Asian stocks dropped, set for the biggest weekly loss since February, and the yen rose before key American jobs data that will help shape the U.S.
HOUSTON/SINGAPORE Wildfires in Canada. Instability in Venezuela. U.S. frackers at a standstill. Drops in oil output are happening so fast that it looks as if the Americas alone could resolve global oversupply.
The Excalibur Steel management buyout has emerged as the frontrunner to rescue Tata Steel UK, although concerns about funding and pensions could still derail the bid.
DUBAI The Saudi Stock Exchange has selected HSBC Saudi Arabia to advise on its own planned flotation scheduled for 2018, the exchange, known as Tadawul, said in a statement on Thursday.
The mortgage lender, part of Lloyds Banking Group - the largest retail bank in the UK - announced the move in response to changing demographics.