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No Riyadh rush as many global investors steer clear of Aramco IPO

LONDON (Reuters) - The Saudi Aramco IPO was supposed to be a cornerstone of Crown Prince Mohammed bin Salman's ambitious plan to open the gates to foreign investment in the kingdom. But there's no sign of a stampede. FILE PHOTO: Yasser ...

GLOBAL MARKETS-Asian shares up as trade optimism lingers, oil firm on OPEC+ output cut

CNN

... * Trump still upbeat on deal with China despite gap over tariffs. * Oil prices hold at recent highs as OPEC+ deepens cuts. * Investors eye U.S. jobs data, Fed meeting and tariff deadline. * European shares set to open a tad higher. * Asian stock markets: ...

Saudi Aramco Sells $25.6 billion in Shares for IPO

(Want this by email? Sign up here.) Saudi Aramco aims to raise $25.6 billion in world's biggest I.P.O.. In a year that brought several big I.P.O.s, the world might be about to see the largest stock debut on record. Saudi Arabia's state-owned oil company, Saudi ...

Take Five: Euphoria to despair and back again

(Reuters) - 1/ELECTION NIGHT FEVER. FILE PHOTO: Passersby are reflected on an electronic board showing the exchange rates between the Japanese yen and the U.S. dollar, the yen against the euro, the yen against the Australian dollar, Dow Jones ...

How Aramco's Huge IPO Fell Short of Saudi Prince's Wish

Early on Oct. 15, a group of international investment bankers delivered some unwelcome news to top executives of Saudi Arabia's giant oil company, Saudi Aramco. The bankers, gathered at Aramco's headquarters in Dhahran, reported that global investors ...

China's new yuan loans expected to rise in November from 22-month lows: Reuters poll

BEIJING (Reuters) - China's new bank loans are expected to rebound in November from a 22-month low the previous month as the central bank lowered some key lending rates and encouraged more credit growth to prop up the slowing economy, a Reuters ...

Oil on track for weekly gain as OPEC+ agree output cuts

LONDON (Reuters) - Oil prices dipped on Friday but were on track for weekly gains as a meeting of OPEC and its allies agreed to more output cuts in early 2020. FILE PHOTO: A bulk carrier is seen at Qingdao Port, Shandong province, China, April 21, 2019.

Watch Friday's Jobs Report for Clues on Economy's Trajectory

Wall Street Journal

Wall Street Journal

The Labor Department will release the November jobs report on Friday, offering a view of the U.S. economy's health as the year winds down. Economists surveyed by The Wall Street Journal expect employers added jobs at a solid pace during the month while ...

Oil set for big weekly gains as OPEC+ agrees on deeper output cuts

NEW YORK (Reuters) - Oil prices rose on Friday and were on track for weekly gains as a meeting of OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020. The additional cuts by the Organization of the Petroleum Exporting ...

Petrobras seeks swift sale of Braskem, smoother offshore auction process

LONDON (Reuters) - The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) said on Friday he wants to sell the company's stake in petrochemical company Braskem SA within a year. FILE PHOTO: A logo of Brazil's state-run ...