World News

Saudi Aramco international listing looks increasingly difficult

Saudi Arabia’s state-owned oil behemoth can be increasingly looking to just float locally, as plans to list on an international exchange hang inside the balance, Reuters reported, citing sources close to the matter. Saudi Aramco had planned to begin trading on the country’s domestic stock market — the Tadawul — in addition to one or more foreign exchanges inside the ...

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Larry Page-backed firm unveils autonomous flying taxi

Google co-founder as well as also Alphabet CEO Larry Page’s autonomous flying taxi company unveiled its commercial plane called Cora late on Monday. In 2016, Page invested in two flying car start-ups. One of those was Kitty Hawk, which is usually developing Cora. Last year, the company released footage of a prototype aircraft that will flew over water as well ...

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Chinese bike-sharing firm Ofo raises $866 million led by Alibaba

Chinese bike-sharing firm Ofo has raised $866 million in fresh funding led by Alibaba Group Holding Ltd, in what the item said was the largest investment garnered in an individual round by a bike-sharing startup. The latest fundraising comes as Ofo and also also also arch-rival Mobike, the biggest bike-sharing firms in China, have been expanding rapidly overseas as well ...

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US Treasury Secretary Mnuchin heckled in UCLA video

A previously withheld video has been released showing the near-constant heckling of Treasury Secretary Steve Mnuchin during a moderated talk about the economy at UCLA. The university initially balked at releasing the video, saying which Mnuchin “subsequently withdrew” his agreement for This particular to be posted online. The video shows audience members hissing at Mnuchin throughout the Feb. 26 event ...

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Mark Mobius to launch fresh emerging markets firm with sights on China

Although acknowledging potential leverage risks, he said banks have room for growth along with improved upon efficiency. In 2012, China commenced an anticorruption campaign along with last year alone saw 527,000 people punished. “This specific will be not bad for these banks, because they’re going to have to reform along with investors should do fairly well,” he said. Government policy ...

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We don’t link together US tariffs along with NAFTA negotiations

Canada’s exemption via President Donald Trump’s tariffs have nothing to do with talks on the North American Free Trade Agreement, Canadian Prime Minister Justin Trudeau told CNBC on Monday. “We don’t link together the tariffs along with the negotiations for NAFTA, however we’re happy to continue to move forward on the negotiations,” he said in an interview on “Power Lunch.” ...

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Canada’s dollar at risk even without trade issues

The loonie could be a loser, even without all of the potential volatility through North American trade issues. “The Canadian dollar is usually the most exposed through a global macro level in addition to also the local level of trade risk,” said Mark McCormick, North America head of currency strategy at TD Securities. “Outside the Fed, the Bank of Canada ...

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Apple (APPL) stock hits all time high

Apple closed at an all-time high Monday, briefly surpassing an intraday market cap of $925 billion for the 1st time. Shares closed at $181.40 — less than a percent up — however climbed above $182 in midday trading, briefly pushing the tech giant to a market cap of $925.4 billion, before closing at $922 billion. in which puts Apple more ...

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