The oil behemoth owned by the Saudi-state marked its gigantic IPO lately by entering the local market. However, analysts are seeing the corporate governance as a key risk for investors. “How do we invest in a company that … is 98% owned by the Saudi government, where the Saudi royal family calls all the shots?…
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Wall Street says that International Stocks will top US equities in the 2020. According to CNBC, the US equities have been dominating the investing industry for the past 10 years, but the said dominance would be replaced soon. As stated by some investors and strategists, the international stocks will go beyond the US equities in…
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The Saudi Arabian Oil giant Saudi Aramco, priced its IPO at 32 riyals ($8.53) per share which went beyond its indicative range, according to CNBC. In other words, the company is on its way to raise as much as $25.6 billion, according to CNBC. The state-owned Saudi Aramco’s public offering public will become the largest…
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In Order to strike a trade deal with China, it would be better to wait until the 2020 election ends, according to the president of the United States, Donald Trump. He said this on Tuesday and further stated that he has no deadline for the deal. “In some ways, I like the idea of waiting…
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During the afternoon trade, Asia stocks ascended. As Chinese manufacturing data related to factory activity went beyond the expectations, the stocks in Asia started trading higher. This was based on a private survey of Chinese factory activity in November which went beyond the expected, on Monday. Japanese stocks were the leading stocks among major markets…
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Backed by SoftBank of Japan, the Indian ride hailing company Ola is targeting its IPO process by March-end 2012, according to Reuters. According to the people with the direct knowledge of the matter, the company is planning to cut its workforce by up to 5% as part of preparations for the IPO process. Ola is…
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After a thunderous listing in Hong Kong, the shares of Alibaba started surging for the second day. Following the listing in the city, the shares of the Chinese e-commerce giant went up as much as 2.99% on Wednesday after it gained 6.6% on the first day itself. As a result, the stock price of Alibaba…
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It was a busy time for Hong Kong on Monday amidst the ongoing unrest in the city as the investor responded to Hong Kong’s district council elections. The shares in Asia gained on Monday as a result. According to Reuters, Hong Kong’s Hang Seng index had a significant growth among major markets regionally as it…
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According to consultancy IHS Markit, during the first nine months of this year, U.S. imports from Vietnam surged 34.8% year-on-year. However, in comparison, the U.S. imports from mainland China tumbled 13.4% within the same period of time China, a behemoth in the industry next to the United States, is certainly ahead of Vietnam, but seems…
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Oil prices will heavily influence on where the Russian economy is heading, according to the chief executive of the Russian Direct Investment Fund (RDIF). However, he further stated that the company’s ties with the major oil producer group OPEC (known as OPEC+) is “ready to act” if required. On the sidelines of the Russia Calling…
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