Saudi Arabian Mining Co (Ma’aden) said on Sunday that its phosphate subsidiary is rescheduling and refinancing about $4.1 billion in debt. The subsidiary, Ma’aden Wa’ad Al Shamal Phosphate Company, will reschedule 6.7 billion riyals ($1.8 billion) owed to Saudi Arabia’s sovereign...

Apple said Friday it was closing some stores in US states experiencing a surge in coronavirus infections, reversing course after reopening many of its retail locations. The iPhone maker said it was closing six of its retail stores in Arizona, along with two each in North Carolina and...

State oil giant Saudi Aramco started laying off hundreds of employees this month, two sources familiar with the matter said, as global energy companies reduce their workforces in response to the coronavirus crisis. Like other top oil firms, Aramco has cut capital spending for 2020 after the...

Oil prices edged lower on Wednesday as a drawdown in U.S. distillate stockpiles for the first time since March and a sharp drop in U.S. crude production faced concerns over fuel demand due to fresh outbreaks of COVID-19. Brent crude LCOc1 was down 14 cents, or 0.3%, at $40.82 a barrel by...