By utilizing shale gas reserves in the country, Saudi Arabia can use the now popular energy resource for local purposes and use its oil for exclusively for export purposes.
Sectors
Senate leadership progress towards budget deal
Senate Congressional leaders from both parties have progressed as to reaching a deal on the debt ceiling and the budget impasse.
WPP Plc expands into China
WPP Plc expands into China with its acquisition of IM2.0. The world's biggest advertising company, WPP Plc, is expanding its network to China through the purchase of a digital advertising agency.
Food stamps recipients clear Walmart stores as glitch removes spending limits
Food stamp recipients went for a two-hour shopping spree in Louisiana after a glitch removed spending limits on their cards.
European stocks fluctuate amidst US economic uncertainty
Stock markets in Europe fluctuated wildly amidst the uncertainty of the US finalizing budgets for its debt servicing and other governmental services.
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Maintenance, repair and overhaul firm Ascent Aviation Services Corporation receives capital infusion from private equity firm LongVue Capital.
KKR purchases Mitchell International from Aurora Capital for an undisclosed amount. Aurora Capital is a private equity firm managing over USD2 billion of assets based out of Los Angeles.
Shareholders of GSW are being convinced to accept the Deutsche Wohnen offered bid. In a letter to its clients, GSW immobilien AG had recommended the acceptance of the EUR1.
In order to block the bid of Sinochem, OVL and Shell filed notice of purchase on the USD1.543 billion oil block interest from Petrobras.
TCS, a credit card business company in Russia, set its IPO price at USD14 to USD17.50 per share piece.
15 US states had been using risk assessment software to decide on handing out paroles to prisoner candidates, said a Wall Street Journal report.
Industry observers believed that USPS would be able to achieve success similar to Royal Mail should the former would be listed on the stock exchange.
If the US fails to pass legislation to increase the debt limit, then the global economic system would be tremendously affected.
Frontier Beverage Company Inc announced today that it had completed its acquisition of holding company 22 Social Club Productions Inc and its subsidiaries Blue 22 Entertainment and AppQwest LLC
