News

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Sun, 10 Nov 2019 08:33:26 GMT

Saudi Aramco reveals IPO details

On Sunday, it was revealed that Saudi Aramco would offer 0.5% of shares to retail investors. After the sale, a lock up of selling shares would be enacted.

Sun, 10 Nov 2019 06:49:25 GMT

Saudi Aramco expects to sell up to 0.5% of oil firm

According to sources with knowledge of the matter, Saudi Aramco is planning to sell about 0.5% of the state oil firm to retail investors in IPO.

Sun, 10 Nov 2019 05:50:25 GMT

AXA expects to land $3.1B profit

France's AXA, the second-largest European insurer, said on Saturday that it expected to land about $3.1 billion proceeds from the sale of 29% stake of AXA Equitable Holdings.

Sun, 10 Nov 2019 04:56:03 GMT

India's court awards disputed site to Hindus

On Saturday, the Indian Supreme Court awarded the disputed religious land to Hindus in a landmark ruling.

Sun, 10 Nov 2019 03:48:49 GMT

China's producer prices decline in October

On Saturday, the Chinese National Bureau of Statistics data showed that China's factory prices fell by 1.6% in October.

Sun, 10 Nov 2019 03:25:57 GMT

France's EDF gives estimate for six new nuclear reactors

According to the Le Monde newspaper report, France's EDF energy company said that it would cost about $51 billion to construct six new nuclear reactors.

Sat, 09 Nov 2019 20:40:29 GMT

AXA expects $3.1 billion gain

The French insurer AXA announced on Saturday that it expects to book $3.1 billion from the sale of 29% stake of AXA Equitable Holdings.

Sat, 09 Nov 2019 20:05:43 GMT

France evaluates new nuclear reactors

The French power utility company EDF has calculated that it would cost the government $51 billion to construct new six nuclear reactors.

Sat, 09 Nov 2019 18:40:20 GMT

Former Finance Minister comments on trade war

On Saturday, the former Finance Minister of China Lou Jiwei stated that the US-China trade war could ease, but conflicts between the countries would continue.

Sat, 09 Nov 2019 17:46:19 GMT

Alibaba faces HK Stock Exchange committee

On Saturday, Bloomberg reported that on November 14 representatives of Alibaba are expected to face a committee at the Hong Kong Stock Exchange, which would decide upon a listing of the company's stock.

Sat, 09 Nov 2019 16:40:10 GMT

Alibaba hires banks for HK listing

Reuters revealed on Saturday that Alibaba has appointed JP Morgan, Morgan Stanley and Citigroup to work on a Hong Kong stock listing.

Sat, 09 Nov 2019 15:42:18 GMT

EU states push for joint AML

On Saturday, European Union officials revealed that the largest states of the union are pushing to create a common anti money laundering institution that would take oversight from member states.

Sat, 09 Nov 2019 14:44:00 GMT

John Williams comments on rate cuts

The President of the New York Federal Reserve John Williams announced on Friday that the recent US interest rate cuts were made to address the US-China trade war.

Sat, 09 Nov 2019 13:40:04 GMT

Chinese factory prices decline

On Saturday, Chinese producer price data revealed that factory prices in October in China declined by the most in a third year period.

Sat, 09 Nov 2019 12:42:30 GMT

John Williams comments on US economy

The President of the New York Federal Reserve John Williams stated on Friday that the US economy was doing well and the US monetary policy was well positioned.

Sat, 09 Nov 2019 11:45:48 GMT

Justice Department comments on tech companies

On Friday, the Chief of the US Justice Department's antitrust unit announced that current antitrust laws can address the harm caused by large tech companies.

Sat, 09 Nov 2019 10:41:21 GMT

Ben & Jerry's gets sued

An environmentalist activist James Ehlers has filed a breach of consumer trust suit against Ben & Jerry's. The company allegedly deceived its customers about the source of milk.

Sat, 09 Nov 2019 09:54:35 GMT

WeWork publishes growth data

On Friday, WeWork published data that showed that the company's office sharing business had almost doubled.

Sat, 09 Nov 2019 08:45:23 GMT

Hong Kong faces new protests

On Saturday, Hong Kong authorities faced another weekend of protests. The protests were expected to start peacefully and afterwards descend into violence.

Sat, 09 Nov 2019 07:25:02 GMT

Two airlines pull 737 MAX

American Airlines and Southwest Airlines announced on Friday that they would extend the cancellation of the use of Boeing 737 MAX airplanes until March.

Sat, 09 Nov 2019 07:22:46 GMT

US Supreme Court considers blocking Booking.com trademark

On Friday, the US Supreme Court agreed to evaluate a bid made by a federal agency that would prevent Booking.com from trademarking its website name.

Sat, 09 Nov 2019 06:01:33 GMT

Blackstone buys majority stake in MagicLab

Blackstone Group Inc has acquired majority stake in the British dating apps Bumble and Badoo. The deal values Bumble's parent company, MagicLab, at about $3B.

Sat, 09 Nov 2019 04:46:00 GMT

Norwegian oil firm Equinor begins search for new CEO

According to the Stavanger Aftenblad report, the Norwegian oil company Equinor has begun looking for a new CEO.

Sat, 09 Nov 2019 03:44:18 GMT

Italy's 5-Star Party opposes legal shield for ArcelorMittal

On Friday, the leader of Italy's 5-Star Movement Luigi Di Maio said that his party doesn't want a new legal shield for ArcelorMittal.

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