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LONDON (Reuters) - Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday.
NEW YORK: Oil prices surged more than 3% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.
LONDON/RIYADH (Reuters) - Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.
The Chinese government is probably not dramatically outspending the US government on AI research and development, a recent report suggests.
PETALING JAYA: Iskandar Waterfront Holdings Sdn Bhd (IWH), a company that will partly fund the billion-ringgit Bandar Malaysia project, is said to be revisiting its proposal for an initial public offering by next year.
Dubai: Kuwait’s government will invest as much as US$1bil in the initial public offering (IPO) of Saudi Aramco as the kingdom asks regional allies to bolster the record share sale, according to sources.
Hong Kong: China Bohai Bank Co, a mid-sized lender part-owned by Standard Chartered Plc, has picked lead banks for a planned Hong Kong initial public offering that could raise more than US$2bil, according to sources.
LONDON: Since 1980, the year Saudi Aramco was fully nationalised, the world’s largest oil producer has pumped about 116 billion barrels of crude oil from giant fields below the kingdom’s desert and the waters of the Persian Gulf.
DUBAI: State-owned oil firm Aramco is expected to list 1.5% of its shares this month in a deal which could raise more than $25 billion and top the record initial public offering (IPO) of Chinese retailer Alibaba on the New York Stock Exchange in 2014.
For every 100 people in India, there are only three credit cards. A comparable penetration figure for the US is 320.