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Aramco IPO range values Saudi oil giant at up to $1.7 trillion

2 days ago NAMEX Comments Off on Aramco IPO range values Saudi oil giant at up to $1.7 trillion
DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion targeted by Saudi’s crown prince but still vying for the title of the world’s biggest IPO. A billboard display an advert for Saudi Aramco in the streets in Read More

UPDATE 1-Saudi Aramco valuation set at up to $1.7 trln, no overseas roadshows for IPO

2 days ago NAMEX Comments Off on UPDATE 1-Saudi Aramco valuation set at up to $1.7 trln, no overseas roadshows for IPO
DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion targeted by Saudi’s crown prince but still vying for the title of the world’s biggest IPO. A billboard display an advert for Saudi Aramco in the streets in Read More

Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco

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RIYADH, Nov 17 (Reuters) – “No voice is louder than that of the Aramco IPO, the largest IPO on earth,” declared Ahmed Al-Arfaj, a Saudi Arabian TV talk show host, drumming up demand for what could be the world’s biggest initial public offering. State oil giant Saudi Aramco began its repeatedly delayed share sale on Read More

UPDATE 1-Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco

2 days ago NAMEX Comments Off on UPDATE 1-Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco
RIYADH (Reuters) – “No voice is louder than that of the Aramco IPO, the largest IPO on earth,” declared Ahmed al-Arfaj, a Saudi Arabian TV talk show host, drumming up demand for what could be the world’s biggest initial public offering. A billboard display an advert for Saudi Aramco in the streets in Riyadh, Saudi Read More

Saudi Aramco IPO: Company valued at up to $1.71 trillion, may top Alibaba’s 2014 record

2 days ago NAMEX Comments Off on Saudi Aramco IPO: Company valued at up to $1.71 trillion, may top Alibaba’s 2014 record
The price range for Saudi Aramco shares published on Sunday ahead of an IPO indicates that the value of the oil giant is between $1.6 trillion to $1.7 trillion, which falls short of the initial $2 trillion target. The indicative price range for about 3 billion shares that Saudi Aramco offers is between 30 riyals Read More

Saudi Aramco valuation set at up to $1.7 trillion, no overseas roadshows for IPO

2 days ago NAMEX Comments Off on Saudi Aramco valuation set at up to $1.7 trillion, no overseas roadshows for IPO
DUBAI (Reuters) – Saudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion the Saudi crown prince had targeted but still making it potentially the world’s biggest IPO. A billboard display an advert for Saudi Aramco in the Read More

REFILE-Saudi Aramco IPO set to value company up to $1.7 trln

2 days ago NAMEX Comments Off on REFILE-Saudi Aramco IPO set to value company up to $1.7 trln
(Removes extraneous words from headline) DUBAI, Nov 17 (Reuters) – Saudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion that the Saudi crown prince had previously targeted, making it potentially the world’s biggest IPO. Aramco said on Read More

Wall Street Weekahead: Sagging consumer discretionary shares look for a spark

4 days ago NAMEX Comments Off on Wall Street Weekahead: Sagging consumer discretionary shares look for a spark
NEW YORK (Reuters) – The strength of the U.S. consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks have skipped the party for several months. FILE PHOTO: Traders work on the floor at the New York Read More

Hong Kong confirms economy fell into recession amid protests, trade war

4 days ago NAMEX Comments Off on Hong Kong confirms economy fell into recession amid protests, trade war
HONG KONG (Reuters) – Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war. FILE PHOTO: A woman crosses a street in the Central business district in Hong Kong, China August Read More

Global debt on track to exceed $250 TRILLION this year

4 days ago NAMEX Comments Off on Global debt on track to exceed $250 TRILLION this year
A new report by the International Institute of Finance (IIF) shows the world’s debt climbed by $7.5 trillion in the first six months of 2019 to a record high of over $250 trillion. It was driven by borrowings in the US and China. The IIF said that “China and the US accounted for over 60 Read More