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BEIJING: China’s largest stock debut in years did next to nothing, following signs of weakening sentiment in the world’s second largest equity market.
DUBAI: When shares of Saudi Arabia’s national oil company begin trading tomorrow after the world’s largest initial public offering (IPO), the stars will be aligned to ensure that the stock price holds up.
LIKE so many in the past, the latest deal by the world’s major oil producing countries to reduce supply and boost prices relies on persuading the cheats to adhere to the output cuts they’ve agreed to
STRONG US job data, trade tensions, Opec and Saudi Aramco were among the global highlights for last week while for the week ahead, Britain goes to the polls on Thursday.
There were two major listings that would likely have different repercussion on the region and Malaysia in the last two weeks.
TOKYO: Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma.
RIYADH/DUBAI: State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman.
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.
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.
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.