With Saudi oil giant Saudi Aramco putting its IPO valued at $1.7 trillion, below the $2 trillion mark sought by Saudi’s crown prince Mohammad bin Salman, it is set to become the world’s biggest Initial Public Offering. Aramco will not… Read More ›
Month: November 2019
China cuts seven-day reverse repurchase rate to 2.50% from 2.55% for first time since 2015
On Monday, in a move that further eases liquidity in China’s slowing economy, People’s Bank of China (PBOC) stated on its website that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%. This is the first easing… Read More ›
Saudi Aramco won’t market IPO in U.S.: sources
As per two sources familiar with the matter at hand, Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States. Earlier this month, in its IPO prospectus, Aramco had said the offering of… Read More ›
Brexit casting huge shadow over Britain’s Dec. 12 elections
According to an opinion poll that was published on Saturday, British Prime Minister Boris Johnson’s Conservative Party is enjoying its highest levels of support since 2017. Johnson called for snap snap polls in Britain to end three years of disagreement… Read More ›
VISA facing FTC probe on debit card transactions
According to a statement from Visa Inc, the Federal Trade Commission (FTC) has initiated a probe into whether its actions prohibited merchants from using other debit payment networks. Earlier this week, Bloomberg Law had reported that the FTC was investigating… Read More ›
Top EU Court Rules Special Label For Products From Made In Israeli Settlements
All the member states of the European Union will now have to identify those products that are made in Israeli settlements in their labels, ruled the top court of the EU. It this decision by the court has been welcomed… Read More ›
China Might Have Used Forced Labor For Cotton Production In Xinjiang, Allege Human Rights Bodies
The use of cotton sourced from the Xinjiang region of China, where the Chinese government has allegedly committed human rights violations on the Muslim Uighur minority, has put global fashion and apparel retailers under the scrutiny over ethical sourcing issues…. Read More ›
Airbus set to win large orders from Air Arabia
According to two sources familiar with the matter at hand, Airbus is likely to win an order for at least 100 jets from Air Arabia with an announcement likely to happen at the Dubai Airshow next week. The Emirati budget… Read More ›
Tesla’s European Gigafactory to be in accordance to EU rules: Dietmar Woidke
Following Elon Musk’s statement that electric vehicle pioneer Tesla will build its first European Gigafactory near the new Berlin airport, the premier of the Brandenburg state said, it would be in accordance with EU rules. “We’re operating within the framework… Read More ›
Tesla’s European Gigafactory will be built near new Berlin airport
While earlier this week, Tesla Inc’s Chief Executive Officer Elon Musk had disclosed that the electric carmaker will be building its new “Gigafactory 4,” in the “Berlin area” the electric carmaker has now revealed its new European Gigafactory, which is… Read More ›
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