Saudi Arabia’s sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies, buying assets it perceives as undervalued amid the coronavirus pandemic and low oil prices
Saudi Arabia’s sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies, according to people familiar with the matter, buying assets it perceives as undervalued in a market depressed by the coronavirus pandemic and low oil prices.
The stakes in Equinor ASA, Royal Dutch Shell PLC, Total SA and Eni SpA were all bought by the Public Investment Fund on the open market in recent weeks, said the people, who added that the fund might continue to make stock purchases.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Trump Administration Orders 167 Million Face Masks From 3M for Coronavirus PandemicPresident Trump said the government would buy nearly 167 million masks from 3M in the next three months, resolving a spat with the industrial conglomerate over efforts to ramp up the supply of gear for frontline health-care workers.
Read more »
WSJ News Exclusive | State Shutdowns Have Taken at Least a Quarter of U.S. Economy OfflineAn estimated 29% of the U.S. economy has suddenly gone idle, an analysis shows, an unprecedented shutdown of commerce that economists say has never occurred on such a wide scale.
Read more »
WSJ News Exclusive | Coronavirus Puts a Prison Under SiegeA prison 200 miles west of New Orleans has emerged as a focal point of the coronavirus pandemic inside the nation’s lockups: Five prisoners have died there from the disease, the most of any federal prison; at least 25 inmates and 21 workers have tested positive, and the actual figure is almost certainly higher as there is little testing.
Read more »
WSJ News Exclusive | At FEMA, Companies Offer Critical Coronavirus Supplies the Government Can’t BuyMore than 1,000 companies have responded to the federal agency’s call for much-needed resources in fighting the pandemic, but only three have items FEMA can obtain, according to a person familiar with the matter.
Read more »
WSJ News Exclusive | Airbnb Paying More Than 10% Interest on $1 Billion Financing Announced MondayAirbnb Inc. agreed to pay its new investors interest at a rate of more than 10%, and to strengthen its leadership, in return for the $1 billion in additional funding announced Monday, according to people familiar with the matter
Read more »
The Navy's Coronavirus Crisis - The Journal. - WSJ Podcasts🎧 Listen: In today's episode of The Journal podcast, bkesling explains the saga that ensued when Brett Crozier, the commander of a U.S. aircraft carrier, sent a memo asking for help when the coronavirus began spreading on the ship
Read more »