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Aramco hype meets reality as bonds drop despite bumper sale

Aramco hype meets reality as bonds drop despite bumper sale

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

Cash-strapped Tunisia exhales with delayed IMF loan on the way

Cash-strapped Tunisia exhales with delayed IMF loan on the way

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 rise as short covering and earnings help temper tepid PMI surveys

European shares rise as short covering and earnings help temper tepid PMI surveys

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.

Two grounded airlines in a decade calls Indian boom into question

Two grounded airlines in a decade calls Indian boom into question

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.

Glory days are over for European stocks in 2019, say strategists

Glory days are over for European stocks in 2019, say strategists

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.

Asian markets in retreat ahead of Easter break

Asian markets in retreat ahead of Easter break

Asian markets fell yesterday as investors in most countries wound down going into the long Easter break, with positive comments on the China-US trade talks and healthy Chinese growth unable to fire buying activity.

Pinterest IPO raises $1.4bn as it shuns social-media tag

Pinterest IPO raises $1.4bn as it shuns social-media tag

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, jobless claims data brighten economic picture

US retail sales, jobless claims data brighten economic picture

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.

FCC chief moves to deny China Mobile’s bid to enter US

FCC chief moves to deny China Mobile’s bid to enter US

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 fear Trump ‘grenade’ imposing tariffs

Major automakers fear Trump ‘grenade’ imposing tariffs

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?

Qatar shares extend gains on bullish outlook of domestic institutions

Qatar shares extend gains on bullish outlook of domestic institutions

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 sells longer-range A321, expects quick end to Boeing crisis

Airbus sells longer-range A321, expects quick end to Boeing crisis

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 ...

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