By Dmitry Zhdannikov DAVOS, Switzerland (Reuters) – Saudi Arabia will pump the proceeds from last month’s listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defense industry amid tensions with Iran, its finance minister said on Tuesday. Mohammed al-Jadaan told Reuters there were “serious efforts” to […]
By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Shareholders in Prudential Plc <PRU.L> have given their blessing to a bid by activist investor Third Point to carve up Britain’s largest insurer but advise against a hasty sale of its U.S business. Third Point, the $14 billion hedge fund run by investor Dan Loeb, on […]
By Silvia Aloisi and Sarah White MILAN/PARIS (Reuters) – Gucci sales were hit hard early in the coronavirus crisis due to the fashion group’s reliance on Chinese customers, owner Kering <PRTP.PA> said on Tuesday, adding that it was premature to say how quickly China sales would rebound. The health crisis first hit China – a […]
