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Damian Wood
Bio:
Damian was a reporter for Invezz. Previously, he managed his own own small portfolio and contributed to several investment news sites. He mixes his passion for the industry and journalism to bring readers informative and trustworthy articles.
181 articles by Damian Wood
Britain’s commodities trader Tesco likely to exit Asia
Tesco, Britain’s largest retailer, is contemplating taking a step back from its initial plan to conquer the global markets. If a recent revelation is anything to go by, the commodities retailer may soon shut down its Asian operations, in Malaysia and Thailand. Tesco is celebrating its 100th an
Jan 7, 2025
China set to plough up to $10 billion in Saudi Aramco’s IPO
Chinese government companies are considering investing up to $10 billion in Aramco’s IPO, following Saudi Arabia’s call for friendly nations to participate in the mega IPO that targets to raise up to $45 billion. Beijing-based Silk Road Fund is said to be among the contenders interested in having a
Jan 7, 2025
Will it last? World’s first $2 trillion company
Saudi Aramco shareholders had yet another bullish trading day on Friday when the company’s shares closed off with a 4.55% gain. The Saudi government-owned oil firm on Thursday hit the $2-trillion mark after gaining about $300 billion in market value, adding to its already $1.7-trillion valuation. Th
Jan 7, 2025
Boris celebrates landslide win as ECM issuance receives a boost
The global capital markets last Friday showed some relief following Prime Minister Boris Johnson’s landslide win in the just concluded premiership elections. Fund managers are now setting the ground for a busy year ahead as well as several solid UK listings. Among the anticipated listings next year
Sep 26, 2024
IPO Outlook: Biggest losers of 2019
As US stocks continue to improve following last week’s ‘phase one’ trade deal between the world’s largest economies, China and the US, some newly-listed unicorns are struggling to stay afloat. But investors continue to buy IPO shares, hoping the tide will change next year. In an interview with the B
Sep 26, 2024
Hong Kong violence rattles investors, stocks drop
Last Monday shares around the world dipped as a result of the rising violence in one of South Asia’s vibrant economies, Hong Kong. The tension in the region has been pressuring Asian stocks, with Monday marking one of the worst lows since August, instantly boosting demand for safe-haven assets such
Aug 12, 2024
Protests shake Hong Kong’s IPO market, but all is not lost
The Initial Public Offering market in Hong Kong has taken a hit following a series of protests in the Asian city, plunging about 43% in proceeds this year alone. However, analysts believe that this could change. According to financial data company Refinitiv, Hong Kong has experienced a slowdown in I
Aug 12, 2024
How gold prices may hit $1,700 in just 6 months
In its latest reports, Australia and New Zealand Banking Group (ANZ) has decided to take on the challenge of determining the “unpredictable” gold prices. Interest rates, inflation, and the USD being key gold price drivers, the Australian multinational bank discovered that the fair price of an ounce
Jul 2, 2024
Real estate needs to embrace sustainability, World Economic Forum
Whichever way you choose to look at it, real estate activities materially impact the climate. A study by Global Alliance for Building and Construction shows that building and construction activities account for about 40% of energy-related carbon dioxide emissions, and are also responsible for more t
Jul 2, 2024
Oil tumbles for the sixth day as Coronavirus sends panic through oil markets
After a 2% dip on Monday, oil fell on Tuesday morning for the sixth session, extending losses as China continues to battle the Coronavirus that has sent panic through commodities markets. Oil-producing nations have raised the alarm over dwindling demand on crude as most industries in one of the larg
Jul 2, 2024
British metals tycoon to merge operations ahead of potential IPO
British Indian commodities tycoon Sanjeev Gupta told Reuters on Tuesday that he intends to merge his family’s steel operations and trade under a single name, the Liberty Steel Group. Gupta also hinted at potentially listing the new outfit in the near future. The business mogul told Reuters that he f
Jul 1, 2024
Gold plunges amidst a “modest” US-China trade deal
Thursday was an exciting day for the global markets following US President Donald Trump’s tweet saying China and the US had reached a trade deal. But just hours later, when the agreement was finally made public, the excitement started dying down due to the modesty of the deal. Gold, which had
Jun 29, 2024
Gold prices finally jump after a massive fall
Gold investors finally received some good news on Wednesday when the price of the metal jumped after Tuesday’s sharp loss. International markets reflected a 0.2% rise per ounce to $1486.53 after a 1.7% slump in the previous session, the single biggest drop in a month. Analysts attribute today’s jump
Jun 29, 2024
Online real estate investing platforms are leveling the field for ordinary investors
Planning your financial future is important, and the trick lies in understanding how to maximize returns on the amounts you invest. With the recent changes in SEC laws, ordinary investors can now take advantage of low-risk high-return real estate portfolios that were previously reserved fo
Jun 29, 2024
Trouble in paradise? Aramco shares drop below IPO price
For the very first, the share price of oil giant Saudi Aramco Oil Compay (Tadawul: 2222) has slumped below the initial public offering (IPO) price since its December mega listing. The drop that occurred on Sunday caused a 7.4% slash of the company’s value, even as OPEC’s pact with Russia
Jun 29, 2024
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