Saudi Aramco, the world’s top oil producer, has been rated A+ by Fitch and A1 by Moody’s in its first-ever credit ratings, ahead of the state oil giant’s first global bond sale and following 2018 earnings that dwarfed those of international oil majors.
Asian stocks powered higher on Monday as positive Chinese factory gauges and signs of progress in Sino-U.S. trade talks boosted sentiment, although another defeat for British Prime Minister Theresa May’s Brexit deal added to sterling’s woes.
Saudi Aramco, the world’s top oil producer, has been rated A+ by Fitch in its first-ever credit rating, ahead of the state oil giant’s first global bond sale and following 2018 earnings that dwarfed those of international oil majors.
Saudi Aramco, the world’s top oil producer, has hired banks ahead of a planned multi-tranche debut dollar bond issue, according to a document issued by one of the banks leading the deal and seen by Reuters.
Factory activity in China showed a slight, surprising recovery last month, in a sign that stimulus injected into Asia’s growth engine may be yielding results, but worries of a global slowdown persisted due to weakness elsewhere in the region.
Samsung C&T Corp and Samsung Electronics Co Ltd have almost doubled the size of a contract related to the construction of a semiconductor production line, taking the project’s total cost to 1.46 trillion won ($1.29 billion).
Factory activity in China showed a slight, surprising recovery last month, in a sign that stimulus injected into Asia’s growth engine may be yielding results, but worries of a global slowdown persisted due to weakness elsewhere in the region.
Japan’s Rakuten said on Monday it will book a 110 million yen ($989.74 million) gain in the quarter through March on its investment in Lyft following the U.S. ride-hailing firm’s listing last week.
Japan’s business mood slumped to a two-year low in the March quarter, a central bank survey showed, underscoring concerns that Sino-U.S. trade tensions and softening global demand were taking a toll on the export-reliant economy.
Saudi Aramco was by far the world’s biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said on Monday.
Asian stocks rallied on Monday as positive Chinese factory gauges and signs of progress in Sino-U.S. trade talks supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to sterling’s woes.
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.
Japanese business confidence worsened to a two-year low in the March quarter, a central bank survey showed, underscoring concerns that Sino-U.S. trade tensions and softening global demand were taking a toll on the export-reliant economy.
Asian stocks rose on Monday, as signs of progress in U.S.-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to the pound’s recent woes.
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