Category: Business & Finance

Saudi Aramco order book reaches 73 billion riyals so far: Samba

RIYADH/DUBAI (Reuters) – Saudi Aramco’s initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia’s Samba Financial Group said on Thursday. FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Some 1.8 million […]

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Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A

WASHINGTON (Reuters) – A possible purchase by brokerage giant Charles Schwab Corp. (SCHW.N) of rival TD Ameritrade (AMTD.O) reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said. FILE PHOTO: A Charles Schwab office is shown in Los Angeles, California January 29, 2016. […]

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Saudi Aramco IPO raises 73 billion riyals so far: Samba

FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov RIYADH/DUBAI (Reuters) – Saudi Aramco’s initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia’s Samba Financial Group said on Thursday. Some 1.8 million […]

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G20 has put up ‘historically high levels’ of trade barriers: WTO

FILE PHOTO: The World Trade Organization (WTO) headquarters are pictured in Geneva, Switzerland, July 26, 2018. REUTERS/Denis Balibouse/File Photo GENEVA (Reuters) – G20 economies slapped on 28 new barriers between mid-May and mid-October covering trade worth an estimated $460.4 billion, mainly via tariff increases and import bans, the World Trade Organization said on Thursday. The […]

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Pot stocks soar as U.S. House committee clears bill on federal weed legalization

(Reuters) – Shares of marijuana companies rose on Thursday after a U.S. congressional committee passed a legislation to decriminalize cannabis, taking it a step closer to being approved by the Democratic-controlled House of Representatives. A marijuana leaf is displayed at a medical marijuana dispensary in Seattle, Washington, in a file photo. REUTERS/Anthony Bolante The bill, […]

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U.S. labor market, manufacturing data point to slowing economy

WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market. FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida -/File Photo While other data on Thursday showed […]

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WeWork axes 2,400 staff globally

Image copyright Getty Images Office rental company WeWork is cutting about 2,400 jobs globally in an effort to staunch its growing losses. The move follows the dramatic collapse of WeWork’s plans to raise money by listing shares on the stock market. WeWork called the cuts “necessary” in order to “create a more efficient organisation”. The […]

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