Saudi Arabia’s Kingdom Holdings to Invest Money from Careem Sale in Europe
The sale of middle-eastern ride-hailing company Careem for $3.1 billion to Uber has proven to be one of the biggest acquisitions this year, and considering the fact that the American…
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Yields, Equities on a Spiral, Gold High
Gold prices reached a one month high as the demand for it increased as a safe bet as equities and Treasury yields made a fall due to concerns over global…
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Aramco’s Delayed IPO Puts US Subsidiary Motiva in a Fix
The proposed initial public offering of Saudi Aramco was supposed to be the world’s first trillion dollar listing, and naturally, it would have meant more money for the Saudi owned…
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Fintech Firms and Talent Leave the UK, as Fears Over a No-Deal Brexit Continue to Haunt
As the time is ticking on for Brexit, financial companies are taking precautionary measures to avoid being hurt by a no-deal scenario, in order to continue operations within the UK…
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Uber, Pinterest To Be Listed On NYSE
Two high profile companies in the internet world Pinterest and Uber which plans to go public this year have shortlisted the New York Stock Exchange to list their stocks as…
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Reliance Sells Fuel from India To Venezuela
The operator of the largest refining complex in the world, Reliance Industries has started selling fuel to Venezuela from Europe and India to go around the sanctions that ban U.S.…
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Anil Ambani Avoids Jail After Brother Mukesh Bails Him Out
Anil Ambani was bailed out of jail trouble by brother Mukesh just a day before Anil, and two other directors of Reliance Communications were headed for a three-month jail term.…
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General Motors Considering Lyft Stake Options as IPO Nears
Initial Public Offerings for startups have often proven to be extremely lucrative for early investors and so will be the case when ride-hailing company Lyft conducts its IPO next week.…
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US Sues Volkswagen and ex-CEO for Fraud over Dieselgate
The diesel emissions scandal, better known as ‘Dieselgate’, threatened to engulf Volkswagen, one of the biggest car manufacturers in the world. Although the car maker may have left it behind…
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Palm Oil in BioFuels: EU Trying to Prevent Another Trade War
In a bid to appease both the palm oil producers and the environmentalists, the European Union set new criteria for the use of palm oil in biofuels. Palm oil producers…
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