Reuters Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to be the world’s largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50 percent for the firm. Previously, Aramco had ...

  Reuters As the cost of light crude drops, some refiners in Asia are snap-ping up cargoes of the oil that is easier and cheaper to process than their usual diet of heavy crude, chasing profits from making diesel and gasoline. As a result of the OPEC production cuts, the world’s oil supply has become more light and those oil ...

  Bloomberg Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said. The New Delhi-based company is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market ...

  Bloomberg China Huishan Dairy Holdings Co.’s creditors held an emergency meeting on Thursday to discuss a cash shortage at the milk producer, according to a peer-to-peer lender that attended the gathering. Government officials from Liaoning province, where Huishan is based, convened the meeting and asked the company’s lenders to refrain from demanding immediate repayment, according to Hongling Capital, a ...

  Bloomberg Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger, overcoming regulators’ concerns with hefty concessions, including the sale of large parts of DuPont’s global pesticide business. The takeover, announced a year ago, is the first to win EU approval out of a trio of mega-deals that would reshape the global agrochemicals industry. ...

  Bloomberg German business sentiment climbed to the strongest since July 2011 in a sign that the economy is sustaining its momentum as revival in global trade trounces fears of rising protectionism. The Munich-based Ifo institute’s business climate index rose to 112.3 in March from a revised 111.1 in February. That beat the median estimate of 111.1 in a Bloomberg ...

  Bloomberg Fund manager Elizabeth Soon is on the lookout for her third “a-ha” moment. If her latest theme pans out as well as the first two, investors should start looking at driverless car suppliers. So far, Soon’s moments of investor clarity in almost a decade at PineBridge Investments Asia Ltd. have been related to the smartphone — both of ...

  Emirates Business Avaya and Icosnet have announced a strategic partnership to jointly provide Unified Communications (UC) technologies from a cloud platform in Algeria. With growing demand for advanced connectivity and communications solutions, the new cloud-based offering will bring innovative technology consumption models to help drive digital transformation within organisations in the public and private sectors in this emerging market. ...

  Emirates Business For the third consecutive year, the newest TV models from LG Electronics (LG) have been designated Netflix Recommended TVs by the global internet TV company that popularized streaming. The evaluation program recognizes TVs that deliver excellent Netflix performance and superb viewing experience. LG’s TVs passed a strict evaluation process based on factors that matter most to consumers, ...

  Emirates Business Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, announced the agenda and keynote speakers for Red Hat Summit 2017, the industry’s premier open source technology conference. The 13th annual Red Hat Summit is expected to welcome thousands of attendees from around the world to the Boston Convention and Exhibition Center, May 2-4. ...