Industrials

Britain's Ineos to invest $2 billion in Saudi plants

British petrochemicals maker Ineos is investing $2 billion to build three plants in Saudi Arabia, as western companies appear to be shedding their reluctance to do business with the kingdom following the killing of Washington Post columnist Jamal Khashoggi by Saudi agents in Turkey last year.

US companies are in line of fire of tariffs aimed at Mexico

The surprise announcement by President Donald Trump of an escalating tariff regime against Mexico is sending ripples through almost every economic sector in the U.S., pulling at the shares of companies that make cars, operate railroads, or sell anything with produce.

SAS says 6-day pilot strike cost it $68 million

Scandinavian Airlines says that a six-day pilot strike that led to the cancellation of 4,000 flights and affected more than 370,000 passengers cost 650 million kronor ($68 million).

Business Highlights

___ CEOs get $800,000 pay raise, leaving workers further behind NEW YORK (AP) — Pay for CEOs at the biggest U.S. companies climbed 7% last year, widening the chasm between the top executives and their workers, whose pay didn't rise as quickly.