Saturday, May 16, 2020

Saudi wealth fund boosts US holdings with stakes in Citi, Boeing, Facebook

Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, a regulatory filing showed, giving it a portfolio of nearly $10 billion in U.S.-listed stocks.

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$1.4 bn tax demand on Volkswagen: Bombay HC asks Customs to file affidavit on time limitation

The Bombay High Court has asked the Customs department to explain its $1.4 billion tax demand from Skoda Auto Volkswagen India, raising ques...