Saudi Aramco aims to begin planned IPO on Nov. 3: sources
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
Saudi Aramco to start IPO subscription on Dec. 4: Arabiya
Saudi Aramco will start subscription for investors in its initial public offering on Dec. 4, Saudi-owned news channel Al-Arabiya said in a news flash on Tuesday citing sources.
Iran’s thirsty energy industry runs up against water shortage
The plan to build a petrochemical plant near the Iranian city of Firouzabad had everything usually needed to get a project off the ground: approval from the nation’s top authority, funding from the Revolutionary Guards and plentiful gas feedstock.
Factbox: Downstream Iranian energy projects disrupted by water crisis
Below is a list of Iranian downstream energy projects where construction has been delayed and existing facilities where operations have been disrupted due to water scarcity. [L5N26W2I0]
Three-peat? Fed copies 1990s playbook in bid to avert a downturn
In the midst of what became a golden decade for the U.S. Federal Reserve, central bankers twice in the 1990s cut interest rates in short bursts that managed to help the U.S. economy continue growing despite slowing investment and weak growth overseas.
Asia shares touch three-month top, cautious on Fed
Asian shares crept to a three-month peak on Tuesday after Wall Street hit all-time highs amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve this week.
Australian regulator files privacy suit against Google alleging location data misuse
An Australian regulator has filed a lawsuit against Alphabet Inc’s Google, accusing it of misleading smartphone users about how it collected and used personal location data, advancing a global crackdown on the world’s biggest tech firms.
Oil prices edge lower ahead of U.S. stockpile numbers
Oil prices slipped on Tuesday as investors awaited U.S. crude inventory data for a pointer on oil demand trends, while concerns about slower economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing.
California regulator to probe utilities’ mass power outages aimed at preventing fires
California regulators said on Monday they will open a formal probe of whether utilities violated any rules by cutting power to millions of residents for days as a precaution during recent periods of high winds and heightened wildfire risks.
Asia shares edge higher, eyes turn to Fed
Asian shares rose to a three-month peak on Tuesday after Wall Street hit all-time highs amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve this week.
