Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than $12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom.
Iron ore futures fell in China as investors weighed export data from top shippers as stockpiles of the steel-making material remained elevated.
Toshiba Corp. said that Chief Executive Officer Nobuaki Kurumatani is stepping down and will be replaced by Chairman Satoshi Tsunakawa.
Tommy Beaudreau, a veteran of the Interior Department who charted new restrictions for Arctic oil drilling under former President Barack Obama, is being tapped to return to the agency as its No. 2 official.
Chinese authorities want failing local government financing vehicles to restructure or go bust if they can’t repay their debts, suggesting the state-linked sector is closer to seeing its first defaults on publicly traded bonds.
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