Investors drop saudi stocks in light of the caution case and the last of the big Foreign Companies pulls out of a key Investment Summit in rio officials are scrambling. Just one notch above junk status a Credit Ratings downgrade for italy but other markets actually worried. Joe kayser the c. E. O. Of german industrial giant siemens announced today that hell pull out of the davos in the desert now thats the massive Investor Conference set to begin this week in riyadh move may not be a surprise in the wake of the suspected murder of journalist jamal. But for kaiser and his company its not an easy one. Preparations are well underway the mood though is muted said his future Investment Initiative a conference known by some as davos and the desert kicks off in riyadh on tuesday
but the number of participants is dwindling delicious Business Leader to pleasure the event is this man seaman c. E. O. Joe kayser he announced his withdrawal following pressure to respond to allegations of saudi invo
independent car parts supplier. now ryanair has logged a seven percent fall in profit from april to september summer s a key season for europe s largest budget carrier but it took a hit from rising fuel costs and lackluster bookings that were marred by strikes ryanair says it will have to keep short haul tickets prices low prices low this winter and the carriers bracing for more damage cabin crews recently failed to remove an irate passenger who hurled racist insults at a woman a video of the incident was posted online. competition authorities in the u.s. and europe have approved the merger of two major industrial gas companies germany s lenda and u.s. based praxair the eighty billion dollars deal will create the world s biggest manufacturer of gases including oxygen helium and carbon dioxide the company s got the go ahead to merge after agreeing to sell off some assets including european gas business the deal is due to be completed within the coming days.