Saudi Arabia

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Published 17/10/2017

State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. [more…]

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Published 17/10/2017

Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. [more…]

U.N. cultural agency to pick new chief after U.S. walkout

U.N. cultural agency to pick new chief after U.S. walkout

Published 13/10/2017

The United Nations' cultural agency will elect a new chief on Friday, seeking someone who can revive UNESCO's fortunes after the United States and Israel pulled out. [more…]

UK watchdog says sovereign listing plan in line with government policy

UK watchdog says sovereign listing plan in line with government policy

Published 13/10/2017

The Financial Conduct Authority said its proposals for listing state-controlled companies such as Saudi Aramco were in line with Britain's aim of London remaining a leading financial center, raising concerns about whether they were robust enough. [more…]

Oil rallies on Chinese import boost and Mideast tensions

Oil rallies on Chinese import boost and Mideast tensions

Published 13/10/2017

Oil prices firmed on Friday as strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that has already shown signs of rebalancing after years of excess. [more…]

Shaky NAFTA deal threatens Navistar`s Mexico-made exports to world

Shaky NAFTA deal threatens Navistar`s Mexico-made exports to world

Published 09/10/2017

Less than half the trucks exported from Navistar's mammoth Escobedo plant in Mexico are sold in North America but the factory's success remains tightly tied to the uncertain future of the region's NAFTA free trade deal. [more…]

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Published 09/10/2017

Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market. [more…]

China shares hit 21-month high- Turkish lira takes a dive

China shares hit 21-month high- Turkish lira takes a dive

Published 09/10/2017

Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country's service sector did little to dent optimism on global growth, while political uncertainty caused turbulence for the Turkish and British currencies. [more…]

Asia up on economic optimism before U.S. jobs report, dollar buoyant

Asia up on economic optimism before U.S. jobs report, dollar buoyant

Published 06/10/2017

Asian stocks rose on Friday and the dollar hit a seven-week peak, riding on economic optimism ahead of a U.S. job report later in the day. [more…]

Cash injection: sovereign funds target healthcare

Cash injection: sovereign funds target healthcare

Published 06/10/2017

Imagine contact lenses that monitor glucose levels for diabetics, tiny implants to tackle chronic diseases, or algorithms that crunch data to predict illness rates. [more…]