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 […]
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 […]
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 […]
Federal Reserve Chairman Jerome Powell will testify on Wednesday before the Congress on the outlook for the US economy, giving his view two weeks after the Fed cut interest rates for the third time this […]
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 […]
Gold prices have recorded their biggest weekly loss in more than two years, especially with the emergence of market satisfaction from the progress of trade talks between the two most important economies in the world, […]
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 […]
US President Donald Trump said China has signaled that negotiations on the initial trade deal are progressing, raising expectations that world leaders could sign an agreement at a meeting next month in Chile. “They have […]
Aldar Investment Properties, an extremely famous subsidiary of Aldar Properties, has announced the successful subscription of $500 million UD denominated sukuk for US $500 million. The sukuk carries a coupon rate of 3.875 per cent, […]
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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