Saudi Aramco will start subscription for investors in its initial public offering on Dec. 4, Saudi-owned news channel Al-Arabiya said in a news flash on Tuesday citing sources.
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.Australian central bank chief Philip Lowe reiterated that he’s prepared to ease policy further if needed, but again pushed back against the idea of interest rates turning negative in his economy.The Reserve Bank’s board has reduced borrowing costs three times in the past five months as it tries to boost economic growth and encourage hiring. At 0.75%, the record-low cash rate is also helping keep a lid on the local currency as other major central banks ease in response …read more […]
Saudi Aramco is targeting to kick off its initial public offering (IPO) on Nov. 3, three sources familiar with the matter told Reuters.
The plan to build a petrochemical plant near the Iranian city of Firouzabad had everything usually needed to get a project off the ground: approval from the nation’s top authority, funding from the Revolutionary Guards and plentiful gas feedstock.
Below is a list of Iranian downstream energy projects where construction has been delayed and existing facilities where operations have been disrupted due to water scarcity. [L5N26W2I0]
Mario Draghi will leave a more united euro zone when he steps down as president of the European Central Bank this week, but he hands over a body more publicly divided than ever on how best to resurrect an ailing regional economy. The 72-year-old Italian banker is widely credited with saving the euro zone from collapse, but some critics say he also overpowered opponents and tended to front-run the bank’s monetary policy in public. More than a dozen current and former ECB policymakers who spoke to Reuters all agreed that Draghi is a superb central banker who deserves …read more […]
Q3 2019 Spirit Airlines Inc Earnings Call …read more […]
In the midst of what became a golden decade for the U.S. Federal Reserve, central bankers twice in the 1990s cut interest rates in short bursts that managed to help the U.S. economy continue growing despite slowing investment and weak growth overseas.
Asian shares crept to a three-month peak on Tuesday after Wall Street hit all-time highs amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve this week.
Shares of bankrupt California power utility PG&E Corp extended losses on Monday as investors worried that its equipment might be responsible for wildfires spreading in northern California.
Volkswagen AG is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground.
An Australian regulator has filed a lawsuit against Alphabet Inc’s Google, accusing it of misleading smartphone users about how it collected and used personal location data, advancing a global crackdown on the world’s biggest tech firms.
Investors may wish to note that an insider of Telefonaktiebolaget LM Ericsson (publ), Peter Laurin, recently netted… …read more […]
Oil prices slipped on Tuesday as investors awaited U.S. crude inventory data for a pointer on oil demand trends, while concerns about slower economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing.
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