Saudi PIF, Holders to Offer 30% Stake in Ades IPO
Saudi Arabia’s sovereign wealth fund, ADES Investments Holding Ltd. and Zamil Group Investment Ltd. plan to sell shares
2023-08-28 15:27
China’s Economic Slump Continues to Batter Old Economy Steel and Coal Sectors
China’s slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline
2023-08-28 11:27
Didi Sells Smart Car Arm to China’s Xpeng for $744 Million
Didi Global Inc. has agreed to sell its smart car development arm to Xpeng Inc. for HK$5.84 billion
2023-08-28 09:25
Sanders Urges Automakers to Reach ‘Fair’ Contract With UAW
The three biggest US carmakers should sit down with the United Auto Workers union and “negotiate a contract
2023-08-28 01:24
US Marines Taken From Darwin Military Helicopter Crash: Reports
Survivors of a military helicopter crash in Australia have been transferred to hospital following an incident involving US
2023-08-27 15:24
Saudi Arabia Signals Interest in Champions League Football Entry
Saudi Arabia is interested in discussions about joining Europe’s top football club tournament, the Champions League, as the
2023-08-27 14:48
German Inflation Trauma of 1923 Strikes an Uneasy Chord Today
By late-1923, hyperinflation had rendered Germany’s currency so worthless that one woman used several billion marks of banknotes
2023-08-27 13:54
Powell Has Bond Traders Right Where He Wants Them: Full of Doubt
Jerome Powell has the bond market exactly where he wants it: lacking conviction as to the Federal Reserve’s
2023-08-27 04:48
Indian Steel Tycoon Jindal Seeks Tariff on Imports
Indian steel tycoon Sajjan Jindal wants the government to counter American tariffs and Europe’s carbon tax with a
2023-08-26 14:23
BlackRock-Backed Puerto Rico Utility Deal Would Cut Debt by 75%
Puerto Rico’s bankrupt power utility has reached a deal with BlackRock Financial Management and Nuveen Asset Management to
2023-08-26 12:24
Country Garden’s Malaysia Project to Get New Tax Breaks, PM Says
Forest City, Country Garden Holdings Co.’s mega-development off Malaysia’s southern coast, will be designated a special financial zone
2023-08-26 10:15
Instacart’s IPO Plans Show Bottom-Line Benefit of Strategy Shift
Instacart is preparing to go public as its core grocery-delivery business is slowing and it pivots to a
2023-08-26 09:53