Factbox: Abu Dhabi’s ADNOC attracts billions from foreign investors
Over the past three years, Abu Dhabi National Oil Company (ADNOC) has expanded its oil and gas business and quietly raised more than $19 billion in a variety of ways. See main story:
As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion
The talk’s all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds – and its efforts compare favorably.
Oil drops on doubts over demand boost from U.S.-China trade deal
Oil prices slipped on Wednesday on concerns that the Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the United States intends to keep tariffs on Chinese goods until a second phase.
What is artisanal gold and why is it booming?
A rapid rise in the price of gold since 2000 has driven millions of people to deposits in Africa, South America and elsewhere where they dig for gold using basic technology.
Race to refine: the bid to clean up Africa’s gold rush
In a refinery just outside Uganda’s main airport, workers slip bars of freshly refined gold into clear plastic bags sealed with a sticker of the national flag – black, yellow and red – and the label “Ugandan’s Treasure.”
JPMorgan first major brokerage to rate Saudi Aramco ‘overweight’
JPMorgan is the first major brokerage to initiate coverage of Saudi Aramco with an “overweight”, setting a price target of 37 riyals ($9.86) per share and saying it sees scope for an increase in the energy giant’s proposed $75 billion base dividend.
Record high stocks pause to gauge Sino-U.S. trade outlook, company earnings
World stocks eased off record highs on Wednesday and U.S. and German bond yields slipped as euphoria over a Sino-U.S. trade deal was depleted by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now.
Under fire in India, Amazon offers small business owners $1 billion olive branch
Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small businesses online in India, reaching out to some of his fiercest critics in a goodwill visit that saw him donning traditional Indian attire and fly a kite with childre…
Maersk chief warns EU antitrust policy benefits China, U.S.
Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview.
PSA names two former Renault, Nissan hires to head its DS, Citroen brands
French carmaker PSA on Wednesday appointed two executives it recently recruited from the Renault-Nissan-Mitsubishi alliance to head up its DS and Citroen brands, and named them to its global executive committee.
