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Saudi Kayan secures $1.2bn loan

DUBAI / Reuters Saudi Kayan Petrochemical Co said on Tuesday it had secured a $1.2 billion Islamic loan from National Commercial Bank (NCB) to help repay a previous facility with the lender that matures next week. The company, an affiliate of Saudi Basic Industries Corp , said the new loan was for five years, replacing the seven-year loan of same ...

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Sunshine flummoxing gas traders in EU’s cloudiest corner

Bloomberg Five years ago, commodities trader Wayne Bryan hardly considered Britain’s famously overcast skies when buying and selling UK natural gas. Now he can’t afford to ignore them. Within the last year, the sun has taken on new-found importance across the cloudy island nation with photovoltaic cells providing as much as a quarter of the UK’s daily power supply on ...

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China may spend $1.5 tn on outbound deals in a decade

Bloomberg Chinese acquirers will spend $1.5 trillion buying companies and investing overseas in the next decade, 70 percent more than the previous 10 years, even as regulators at home and abroad block deals, Linklaters LLP said in a report on Tuesday. Government policies encouraging Chinese companies to invest in manufacturing capabilities, particularly for advanced technology, and international trade will help ...

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