LONDON (Reuters) – The world’s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia. Cuts already announced by five major oil companies including Saudi Aramco <2222.SE> and […]
LONDON (REUTERS) – Singapore’s sovereign wealth fund GIC has teamed up with Chinese asset manager CDH Investments to submit a joint offer for the US$3.6 billion (S$4.8 billion) home appliance business of Philips, two sources told Reuters. The duo is facing competition from Asia-focused private equity firm Hillhouse Capital and a consortium of Citic Capital, […]
MEXICO CITY (Reuters) – Walmart de Mexico <WALMEX.MX>, Mexico’s biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme. Walmex, as the unit of Walmart Inc <WMT.N> is known locally, said revenue rose 4.7% in the fourth […]
