Economy 16
RIYADH, Nov 29 — Saudi Aramco has received bids for its shares totalling US$44.3 billion so far, lead manager Samba Capital said today, putting its initial public offering on track to be over-subscribed.
29 Nov 13:35 • 2 articles
Saudi Aramco IPO gets US$44.3b in bids so far, says lead manager
RIYADH, Nov 29 — Saudi Aramco has received bids for its shares totalling US$44.3 billion so far, lead manager Samba Capital said today, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5 per cent of the company’s shares for as much as...
29 Nov 13:35 • Malaymail • 302165934477261802.htmlSaudi Aramco IPO received $44.3 billion in bids so far: Samba Capital
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion
29 Nov 13:26 • Business-Standard • 1502508925168527743.htmlBitcoin (BTC) is trading up around 2% at $7,600 on the back of the European session this morning, which is where it has been consolidating for a couple of days. With the weekend looming and the month of November coming to a close, Bitcoin price action is at a critical point and is likely to result in volatility over the weekend.
29 Nov 13:53 • 2 articles
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
29 Nov 13:53 • Cointelegraph • 3050247241100885812.htmlBitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
29 Nov 13:53 • Cointelegraph • 3050247239973009165.htmlBENGALURU (Reuters) - Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging U.S.-China trade war, a Reuters poll showed.
29 Nov 13:12 • 2 articles
Global funds raise stock allocations at the expense of cash: Reuters poll
BENGALURU (Reuters) - Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging U.S.-China trade war, a Reuters poll showed.
29 Nov 13:12 • Reuters • 8334514180858909201.htmlBusiness Cycle Data And Investor Sentiment Supportive Of Higher Equity Prices
One factor impacting investor sentiment at the moment may be the fact the equity market has generated strong returns to date in 2019.With the strong equity market returns in 2019, investors seem to be
29 Nov 10:42 • Seeking Alpha • 5725634556651053030.htmlOil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among Opec and its allies next week.
29 Nov 12:28 • 2 articles
Oil to be stuck in a rut in 2020 as slowing demand fuels glut
Opec unlikely to opt for deeper output cuts.
29 Nov 12:28 • Moneyweb • 1092550947604242629.htmlOil to be stuck in a rut in 2020 as slowing demand fuels glut: Reuters poll
(Reuters) - Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week.
29 Nov 11:02 • Reuters • 8334514180170824205.htmlBEIJING — Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions.
29 Nov 12:27 • 3 articles
Asian shares slide on weak Japan data; US markets closed
BEIJING — Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions.
29 Nov 12:27 • Manila Bulletin Business • 8374351514602970679.htmlWorld shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a "Black Friday" sell-off, and with U.S. traders largely out for a long weekend.
29 Nov 12:51 • NEWS wpxi.com • 7786541638280347692.htmlWorld shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a Black Friday sell-off, and with U.S. traders largely out for a long weekend.
29 Nov 12:51 • WFXT • 6395891952509430609.htmlIndia’s economic growth contracted to 4.5% in the July-September quarter as consumption failed to revive and private investment remained stagnant, government data showed on Friday. This is the slowest growth rate in more than six years, and the sixth straight quarter of slowdown. In the current GDP series, the lowest growth rate was 4.3% recorded in the fourth quarter of the 2012-’13 financial year.
29 Nov 12:16 • 3 articles
India’s economic growth falls to 4.5% in July-September quarter – the slowest in over six years
This is the sixth straight quarter of slower growth. The GDP grew just 5% in the April-June quarter.
29 Nov 12:16 • Scroll.in • 8669301693808318950.htmlGDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct
Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year
29 Nov 14:15 • Business-Standard • 1502508926227077268.htmlIndia's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years
Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown
29 Nov 12:05 • Business-Standard • 1502508925418997788.htmlThe Indian rupee opened on a weak note and fell 11 paise to 71.73 against the US dollar in early trade on Friday, as investors traded the cautious path ahead of the release of GDP data.
29 Nov 10:15 • 2 articles
Rupee slips 11 paise to 71.73 against USD ahead of GDP
India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.
29 Nov 10:15 • Deccan Herald • 2027555796297658221.htmlRupee slips 12 paise to 71.74 against US dollar ahead of GDP data
On a weekly basis, the domestic unit has lost 3 paise.
29 Nov 12:05 • The Hindu • 6679535026190984478.htmlDHFL is one of the biggest defaulters in the country that owes over Rs 1 lakh crore (over $14 billion) to its debtors
29 Nov 12:30 • 2 articles
RBI files insolvency application against debt-laden DHFL
DHFL is one of the biggest defaulters in the country that owes over Rs 1 lakh crore (over $14 billion) to its debtors
29 Nov 12:30 • Business Today • 1145527430828302296.htmlIn a first, RBI sends DHFL to NCLT for debt resolution
India Business News: The Reserve Bank of India (RBI) on Friday sent the troubled mortgage lender Dewan Housing Finance (DHFL) for bankruptcy proceedings, making it the fir
29 Nov 10:58 • The Times of India • 6060938664314227164.htmlSEOUL (Reuters) - North Korean leader Kim Jong Un expressed “great satisfaction” over the latest test of a large multiple-rocket launcher, state media said on Friday, a launch that experts said showcased improving performance by the system and its crews.
29 Nov 10:04 • 2 articles
North Korea's Thanksgiving Day test shows improving speed for missile crews
SEOUL (Reuters) - North Korean leader Kim Jong Un expressed “great satisfaction” over the latest test of a large multiple-rocket launcher, state media said on Friday, a launch that experts said showcased improving performance by the system and its crews.
29 Nov 10:04 • Reuters • 8334514181122338087.htmlN Korea's Thanksgiving Day test shows improving speed for missile crews
North Korean leader Kim Jong Un expressed “great satisfaction” over the latest test of a large multiple-rocket launcher, state media said on Friday, a launch that experts said showcased improving performance by the system and its crews.
29 Nov 14:43 • Bdnews24 • 8119004129585573793.htmlThere's less than 12 months to go before the 2020 World Expo in Dubai opens its doors.
29 Nov 10:28 • 2 articles
Expo 2020 Dubai calls itself 'the world's greatest show': So what can you expect?
There's less than 12 months to go before the 2020 World Expo in Dubai opens its doors.
29 Nov 10:28 • ZDNet • 591556591878166313.htmlExpo 2020 Dubai calls itself 'the world's greatest show': So what can you expect?
There's less than 12 months to go before the 2020 World Expo in Dubai opens its doors.
29 Nov 10:28 • ZDNet • 591556592246922822.htmlNew World Fund Inc on Friday offloaded more than 1 crore shares of Adani Ports and Special Economic Zone Ltd for over Rs 401 crore in an open market transaction.
29 Nov 14:20 • 2 articles
New World Fund sells over 10 mn shares in Adani Ports worth Rs 401 cr
As per September 2019 shareholding data, New World Fund Inc was a public shareholder of Adani Ports and held 2.07 per cent stake
29 Nov 14:20 • Business-Standard • 1502508926305739129.htmlNew World Fund sells Adani Ports shares worth Rs 401 crore
Bulk deal data on the BSE showed that 1,06,87,163 scrips were sold at an average price of Rs 375.34 apiece.
29 Nov 14:53 • The Economic Times • 7653256037683284133.htmlSnapping its two-day record-setting streak, market benchmark BSE Sensex tumbled 336 points on Friday as investors turned jittery ahead of GDP data release.
29 Nov 11:04 • 3 articles
Sensex tumbles 336 points ahead of GDP data
NSE Nifty also settled 95.10 points down.
29 Nov 11:04 • The Hindu • 6679535026155701818.htmlSensex tumbles 336 points ahead of GDP data
Yes Bank was the top loser in the Sensex pack, shedding 2.50 per cent, followed by HUL that fell 2.37 per cent, M&M 2.12 per cent, SBI 2.03 per cent, Tata Motors 2.03 per cent and Vedanta 1.97 per cent.
29 Nov 11:16 • The Indian Express • 2885715103791039839.htmlSensex tumbles 336 pointts ahead of GDP data
The 30-share Sensex pared some losses, ending 336.36 points or 0.82 per cent lower at 40,793.81.
29 Nov 14:27 • Deccan Chronicle • 7881006363111177782.htmlChristmas is almost here, and so the battle of the touching videos on social media begins…
29 Nov 14:48 • 2 articles
Singtel’s Christmas film is about an entitled teen who must have the latest phone – and we can probably all relate
Christmas is almost here, and so the battle of the touching videos on social media begins…
29 Nov 14:48 • Business Insider Malaysia • 8325046884050300840.htmlSingtel's Christmas film is about an entitled teen who must have the latest phone - and we can probably all relate, Business Insider - Business Insider Singapore
Business Insider - And so the battle of the touching videos on social media begins.... Read more at businessinsider.sg
29 Nov 14:48 • www.businessinsider.sg • 5090408757465870248.htmlNew Delhi: The Securities Appellate Tribunal (SAT) on Friday asked market regulator Sebi to look into the issue of clarification sought by Karvy Stock Broking with regard to usage of power of attorney given by clients.
29 Nov 14:12 • 2 articles
SAT asks Sebi to look into Karvy's plea on power of attorney issue
Sebi on November 22 had barred Karvy from taking new clients in respect of its stock broking activities.
29 Nov 14:12 • The Economic Times • 7653256037974409786.htmlKarvy case: SAT asks Sebi to review limited use of power of attorney issue
Sebi's directive had come after the National Stock Exchange forwarded a preliminary report to it on the non-compliances observed with respect to pledging/misuse of client securities by Karvy
29 Nov 14:00 • Business-Standard • 1502508925147962679.htmlChina’s GDP data release always generates great market excitement despite rarely straying more than 25 basis points below or above the government target. This stability has led a number of analysts to propose their own measures, typically based on a variety of Chinese proxy data but, in the end, not that different from the official numbers. In this article I argue that, based on the performance of countries comparable to China, the latter’s GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy. That being said, China has one of the highest levels of corporate debt in the world and slower growth implies greater risks of financial instability.
29 Nov 11:31 • 2 articles
China’s true economic growth could be half of what everyone thinks
China’s GDP data release always generates great market excitement despite rarely straying more than 25 basis points below or above the government target. This stability has led a number of analysts to propose their own measures, typically based on a variety of Chinese proxy data but, in the end, not that different from the official numbers. In this article I argue that, based on the performance of countries comparable to China, the latter’s GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy. That being said, China has one of the highest levels of corporate debt in the world and slower growth implies greater risks of financial instability.
29 Nov 11:31 • Business Insider Malaysia • 8325046884164786361.htmlChina's true economic growth could be half of what everyone thinks, Business Insider - Business Insider Singapore
Business Insider - GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy.. Read more at businessinsider.sg
29 Nov 11:31 • www.businessinsider.sg • 5090408757580355769.htmlWarren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fuelled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.
29 Nov 15:25 • 3 articles
Warren Buffett gets outbid by private equity amid Berkshire's 'elephant-sized' deal hunt
While Buffett is still on the prowl, he may not be willing to outbid private equity firms flush with money
29 Nov 15:25 • Financial Post • 2379081491761309552.htmlBuffett outbid by private equity in Berkshire’s big deal hunt
Apollo Global Management tops Berkshire's share bid for technology distribution company.
29 Nov 15:28 • Moneyweb • 1092550947099261803.htmlBuffett outbid by private equity in Berkshire's big deal hunt
Warren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fueled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.
29 Nov 15:02 • BNN • 3833521689243105659.html