Saudi Stock Exchange Wants Sole Listing Of Aramco Shares
Tadawul, the Saudi Arabia stock exchange is going against bourses all over the world for the sole right to list what is touted to be the world’s biggest initial public offering. Saudi Aramco, officially known as the Saudi Arabian Oil
Read MoreGreenback up on Senate approval of budget blueprint
Last week, the US Senate approved the budget plan that gives way for tax cuts. Notably, the US Republican Senator Rand Paul gave his support for the proposed tax reform bill. The dollar index (DXY), which tracks the US dollar
Read MoreWealth Management bolsters Morgan Stanley’s Q3 earnings
Aided by a 9% growth in wealth management revenue, Morgan Stanley (NYSE: MS) reported fiscal 2017 third-quarter results that crushed analysts’ estimates. The stock, which closed at $50.68 on Friday, is up nearly 17% since January and 45% after the
Read MoreRuble strengthens on improvement in Russian economy
The deadlock in Brexit talks and the ECB president Mario Draghi’s dovish stance on tapering of monetary stimulus has kept the Euro weak since August. On the contrary, the range bound movement of crude oil, between $45 and $50 per
Read MoreJPMorgan Chase beat Q3 2017 estimate, trading revenue dips 27%
Global investment banking and finance services provider JPMorgan Chase & Co. (NYSE: JPM) reported a better than anticipated fiscal 2017 third-quarter earnings and revenue on last Thursday. However, the stock continued to stay flat due to a 27% decline in
Read MoreIron ore price rout keeps the Aussie bearish
Two weeks ago many brokers predicted a downtrend forecast in the AUD/JPY pair. Furthermore, many stated that a short position may be opened near 89.40 in the currency market, with an aim to book profit near 87.80. Additionally, brokers proceeded
Read MoreIMF Criticised For Suggesting To Increase Taxes On High Earners
The International Monetary Fund (IMF) recently suggested that major economies will do well to increase their taxes on high earners as it would help them address issues of inequality and cut down their deficits. The IMF report stated that an
Read MoreGoPro turns weak as Google launches AI based camera
On the basis of an upward revision of fiscal 2017 third-quarter outlook, on September 13th , there was a predicted rally in the stock of wearable action camera manufacturer GoPro Inc (NASDAQ: GPRO). There was a desire to purchase a
Read MoreKiwi down on fall in dairy prices, political uncertainty
An unexpected widening of trade deficit in August, slowing housing market, a decline in the price of crude oil and Bank of Canada’s cautionary approach towards a rate hike has turned the Canadian dollar weak against its G10 rivals in
Read MorePayPal Investigated By FOS Due To Small Business Complaints
PayPal the global digital payment provider has come under the scanner of the Financial Ombudsman Service (FOS) after MySmallBusiness launched an investigation due to the number of customer complaints it was receiving from small business owners. MySmallBusiness noted an escalation
Read More
