newszine

Saudi Aramco asks banks to pitch for roles in IPO: sources

6 hours ago DieselGasoil Comments Off on Saudi Aramco asks banks to pitch for roles in IPO: sources
DUBAI (Reuters) – Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Read More

Airbnb records 30% growth rate in first-quarter on booking strength: source

3 days ago DieselGasoil Comments Off on Airbnb records 30% growth rate in first-quarter on booking strength: source
FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau/File Photo (Reuters) – Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the Read More

Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?

4 days ago DieselGasoil Comments Off on Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timetables. FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

4 days ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

STAR Market tech board offers hope to Chinese venture capitalists

4 days ago DieselGasoil Comments Off on STAR Market tech board offers hope to Chinese venture capitalists
SHANGHAI/HONG KONG (Reuters) – When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange. FILE PHOTO – A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the Read More

Bankruptcy filings by U.S. energy producers pick up speed: law firm analysis

5 days ago DieselGasoil Comments Off on Bankruptcy filings by U.S. energy producers pick up speed: law firm analysis
HOUSTON (Reuters) – Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Wednesday, as volatile oil and gas prices drive companies to seek protection from creditors. A total of 26 firms with debts totaling $10.96 billion Read More

Japanese Air Force One, which flew emperor and 14 PMs, up for sale for $28mn (PHOTOS, VIDEOS)

5 days ago DieselGasoil Comments Off on Japanese Air Force One, which flew emperor and 14 PMs, up for sale for $28mn (PHOTOS, VIDEOS)
Anyone with $28 million burning a hole in their pocket can now own a piece of history, as the ‘Japanese Air Force One’ which flew the emperor and 14 prime ministers on state visits is now up for sale. The former Japanese government aircraft, a Boeing 747-400, entered service in 1991, and has logged 16,332 Read More

WeWork lifts veil on finances with IPO filing

6 days ago DieselGasoil Comments Off on WeWork lifts veil on finances with IPO filing
FILE PHOTO: People stand outside a WeWork co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – WeWork owner The We Company on Wednesday filed with regulators for an initial public offering and published detailed financial statements for the first time. The preliminary filing with the U.S. Securities Read More