Business

Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale. The newly released figures also revealed a valuation for the company that’s between $1.6 trillion and $1.7 trillion, a figure that fell short of the $2 trillion mark Crown Prince ...

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The Dow extended its streak of ...

Alibaba chief executive Daniel Zhang has praised Hong Kong’s “bright” future as the Chinese e-commerce giant prepares to list in the embattled financial hub, reports Hong Kong. The firm, which is already traded in the US, hopes to raise up to $13.4bn (£10.4bn) in its secondary listing.That would make it the biggest share sale this year, according to Dealogic. The ...

Dhaka, Nov 14 : A total of 142 national-level tax card winners, including 75 individuals, 57 companies and 10 under other categories have been awarded by National Board of Revenue (NBR). The state revenue collection agency also awarded 521 top district-level taxpayers on the basis of highest or long-term tax payment.  Of them, 374 were selected on the basis of ...

Asian stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday agreement on the “Phase 1” deal announced last month “could happen soon.” But he warned he ...

The first-ever Bangladeshi Taka-denominated bond titled “Bangla Bond” amounting equivalent to $10 million has been listed on the London Stock Exchange (LSE) on Monday. The Bangla Bond was listed on the LSE by the International Finance Corporation (IFC), a private sector arm of World Bank, at a ring bell ceremony at 8:00 am London time, said a press release of ...

Though, India stopped exporting onions in Bangladesh, the country vows to export it to Maldives. Despite the crisis at home, Indian government has informed the Maldives that it would continue to export onions to the island nation at the same quantity as before. Maldives is wholly dependent on India for all its essential commodities, reports Times of India. The Indian ...

Saudi Arabia’s state-owned oil giant Aramco’s much-anticipated Initial Public Offering (IPO) will begin on November 17, the company’s prospectus said, without revealing the size of the stake sale or the pricing range, reports AFP. The 658-page document, released just before midnight Saturday, said the final share price will be determined on December 5 — a day after the subscriptions close ...

A landmark trade deal between the EU and Singapore, a major hub for European businesses in Asia, will go into effect on November 21, a statement said on Friday. Both sides have praised the deal as a strong rebuke to the rising protectionism that has been championed by US President Donald Trump in Washington. Export powerhouse Singapore is by far ...

Billionaire businessman Michael Bloomberg is strongly considering entering the race for the US Democratic Party’s presidential nomination. The ex-New York City mayor is concerned the current field of candidates is not good enough to beat Donald Trump in the 2020 election, his adviser says, reports BBC.The 77-year-old is expected to file paperwork this week for the Democratic presidential primary in ...