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Saudi Arabia Approves IPO of World’s Most Profitable Company

November 3, 2019 admin Comments Off on Saudi Arabia Approves IPO of World’s Most Profitable Company

(Bloomberg) — Saudi Arabia finally kicked off what could be the world’s biggest initial public offering.More than three years after Crown Prince Mohammed bin Salman first raised the idea — and just three weeks after a plan to launch the share sale was abruptly shelved — the Capital Market Authority approved Aramco’s offering, according to a statement. The shares are likely to start trading in December.The approval shall be valid for six months, and the company’s prospectus will be published prior to the start of the subscription period, according to the statement.Aramco, which pumps about 10% of the world’s oil, …read more […]

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China securities regulator says IPO reform to be expanded to Shenzhen’s start-up board – Xinhua

November 3, 2019 admin Comments Off on China securities regulator says IPO reform to be expanded to Shenzhen’s start-up board – Xinhua

The registration-based mechanism for initial public offerings (IPOs) that underpins the successful launch of Shanghai’s Nasdaq-style STAR Market will be rolled out on Shenzhen’s start-up board ChiNext, China’s top securities regulator said on Sunday.

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Don’t Choose Between U.S. and China, Duterte Says: Asean Update

November 3, 2019 admin Comments Off on Don’t Choose Between U.S. and China, Duterte Says: Asean Update

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Meetings hosted by the 10-member Association of Southeast Asian Nations resumed Sunday with doubts emerging on whether the weekend would see a breakthrough in talks on the world’s largest regional trade pact.The China-backed Regional Comprehensive Economic Partnership (RCEP) has been jeopardized by last-minute requests from India after it earlier agreed to terms. Leaders had planned to announce a preliminary deal on Monday, paving the way for countries to finalize details on the legal framework of an agreement that would cover …read more […]