TOKYO (Reuters) - Saudi Aramco has agreed to buy from Japan's Sumitomo Chemical ( SOMMF ) a 22.5% stake in their petrochemical joint venture Petro Rabigh for $702 million, the companies said in a joint statement on Wednesday. Under the deal, Aramco and Sumitomo Chemical ( SOMMF ) will each provide $702 million in funding to Petro Rabigh and waive...

Aug 7 (Reuters) - KKR & Co Inc ( KKR ): * KKR TO ACQUIRE MAJORITY POSITION IN FGS GLOBAL TO SUPPORT LONG-TERM GROWTH; FGS TO BECOME STANDALONE COMMUNICATIONS AND PUBLIC AFFAIRS CONSULTANCY * KKR & CO INC ( KKR ) - FGS VALUED AT $1.7 BILLION * KKR & CO INC ( KKR ) - TRANSACTION EXPECTED TO CLOSE...

(Reuters) - German sportswear maker Puma on Wednesday narrowed down its outlook for full-year core profit, citing expected higher freight costs and continued muted consumer sentiment, especially in China. It now expects operating profit (EBIT) to come in a range between 620 million and 670 million euros ($676-$731 million)compared to between 620 million to 700 million euros previously. It confirmed...

JOHANNESBURG/ LONDON, Aug 7 (Reuters) - Glencore ( GLCNF ) will not spin off its coal business after securing backing from the majority of its investors who see lucrative earnings from the fossil fuel after the commodities giant's recent acquisition of Teck Resources' ( TECK ) coking coal assets, it said on Wednesday. Lack of investment in new coal assets...