Global stocks strain for record high on tantalising trade hopes
World shares made another push for an elusive record high on Wednesday after U.S. President Donald Trump said Washington and Beijing were in the final throes of inking an initial trade deal.
Abu Dhabi sovereign fund weighs investment of at least $1 billion in Aramco IPO: sources
Abu Dhabi Investment Authority (ADIA) is weighing an investment of at least $1 billion in the initial public offering (IPO) of Saudi Aramco, which is relying mainly on Saudi Arabian and Gulf investors to raise up to $25.6 billion, five sources familiar…
Kuwait’s KIA plans to invest in Aramco IPO – two sources
Kuwait Investment Authority (KIA) plans to invest in the initial public offering (IPO) of Saudi Aramco, two sources familiar with the matter told Reuters on Wednesday.
Manchester City owner scores $4.8 billion price tag with stake sale
Manchester City’s Abu Dhabi-controlled owner has agreed to sell a $500 million stake to U.S. private equity firm Silver Lake, making it the world’s most valuable soccer group with a $4.8 billion price tag.
BAT says U.S. vaping slowdown will lead to slower growth in e-cigarette business
British American Tobacco , the world’s no. 2 tobacco company by revenue, said on Wednesday a slowdown in the U.S. vaping market would result in slower growth in revenue from its “new categories” business that sells vaping products.
IKEA to invest 200 million euros in race to turn ‘climate positive’
IKEA, the world’s biggest furniture group, said on Wednesday it would spend around 100 million euros ($110 million) to support direct suppliers as they switch over to renewable energy use.
Exclusive: China’s ByteDance moves to ringfence its TikTok app amid U.S. probe – sources
ByteDance has stepped up efforts to separate its social media app TikTok from much of its Chinese operations, amid a U.S. national security panel’s inquiry into the safety of the personal data it handles, people familiar with the matter said.
Oil eases on growing U.S. stockpiles; U.S.-China trade deal hopes check losses
Oil slipped on Wednesday after an industry report showed a surprise build-up in U.S. crude inventories, but optimism surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger slide in prices.
Manchester City owner draws $500 million investment from private equity firm Silver Lake
U.S. private equity firm Silver Lake has agreed to invest $500 million in the owners of English soccer champions Manchester City, valuing the Premier League club’s owner at $4.8 billion.
BHP’s Henry signals new technology a focus in first speech
Incoming BHP Group Chief Executive Mike Henry said the world’s biggest miner is prioritising new developments in technology to cut costs and improve safety, including collaborations with tech start-ups and researchers.
