Oil market to remain oversupplied despite OPEC+ pact, says IEA
Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts as well as lower expected production by...
Explainer: Just Eat caught up in 5 billion pound festive food fight
The battle for Britain’s Just Eat, which pits investment giant Prosus against Dutch food ordering service Takeaway.com, is set to roll on through the Christmas...
Saudi Aramco tops Crown Prince’s $2 trillion goal as shares surge
Saudi Aramco topped the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares clocked up a second...
Global stocks test record highs, pound braces for election all-nighter
World shares took a fresh run at record highs on Thursday, as all the right messages from the U.S. Federal Reserve set traders up nicely...
Saudi Aramco tops $2 trillion, defying valuation sceptics
Saudi Aramco achieved the $2 trillion valuation sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as the newly-listed state-owned oil company’s shares...
China’s aviation regulator raised concerns with Boeing on 737 MAX design changes
China’s aviation regulator raised “important concerns” with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on...
Saudi Aramco touches $2 trillion market value before paring gains
Saudi Aramco’s shares jumped 10% at market open on Thursday to 38.7 riyals, implying a market value of $2 trillion, before dipping in early trade,...
Saudi Aramco shares briefly hit $2 trillion before easing
Saudi Aramco’s shares opened up 10% in their second trading session on Thursday, briefly sending the state-owned oil company’s market value above the $2 trillion...
Saudi Aramco set to hit $2 trillion market value on Thursday
Saudi Aramco’s share price jumped 10% for the second consecutive day, hitting 38.7 riyals ($10.32) in a pre-market auction, Refinitiv data showed, suggesting the company...
Wall Street, Fed prep to avoid year end disruption in repo markets
With memories of September’s historic spike in short-term funding costs still raw, Wall Street and the Federal Reserve are gearing up for another potential cash...