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DUBAI: Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering (IPO), according to its prospectus on Saturday.
BEIJING: Chinese investors snapped up every blockchain-related stock in sight after President Xi Jinping said Beijing wants to speed up development of the technology.
Michael Brown sees lack of government investment, as well as tensions between Washington and Silicon Valley, as part of problem
SINGAPORE: China’s shoppers and investors lost their appetite for gold this year -- and there’s little expectation of any major improvement in 2020 as slowing growth and higher prices crimp consumer spending.
KUALA LUMPUR: Malaysia’s finance minister said the government won’t raise taxes unnecessarily even as the trade war between two of its largest trading partners hampers Malaysia’s goal of achieving a balanced budget.
KUCHING: The Sarawak government has allocated RM4.5bil to fund infrastructure development and amenity projects under three development agencies created with the expansion of the Sarawak Corridor of Renewable Energy (Score) area into the interiors.
SHANGHAI: China stocks rose on Tuesday as policymakers promised additional measures to bolster a slowing economy, but lingering uncertainties around the U.S.-China trade talks capped gains.
THE China-US trade war threatens to upend the supply chains of multinational technology companies. But smaller businesses are also getting caught up in the dispute.
HONG KONG: RRJ Capital, run by former Goldman Sachs Group Inc’s partner Richard Ong, is in advanced talks with the embattled HNA Group Co to lead a US$4bil investment in Ingram Micro Inc, people familiar with the matter said.