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Deepen oil cuts to boost Aramco IPO, Saudi to OPEC+

Persian Gulf officials said that Saudi Arabia would be vouching for augmentation of oil supply cuts through to the end of June 2020 in a stakeholder meeting set to be held this Thursday and Friday. As we approach this week’s...

European stocks rise on PMI, Germany’s Fiscal Boost Hopes

On Monday, the European stocks advanced following the release of robust Chinese economic data. According to the data, China seems to be bouncing back after ending with a 2.7% gain in November. The Stoxx Europe 600 SXXP, +0.33% gained 0.5%...

All good: Bitcoin Fund to proceed with IPO

Investment fund manager 3IQ Corp on Thursday announced it had filed The Bitcoin Fund’s Initial Public Offering (IPO) prospectus. The Ontario Securities Commission (OSC) received the prospectus dated Nov. 27 having previously rejected it. Details of the filing indicate that...

Aramco retail offer closes as IPO bids hit $44.3 billion

Saudi’s oil giant Aramco has so far attracted 166 billion Saudi riyals ($44.3 billion) through its Initial Public Offering. The bids are drawn from retail and institutional investors, and the company has so far closed deals amounting to 177% more...

Daimler to cut 10,000 jobs in the next three years

The German multinational automotive corporation, Daimler, announced on Friday that it plans on cutting as many as 10,000 jobs in the upcoming three years. The company cited dwindling sales and its intent of making a rather sizeable investment in electric...

Largest IPO of 2020? SBI Cards plans to raise $1.25 billion

India’s largest public-sector lender State Bank of India (SBI) has announced plans to issue an Initial Public Offering (IPO) next year. The bank submitted its IPO prospectus to the market regulator Securities Exchange Board of India (SEBI) this week and...

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