ 10 billion in the initial placement of its shares, while official IPO registration data will be published on Thursday, Bloomberg reports, citing sources. The estimated size will make this IPO one of the largest placements of technology companies in history, as well as the most significant one...

The Brazilian state-owned oil and gas company Petroleo Brasileiro SA (Petrobras) has agreed to sell its division Transportadora Associada de Gas (TAG), a domestic gas pipeline network operator, to the French energy company Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec. The transaction’s amount, which will be the largest sale of an asset to Petrobras, will reach about $...

Carl Icahn got rid of his stake in Lyft - Uber's main competitor in the United States - before the company entered the stock exchange. Icahn invested $ 150 million in Lyft four years ago and held its stake. On the eve of the company's IPO, it was estimated at $ 550 million. American billionaire Carl Icahn sold his share in the Lyft Inc. taxi call service (2.7%) on the eve of the initial public...

Carlos Ghosn, Ex-Chairman of the Board of Directors of Nissan Motor, was re-arrested on Thursday on charges of financial irregularities during his term as Head of the Japanese automaker, AP reports. Tokyo's prosecutors said that Ghosn’s arrest was caused by suspicion that he had appropriated $ 5 million from funds that were transferred from a Nissan subsidiary to a foreign distributor. The...

Aramco revealed its account ledgers and surprised economists. In 2018, profit of the “pearl of the Arabian crown” amounted to $ 111 billion, which is more than profit of Apple and Exxon Mobil together. Aramco's earnings were disclosed in the course of preparation for purchase of a 70 percent stake in Saudi oil refining company Saudi Basic Industries Corp. (Sabic) for $ 69.1 billion. Riyadh plans...