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'Crown jewel' Aramco stirs loyal Saudi demand for giant IPO

November 17, 2019 by  
Filed under News

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

November 17, 2019 by  
Filed under News

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

November 17, 2019 by  
Filed under News

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

November 17, 2019 by  
Filed under News

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

November 17, 2019 by  
Filed under News

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

November 16, 2019 by  
Filed under News

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

November 16, 2019 by  
Filed under News

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

November 15, 2019 by  
Filed under News

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

November 15, 2019 by  
Filed under News

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

November 15, 2019 by  
Filed under News

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

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