Aramco, the world’s largest oil company, set a price for its shares that marks the company’s value at $1.7 trillion.
Tag: Stocks and Bonds
Alibaba’s Hong Kong Shares Rise, Despite Protests
The Chinese e-commerce giant raised $11.2 billion, the territory’s biggest tally since 2010, showing investor enthusiasm despite worsening demonstrations.
Alibaba Raises Billions of Dollars in Hong Kong, Despite Protests
The $11.2 billion raised is the territory’s largest fund-raising since 2010, showing investor enthusiasm despite worsening demonstrations.
Saudi Aramco Sets Its Market Value at Up to $1.7 Trillion
The world’s largest oil company is providing more data for potential investors in its initial public offering, which is expected next month.
How Bad Is China’s Debt? A City Hospital Is Asking Nurses for Loans
The city of Ruzhou spent big, then used its health care workers to raise money, as local governments look for ways to keep the economy going.
Aramco’s I.P.O. Will Be Less Gigantic Than Promised
The state-owned oil giant is expected to announce soon that it plans to go public. But the stock sale will fall short of Saudi Arabia’s ambitions.
China’s Currency Moves Escalate Trade War, Rattling Markets
The trade war intensified Monday, as Beijing allowed its currency to weaken and the Treasury Department labeled China a currency manipulator.
S&P and Dow Follow Global Markets Higher, as Investors Take Heart in Trade Thaw
A resumption of negotiations between Washington and Beijing lifted markets. Still, many doubt the two sides can reach a deal anytime soon.
Drivers Start Strikes Ahead of Uber’s Blockbuster I.P.O.
A walkout by Australian drivers began a series of planned work stoppages around the world to protest wages and work conditions of ride-hailing services.
Uber Drivers’ Day of Strikes Circles the Globe Before the Company’s I.P.O.
Protests from Australia to San Francisco denounced the employment practices of ride-hailing companies. “I believe we deserve some respect and to be paid fairly,” one driver said.