World News

Siemens proposes providing electricity in Iraq: CEO

“I could actually expect of which the item (doesn’t) need more than $5 billion, revolving, to rebuild their country along with also get 11,000 megawatts of modern emission-efficient electrification. of which’s a big deal,” Kaeser said. Additionally, Siemens’ proposal also includes creating tens of thousands of jobs for locals, opening a smart health clinic of which could treat up to ...

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Canada’s Barrick Gold to buy Randgold Resources in $18.3 billion deal

Simon Dawson | Bloomberg | Getty Images Mine workers pour molten gold into moulds during the refining process at the production plant for the Loulo-Gounkoto gold mine complex operated by Randgold Resources Ltd. in Loulo, Mali, on Friday, Nov. 1, 2013.  Under the terms of the deal, each Randgold shareholder will receive 6.1280 brand-new Barrick shares for each share of ...

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Apple spikes original TV shows because of violence, sex

Apple spiked a show about hip hop artist Dr. Dre’s life because the idea featured drug use, sex along with violence, the Wall Street Journal reported, highlighting the iPhone maker’s conservative approach to its nascent original content strategy. the globe’s most valuable company wants high-quality shows with big names along with wide appeal, yet the idea doesn’t want gratuitous sex, ...

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Hong Kong will be set to top global IPO market in 2018: KPMG

China Tower’s HK$54.3 billion IPO was the third quarter’s biggest deal, in addition to listings coming from so-called fresh economy companies contributed almost half of the funds raised inside quarter, KPMG said. “fresh economy” refers to sectors based on technology in addition to the internet, including e-commerce, payments in addition to various other kinds of tech companies. Hong Kong introduced ...

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Saudi Aramco CEO can’t say whether IPO will happen by 2020

Saudi Arabia had hoped to raise about $100 billion as well as attract a $2 trillion valuation for Aramco by listing shares of the company on the stock market. The plan was the cornerstone of Crown Prince Mohammed bin Salman’s effort to substantially expand Saudi Arabia’s sovereign wealth fund as well as underwrite an ambitious plan dubbed Vision 2030 to ...

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Saudi oil minister rejects Trump claim that will OPEC is usually raising oil prices 

Saudi Arabia’s oil minister rebuffed President Donald Trump’s recent accusations that will OPEC is usually pushing crude prices higher, speaking to journalists at the Joint Ministerial Monitoring Committee (JMMC) in Algiers on Sunday. Asked by CNBC’s Steve Sedgwick about the U.S. president’s remarks, Saudi oil minister Khalid al Falih replied, “that will is usually of course not true, we have ...

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Risk that will all China imports could see fresh tariffs, Goldman Sachs 

According to free trade theory, countries will produce more of, along with consume less of, a Great for which they have a comparative advantage. According to Goldman, a continued escalation in trade tensions could put that will dynamic at risk. “Economic principles suggest that will trade barriers will weigh on productivity inside longer term, as countries are forced to produce ...

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Don’t expect FANG stocks to keep carrying the rally: Larry Glazer 

He also suggested sentiment within the market was getting out of hand. “Investors are starting to feel a little bit confident here. Maybe overconfident. Maybe almost little bit invincible. in addition to, we’re starting to see some laziness creep into investment strategies,” said Glazer. “that will laziness can be precisely why at This particular moment we need the Honest Abe ...

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Gunmen attack Iran military parade, killing at least 24

Gunmen attacked an annual Iranian military parade Saturday inside the country’s oil-rich southwest, killing at least 24 people including members of the country’s elite Revolutionary Guard in addition to wounding 18 others, local media reported. No group immediately claimed responsibility for the assault in Ahvaz, which saw gunfire spray into a crowd of marching Guardsmen, bystanders in addition to government ...

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