Bloomberg Shanghai Pehchaolin Daily Chemical Co, a Chinese skincare company that owns the 89-year-old premium beauty brand Pechoin, is in talks with potential investors for a minority stake sale, according to people familiar with the situation. Shanghai Pehchaolin has received interest from prospective investors including some private equity firms, said the people, who asked not to be identified as the …

Bloomberg Saudi Arabia is set to sell about 600,000 barrels a day of crude to the US in April, the highest volume in a year, according to a Saudi industry official familiar with allocations to American refiners. The shipments, agreed with refiners as Saudi Arabia ramped up production to a record 12.3 million barrels a day this month, come at …

RIYADH / WAM The Houthi militia fired a ballistic missile against civilian targets in Yemen’s Ma’rib, Saudi Press Agency (SPA) reported. “The Houthi militia’s escalation of hostilities using ballistic missiles to deliberately target civilians and civilian objects underscores the militia’s denial of all efforts and initiatives of ceasefire and deescalation, the last of which was the initiative by the Joint …