Bloomberg Saudi Arabia’s sovereign wealth fund is considering a plan to inject up to $300 million into a troubled steel pipe factory co-owned by ArcelorMittal, according to people familiar with the matter. The Public Investment Fund is looking at doubling its stake in ArcelorMittal Tubular Products Jubail to 40 percent by buying new shares and converting debt to equity, the ...

Bloomberg BP Plc has emerged as the front-runner to buy BHP Billiton Ltd.’s onshore oil and gas operations in the US, acco- rding to a person familiar with the matter. The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package, said the person, who asked to not be identified because ...

Bloomberg Trump or no Trump, the European Union (EU) is set to spur businesses to do more to meet the Paris climate accord goals. Taking a long view and encouraging companies to front-load actions to cap future costs will be among the thrusts of the climate push for the bloc’s executive suites. In its longer-term strategy to be presented in ...