Chinese technology giant Alibaba broke the record for the largest public offering in 2019 on Tuesday in Hong Kong. Alibaba Group Holdings Limited broke the Uber record set in May at $8.10 billion, with a […]
The world’s most popular cryptocurrency, Bitcoin, fell below $7,000 on Sunday for the first time since May. The price of Bitcoin / USD (BTCUSD) reached about $6,850, after falling about 24% during the last month. […]
Saudi Arabia marginalized international banks advising on Aramco’s IPO. JPMorgan Chase & Co. and Morgan Stanley are among the global coordinators who have been sidelined after the oil giant turned to local lenders such as […]
A new report reveals that wind speeds are now excessively increasing after three decades of slowdown. With average wind turbines producing 17% of energy in 2017, the report found that current trends continued to 2024, […]
Senior negotiators from China and the United States spoke last weekend, after signs emerged of concessions by both sides on some outstanding issues. Chinese Vice Premier Liu He, the chief negotiator in trade talks with […]
The number of Americans filing for jobless claims rose to a five-month high last week, but this is unlikely to signal a shift in labor market conditions as claims for a number of states were […]
The number of Americans filing for jobless claims was slightly higher than expected last week, but the trend in claims remained consistent with strong labor market conditions. Initial claims for government unemployment benefits rose 5,000 […]
Shares in Saudi Arabia rose sharply on Sunday, lifted by cheaper valuations and delays in Aramco’s IPO. Shares of financial institutions have mostly suffered in major Gulf markets. The Saudi market rose 2 per cent […]
Oil prices rose on Wednesday, tracking gains in stock markets. Investors are pinning their hopes on a possible Brexit deal and on signals from OPEC and its allies that further supply constraints could be close. […]
With the losses of the S&P 500, which is suffering a recession for the first time since 2017, there are names of big companies worthy of blame. The financial results for the second quarter of […]
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