Saturday, May 20th, 2017

 

US, Saudi agree arms deals worth almost US$110b, says White House

RIYADH, May 20 — Washington has agreed arms deals with Saudi Arabia worth almost US$110 billion, a White House official said today, the first day of President Donald Trump’s visit to the traditional US ally. “This package of defence…


Saudis greet Trump with more than US$50b in deals

RIYADH, May 20 — Saudi Arabia is set to enter into more than US$50 billion of defence and commercial deals with the US on Saturday, the first day of President Donald Trump’s visit to the kingdom. Saudi Aramco will sign initial accords and…


Saudis greet Trump with more than US$50b in deals (VIDEO)

RIYADH, May 20 — Saudi Arabia is set to enter into more than US$50 billion of defence and commercial deals with the US on Saturday, the first day of President Donald Trump’s visit to the kingdom. Saudi Aramco will sign initial accords and…


Mandatory MPSO certification for oil palm industry by 2019, says minister

KUALA LUMPUR, May 20 — Malaysia aims for all oil palm planters in the country to have the Malaysian Sustainable Palm Oil (MPSO) certification by 2019. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said it would also…


Saudi Aramco CEO says to sign US$50b of deals with US companies

RIYADH, May 20 — National oil giant Saudi Aramco expects to sign US$50 billion of deals with US companies today, part of a drive to diversify the kingdom’s economy beyond oil exports, Aramco’s chief executive Amin Nasser said. Nasser was…


Opec keeps focus on shale threat as officials meet in Vienna

LONDON, May 20 — Opec officials gathering in Vienna yesterday to prepare for next week’s ministerial meeting kept their focus on rising US shale oil production, which has been diluting the price impact of their production cuts. National…


China’s Q2 GDP growth seen by data centre around 6.8pc

SHANGHAI, May 20 — China’s economy will likely expand around 6.8 per cent in the second quarter of 2017, the State Information Centre said in an article published in the state-owned China Securities Journal today. The State Information Centre…


37,000 AT&T workers in US go on three-day strike

NEW YORK, May 20 — About 37,000 AT&T Inc workers, or less than 14 per cent of the company’s total workforce, began a three-day strike yesterday after failing to reach an agreement with the No. 2 US wireless carrier over new contracts. This is…


Italy tax police seize documents from IBM in BT Italy probe

MILAN, May 20 — Italian investigators have seized documents from the Milan offices of International Business Machines Corp as part of an investigation into allegations of fraud at one of its customers, BT Italy, a unit of Britain’s BT Group,…


Apec meeting puts Trump’s trade turmoil centre stage

HANOI, May 20 — Ministers from Asia-Pacific countries discussed the changing global trade landscape today after US President Donald Trump upended the old order with an “America First” policy that has sparked fears of protectionism. It is…