St Martins, the U.K.-based real estate investment vehicle of Kuwait’s government, bought a London commercial property development for about 1.7 billion pounds ($2.8 billion), according to a person familiar with the transaction.
Standard Chartered Plc said wealthy clients’ confidential information was stolen in Singapore from a printing company, underscoring the vulnerability of global banks to attacks from hackers and thieves.
The Organization of Petroleum Exporting Countries will increase crude shipments through late December as refiners boost purchases to meet winter heating demand, according to tanker tracker Oil Movements.
Energy ministers from Iraq, Kuwait, Angola and Algeria expect OPEC to keep its crude production target unchanged tomorrow after Saudi Arabian Oil Minister Ali al-Naimi said the market is “in equilibrium.”
Andrew Liveris, the chairman and chief executive officer of Dow Chemical Co., said he’s not going to be hurried into paying too much to redeem $3 billion of convertible preferred shares held by Warren Buffett.
Even with OPEC forecast to keep its output quota unchanged at a meeting this week, falling oil demand and prospects for increased supply from some member states mean the group’s leader, Saudi Arabia, will have to cut production anyway.