Institutions have subscribed for 5.9 billion shares of Aramco IPO – lead bankers
Saudi Aramco has received orders worth 189.04 billion riyals ($50.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement on Tuesday.
China’s Postal Savings Bank says some retail investors opt out of mainland listing
Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing – a rare development that underscores growing concerns over problems in China’s banking system.
China capex growth hits three-year low as weak economy, trade war drag
Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed.
Alphabet’s new CEO Pichai now sole target on Google regulatory battles
Alphabet Inc’s new chief executive, Sundar Pichai, will have the hot seat all to himself as regulators around the world investigate the company, U.S. politicians demand that it be broken up, and President Donald Trump accuses it of aiding his rivals.
South Korean court upholds $873-million fine against U.S. chip giant Qualcomm
A South Korean court on Wednesday upheld a record $873 million fine against U.S. chip giant Qualcomm for unfair business practices related to patent licensing and modem chip sales.
Oil rises before OPEC+ meet, lifted by drop in U.S. crude stocks
Oil prices rose on Wednesday ahead of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market, while industry data showing that U.S. crude stockpiles fell more than expected helped to lift prices.
Shares slide as Trump raises specter of longer, wider trade war
Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement.
South Korea’s Hyundai Motor unveils plan to invest $52 billion over six years
Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday.
Oil gains ahead of OPEC+ meeting, boosted by fall in U.S. stockpiles
Oil prices rose on Wednesday in advance of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market and following industry data showing that U.S. crude stockpiles fell more than expected.
Hyundai Motor says to invest $52 billion over six years
Hyundai Motor said on Wednesday it planned to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025.
