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Fed's Mester: U.S. monetary policy 'in a good spot'

November 18, 2019 by  
Filed under News

The current level of interest rates is appropriate for the U.S. economy and the Federal Reserve should now pause as it monitors how the economy evolves, Cleveland Fed President Loretta Mester said on Monday.


Source: Reuters Business News

Wall Street at record levels after U.S. extends Huawei reprieve

November 18, 2019 by  
Filed under News

Wall Street’s main indexes hit record highs on Monday as Washington’s decision to grant an extension for U.S. companies to do business with China’s Huawei helped ease some concerns around U.S.-China trade relations.


Source: Reuters Business News

T-Mobile CEO Legere to step down next year

November 18, 2019 by  
Filed under News

T-Mobile US Inc Chief Executive Officer John Legere will step down next year, the company said on Monday, less than three weeks before it goes to trial to determine the fate of its planned $26.5 billion merger with smaller rival Sprint Corp.


Source: Reuters Business News

Boost founder says willing to pay up to $2 billion to buy brand from Sprint

November 18, 2019 by  
Filed under News

Boost Mobile founder Peter Adderton is willing to pay up to $2 billion to buy back the prepaid wireless brand from Sprint Corp , he told Reuters on Monday, a significant potential premium to what satellite TV provider Dish Network agreed to pay for Sprint’s entire prepaid wireless business.


Source: Reuters Business News

Trump, Powell met Monday at White House to discuss economy

November 18, 2019 by  
Filed under News

U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning, their second meeting since Powell started the job in February 2017 and soon after became the target of frequent criticism from the president who had appointed him.


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 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

'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 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

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