The slump in Aramco bonds since its unprecedented debt sale this month makes one thing clear: You can’t take the Saudi out of Saudi Aramco. With bids topping $100bn, Aramco managed to raise $12bn at lower yields than the kingdom itself
Tunisia is readying for the next instalment of its International Monetary Fund loan after months of delay, a sorely needed cash injection for a North African nation whose government is struggling to cut costs, curb inflation and boost economic growth.
European shares ended higher yesterday as short covering kicked in ahead of a long Easter weekend and strong quarterly results including those from Unilever and Nestle tempered data showing eurozone businesses unexpectedly slowed this month.
Jet Airways India Ltd, the second local carrier to ground its entire fleet in the past decade, is casting a shadow on India’s booming aviation sector.
Strategists can’t believe the European equity rally will keep going. According to the average response in a Bloomberg poll, the Stoxx Europe 600 Index is likely to fall 8.9% from Wednesday’s close, to 355 points, by the end of 2019.
Pinterest Inc’s message to investors was don’t compare us to social media or a search engine. The outcome Wednesday was that it raised about $1.4bn in an above-range initial public offering.
US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.
The top US communications regulator urged the rejection of China Mobile Ltd’s application to provide telecommunications services in the American market, opening another front in the trade fight between the world’s biggest economies.
Major automakers are bullish on the outlook for the US economy and auto sales, but one big question remains — will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25% on car and auto parts imports?
The bullish outlook of domestic institutions and foreign funds’ increased buying interests on Thursday led the Qatar Stock Exchange gain more than 40 points.
Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signalling a shift away from chasing market share at any cost ...