Bloomberg Satorp, the joint venture between Saudi Aramco and Total SA, hired Sumitomo Mitsui Banking Corp (SMBC) and Riyad Bank to help raise funds to develop a petrochemical facility in the kingdom, according to people with knowledge of matter. Financing for the $5 billion Amiral project is expected to be arranged from banks and export credit agencies, the people said, ...

Bloomberg China has offered to go on a six-year buying spree to ramp up imports from the US, in a move that would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the negotiations. By increasing goods imports from the US by a combined value of more than $1 trillion over that period, China would ...

Bloomberg Nissan Motor Co plans to cut as many as 700 workers at one of its US factories, adding slower truck and van sales to the list of woes for a company reeling from a leadership crisis. The Nissan assembly plant in Canton, Mississippi, will eliminate one shift of Titan and Frontier pickup production, and drop one shift building the ...