'Crown jewel' Aramco stirs loyal Saudi demand for giant IPO
From taxi drivers to clerics, Saudis clamoring to own part of state oil giant Aramco went online and to local banks on Sunday at the start of a long-delayed share sale for what could be the world’s biggest initial public offering.
Source: Reuters Business News
Saudi Aramco in race for IPO record with $1.7 trillion top value
Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s biggest IPO.
Source: Reuters Business News
Factbox: Saudi Aramco – the oil colossus
Saudi Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6 trillion and $1.7 trillion, below the $2 trillion Saudi Crown Prince Mohammed bin Salman previously targeted.
Source: Reuters Business News
Saudi Aramco will not market IPO in the United States: sources
Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said.
Source: Reuters Business News
Ethiopian Airlines undecided whether to take more Boeing 737 MAX jets
Ethiopian Airlines has not decided yet whether to take more deliveries of the 737 MAX, the jet grounded worldwide in the wake of crashes in Ethiopia and Indonesia, the airline’s CEO said on Sunday, as Boeing completes revisions to the aircraft’s design.
Source: Reuters Business News
U.S. to extend license for its companies to continue business with Huawei: sources
The Trump administration is set to issue a two-week extension of a license allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd, two sources familiar with the deliberations said.
Source: Reuters Business News
Boeing says timing of 737 MAX return in hands of regulators
Boeing moved on Saturday to ease tensions with regulators over the return to service of its 737 MAX, saying it was up to the U.S. Federal Aviation Administration and its global counterparts to approve changes to the jet in the wake of two accidents.
Source: Reuters Business News
U.S. charges another ex-JPMorgan executive with alleged market manipulation
The Department of Justice has charged another former JPMorgan Chase & Co executive with alleged racketeering and manipulating precious metals prices between 2008 and 2016, the latest in a string of similar prosecutions.
Source: Reuters Business News
Ford's UAW members vote to ratify new four-year contract
The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker.
Source: Reuters Business News
Microsoft to probe work of Israeli facial recognition startup it funded
Microsoft Corp has hired former U.S. Attorney General Eric Holder to investigate whether the use of facial recognition technology developed by an Israeli startup it funded complies with its ethics principles, the company said on Friday.
Source: Reuters Business News