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Saudi Raises $9 bn in First Global Islamic Bond Issue

Saudi Arabia raised $9 billion in its first global Islamic bond issue, the government announced on Thursday, a move analysts say could ease pressure on foreign reserves.

The sale of Islamic bonds, known as sukuks, comes after the kingdom in October turned to the conventional global debt market for the first time, raising $17.5 billion in a bond issue.

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Airplane Manufacturer ATR Signs 20-Aircraft Deal with Iran

European airplane manufacturer ATR says it has signed a deal with Iran Air for 20 aircraft with an option for 20 more.

ATR spokesman David Vargas confirmed the deal for the 20 ATR-600s, a twin-propeller aircraft, were signed on Thursday. He declined to offer a value for the deal.

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Large U.S. Firms Stashed $1.6 Trillion in Tax Havens, Says Oxfam

The 50 largest U.S. companies, including Apple, Microsoft and Wal-Mart, are parking about $1.6 trillion in offshore tax havens to reduce their U.S. tax burden, according to a study published Wednesday. 

Poverty-fighting organization Oxfam America said the sum for 2015 was a $200 billion increase over the prior year. The report cites the companies' own data.

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U.S. Stocks Fall on Syria, United Continental Tumbles

Wall Street stocks fell early Tuesday as uncertainty over Syria weighed on investor sentiment, while shares of United Continental tumbled amid public outrage over the forcible removal of a passenger from a flight.

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Sales of Ivanka Trump Products Soar in 2016

Sales of Ivanka Trump's clothing collection soared by nearly 61 percent in 2016, the company that manufactures products for the president's daughter's line and other brands said on Monday.

The figures from the G-III Apparel Group cover wholesale revenue from February 2016 through January 2017, the company said in a recently released annual report.

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Turkey's Vestel Says in Talks to Buy Toshiba TV Ops

Turkey's electronics manufacturer Vestel said Monday it is in talks to buy the television unit of Japan's Toshiba but declined to predict at this point whether a deal will actually be reached. 

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Australia Wheat Board Chairman Punished over Saddam 'Kickback'

The former chairman of an Australian wheat firm was fined Aus$50,000 (US$37,500) Monday and banned from managing a corporation for five years over the payment of huge kickbacks to Saddam Hussein's government in Iraq.

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Asian Traders Tread Uneasily as Syria Strike Fuels Tensions

Asian investors moved cautiously Monday as last week's US missile strikes on a Syrian airfield fueled geopolitical tensions and led to sabre-rattling between Washington and Russia.

There are fears about brewing tensions between the two powers, with the US suggesting there can be no peace while Moscow-backed Bashar Assad remains Syria's president.

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Barclays, Its CEO Probed over Whistleblower Program

Barclays on Monday confirmed it was under investigation along with its CEO Jes Staley over his attempts to uncover the identity of a whistleblower within the British financial giant.

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Failed Pepsi, Nivea Ads Show Industry's Diversity Problem

Recent high-profile advertising missteps by Pepsi and skin-care company Nivea underscored anew Madison Avenue's awkward relationship with racial diversity at a time when the United States is becoming less white.

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