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 […]
FRANKFURT/PARIS (Reuters) – Volkswagen <VOWG_p.DE> on Tuesday said that Luca de Meo has stepped down from his current role as head of its Spanish Seat brand just as rival Renault <RENA.PA> intensifies efforts to find a new chief executive. “Luca de Meo, Chief Executive of Seat S.A. has had his duties as chief executive of […]
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes unexpectedly dropped in December as low mortgage rates were offset by a shortage of properties for sale. The National Association of Realtors said on Wednesday its pending home sales index declined 4.9% to a reading of 103.2. November’s index was unrevised. Compared to one year […]
