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 ›
domestic
U.S. manufacturing contracts for 1st time in a decade – private survey results
Since the private survey adds fuel to fears that the U.S.-China trade war, which is deeply hurting Beijing which for years have exploited western technologies and economic policies to its benefits, is hurting the U.S. economy, one will have to… Read More ›
Saudi Arabia’s SAMI inks defense deal with South Africa’s Paramount Group
Saudi Arabia, the world’s third largest defense spender, aims to cut its defense import bill by 50% by 2030. In an effort aimed at developing Saudi Arabia’s domestic defense industry, Saudi Arabian Military Industries (SAMI) and South Africa’s Paramount Group… Read More ›
Starbucks launches all-day cafe in China
The effort, aimed at expanding its foothold in the highly competitive Chinese market, will see Starbucks competing with local Chinese startups, including Luckin Coffee. On Friday, Starbucks Corp stated it will be launching a new all-day dining cafe in China… Read More ›
Trade war bites into China’s growth rate
Although China has the tools to manage growing headwinds from its trade war with the United States, a strong stimulus is likely to pile on even more debt, while a loose policy could result in the fall of domestic interest… Read More ›
Venezuela takes step to block multi-billion oil smuggling business
Oil prices in Venezuela are set to rise to international levels. However, Venezuelans who register their vehicles in the vehicle census that is being carried out by his government will continue to receive subsidized fuel prices. Through a televised address,… Read More ›
Marginal slowdown in growth noticed in EU’s fastest growing economy
The Investec Services Purchasing Managers’ Index (PMI) in Ireland fell to 57.4 from 59.5, its lowest level since March 2018. As per the results of a survey released on Friday, growth in the Ireland’s services sector have dipped slightly from… Read More ›
Indian airliner operator Vistara places orders for jets worth $13 billion with Airbus and Boeing
Apart from these, Vistara plans on also purchasing 37 Airbus A320neos from leasing companies. On Wednesday, Vistara, an Indian airline operator, stated, it has placed firm orders for thirteen Airbus SE A320neos jets and six 787 Boeing jets in… Read More ›
Australian Strategic Policy Institute finds Huawei Technologies sponsoring overseas trips of Australian politicians
China’s Huawei Technologies Co Ltd, the world’s biggest maker of telecommunications network equipment, is increasingly finding it difficult to break into the U.S. and Australia telecommunication market on security concerns. A report by Australian think-tank Australian Strategic Policy Institute (ASPI)… Read More ›
Malaysia to sink in $697.9 million towards completing its TRX City project
The move is aimed at easing concerns of local and foreign investors regarding the completion of the TRX City – an integrated financial district. On Thursday, in a strategic move aimed at allaying concerns of foreign and domestic investors vis-a-vis… Read More ›
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