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Global Markets' Turmoil To Continue, Early Indications Point To Risk Aversion
Financial markets brace for more turmoil this week as the Russia-Ukraine conflict shows little signs of easing. At the same time, European Union nations consider joining the US in a Russian oil embargo sanction.
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TCS Completes GE's Stake Buy In TCS Saudi Arabia; Stock Edges Lower
In January, TCS had announced that it would acquire GE's stake in Tata Consultancy Services Saudi Arabia and complete the process in 3 - 6 months
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Dow Jones Dives 2,000 Points After Oil Shock
Global stocks plunged on Monday and prices for crude oil tumbled as much as 33 per centafter Saudi Arabia launched a price war with Russia.
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It's Official, Saudi Aramco Set To Rival Alibaba With IPO: 10 Things To Know
Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. With the Aramco IPO, the government of Saudi Arabia will sell a portion of its existing shares in the company. The statement from the company followed a go-ahead from the Saudi market reg...
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After Blockbuster IPO, SoftBank's Mobile Unit Falls 10% On Market Debut
Shares in Japanese telecoms giant SoftBank's mobile unit traded well below its IPO price on Wednesday in a disappointing debut on the Tokyo stock market despite raising a record amount.
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Trump Calls Adult Film Star A "Horseface", Says Senator Is "Pocahontas"
A budding diplomatic crisis with Saudi Arabia, Hurricane Michael's wreckage to clean up, stock market jitters, and... President Donald Trump's standout act Tuesday was to brand porn star Stormy Daniels "Horseface."
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Saudi Arabia Vows Retaliation If Punished Over Missing Journalist
Saudi Arabia warned Sunday it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi, as the Riyadh stock market suffered its worst plunge in years.
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Move Over Saudi. Meet Stock Investors' New Darling In The Gulf
Once overshadowed by its bigger neighbors in the Gulf, Kuwait's market has emerged as the new darling of global investors
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Musk Confirms Saudi Sovereign Fund Wants To Pull Tesla Off Market
Tesla Motors founder Elon Musk said on Monday that in late July he met with Saudi Arabia sovereign fund representatives to discuss the electric carmaker's possible exit from the stock market. Musk said in a statement posted on the Tesla Web site that the Saudi sovereign fund had first contacted him "at the beginning of 2017 to express (their) inter...
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Saudi Mass Arrests Jolt Markets But Many See Overdue Swoop On Corruption
All major Gulf stock markets slid on Tuesday on jitters about Saudi Arabia's sweeping anti-graft purge, a campaign seen by critics as a populist power grab but by ordinary Saudis as an overdue attack on the sleaze of a moneyed ultra-elite.
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Wall Street Ends Up; Defence, Tech Stocks A Boost
U.S. stocks rose on Monday, boosted by technology shares and by defence companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.
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US Markets Hit Record Highs, Buoyed By Oil Gains
Oil hit its highest in more than three weeks after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than originally agreed.
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Man Who Moved Oil With His Words Won't Talk About It Anymore
Now that he's done with his near 21-year stint as Saudi Arabia's oil minister, during which his utterances could move everything from crude to currencies and stocks worldwide, Ali al-Naimi says he doesn't want to talk about the market anymore.
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Saudi Bond Success Partly Eases Fears Over Cheap Oil Era
The Saudi currency and stock market have come under heavy pressure this year as investors bet shrunken oil revenues might push the economy into recession and eventually force authorities to abandon the riyal's peg to the US dollar.
-
Oil Prices Climb After Industry Data Shows US Stocks Draw
Crude futures fell about 3 percent on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
-
Global Markets' Turmoil To Continue, Early Indications Point To Risk Aversion
Financial markets brace for more turmoil this week as the Russia-Ukraine conflict shows little signs of easing. At the same time, European Union nations consider joining the US in a Russian oil embargo sanction.
-
TCS Completes GE's Stake Buy In TCS Saudi Arabia; Stock Edges Lower
In January, TCS had announced that it would acquire GE's stake in Tata Consultancy Services Saudi Arabia and complete the process in 3 - 6 months
-
Dow Jones Dives 2,000 Points After Oil Shock
Global stocks plunged on Monday and prices for crude oil tumbled as much as 33 per centafter Saudi Arabia launched a price war with Russia.
-
It's Official, Saudi Aramco Set To Rival Alibaba With IPO: 10 Things To Know
Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. With the Aramco IPO, the government of Saudi Arabia will sell a portion of its existing shares in the company. The statement from the company followed a go-ahead from the Saudi market reg...
-
After Blockbuster IPO, SoftBank's Mobile Unit Falls 10% On Market Debut
Shares in Japanese telecoms giant SoftBank's mobile unit traded well below its IPO price on Wednesday in a disappointing debut on the Tokyo stock market despite raising a record amount.
-
Trump Calls Adult Film Star A "Horseface", Says Senator Is "Pocahontas"
A budding diplomatic crisis with Saudi Arabia, Hurricane Michael's wreckage to clean up, stock market jitters, and... President Donald Trump's standout act Tuesday was to brand porn star Stormy Daniels "Horseface."
-
Saudi Arabia Vows Retaliation If Punished Over Missing Journalist
Saudi Arabia warned Sunday it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi, as the Riyadh stock market suffered its worst plunge in years.
-
Move Over Saudi. Meet Stock Investors' New Darling In The Gulf
Once overshadowed by its bigger neighbors in the Gulf, Kuwait's market has emerged as the new darling of global investors
-
Musk Confirms Saudi Sovereign Fund Wants To Pull Tesla Off Market
Tesla Motors founder Elon Musk said on Monday that in late July he met with Saudi Arabia sovereign fund representatives to discuss the electric carmaker's possible exit from the stock market. Musk said in a statement posted on the Tesla Web site that the Saudi sovereign fund had first contacted him "at the beginning of 2017 to express (their) inter...
-
Saudi Mass Arrests Jolt Markets But Many See Overdue Swoop On Corruption
All major Gulf stock markets slid on Tuesday on jitters about Saudi Arabia's sweeping anti-graft purge, a campaign seen by critics as a populist power grab but by ordinary Saudis as an overdue attack on the sleaze of a moneyed ultra-elite.
-
Wall Street Ends Up; Defence, Tech Stocks A Boost
U.S. stocks rose on Monday, boosted by technology shares and by defence companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.
-
US Markets Hit Record Highs, Buoyed By Oil Gains
Oil hit its highest in more than three weeks after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than originally agreed.
-
Man Who Moved Oil With His Words Won't Talk About It Anymore
Now that he's done with his near 21-year stint as Saudi Arabia's oil minister, during which his utterances could move everything from crude to currencies and stocks worldwide, Ali al-Naimi says he doesn't want to talk about the market anymore.
-
Saudi Bond Success Partly Eases Fears Over Cheap Oil Era
The Saudi currency and stock market have come under heavy pressure this year as investors bet shrunken oil revenues might push the economy into recession and eventually force authorities to abandon the riyal's peg to the US dollar.
-
Oil Prices Climb After Industry Data Shows US Stocks Draw
Crude futures fell about 3 percent on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
