Saudi Aramco’s bookrunners recommend pricing IPO at top end: sources
Saudi Aramco’s bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three sources familiar with the deal said, potentially making it the world’s biggest IPO.
Wall Street rises on renewed hopes of trade deal
Wall Street’s main indexes rose for the first time in four sessions on Wednesday, following a report that the United States and China were moving closer to signing a ‘phase-one’ trade deal.
U.S. service sector slows more than expected in November
U.S. services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages, which could revive fears about the economy’s health.
Ryanair cuts planned capacity and jobs, blames 737 MAX delays
Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing’s grounded 737 Max aircraft to service.
Barry Callebaut cites progress in helping cocoa farmers tackle child labor
Swiss cocoa products maker Barry Callebaut said on Tuesday that 26% of the farmer groups from which it sourced products in 2018/2019 had programs to prevent child labor,
Wall Street opens higher as report revives trade deal hopes
U.S. stocks opened higher on Wednesday after a report that the United States and China were moving closer to signing a ‘phase-one’ trade deal.
Peloton Christmas ad tagged ‘sexist’ on social media
Exercise bike and treadmill maker Peloton Interactive Inc’s latest Christmas advertisement has been widely criticized on social media as being “sexist” and “dystopian”.
Trump says trade talks with China going ‘very well’
U.S. President Donald Trump said on Wednesday that trade talks with China were going “very well,” sounding more positive than on Tuesday when he said a trade deal might have to wait until after the 2020 U.S. presidential election.
Trump says Huawei is a security risk as NATO seeks secure 5G
U.S. President Donald Trump said on Wednesday that Chinese telecommunication firm Huawei was a security risk after NATO said it needed secure next-generation 5G technology.
U.S. private sector job growth at six-month low in November: ADP
U.S. private-sector job growth unexpectedly slowed to its weakest pace in six months in November, and goods producers and construction firms cut jobs, a private survey said on Wednesday.
