Stock markets - world
Saudi Aramco’s 2018 net income zooms to $111.07 billion
12 Jun 2019
Saudi Aramco, the world’s largest integrated oil and gas company producing one in every eight barrels of crude oil globally, said its earnings before interest, taxes, depreciation and amortisation for the year stood at SAR 839 billion ($224 billion) while its return on average capital employed stood at 41 per cent
Airtel Africa plans London listing to cut $16 billion debt
29 May 2019
With a debt load of more than $16 billion and falling revenue and market share at home Bharti Airtel is looking at its African business to stay put
Microsoft Jan-Mar FY19 net income rises 19% to $8.8 bn
26 Apr 2019
Boosted by cloud business that grew at around 75 per cent and the more than expected earnings growth Microsoft also emerged a trillion dollar company, beating rival Amazon to the third place
Saudi Aramco’s initial bond issue gets $100 billion order
09 Apr 2019
While reports say the bond issue is intended to raise cash for Aramco’s $69.1 billion acquisition of Saudi Basic Industries Corporation, the Saudi oil giant with core earnings of $224 billion last year and $86 billion in free cash flow at the end of 2018, does not need to borrow
Euronext hints at sweetening offer for Oslo Bors
06 Feb 2019
SEC sues Elon Musk for fraud, seeks his ouster as Tesla chief
28 Sep 2018
In its lawsuit, the US regulator said Musk calculated the $420 price per share, at a 20 per cent premium over that day’s closing share price and that the number’s slang reference to marijuana and hints in emails and text messages pointed that it was only intended to impress his girlfriend
The 'invisible hand' doesn't control markets
31 Aug 2018
Apple reports $53.3 billion Q3 revenue boosted by global iPhone sales
02 Aug 2018
For fiscal fourth quarter, Apple expects revenue to be between $60 billion and $62 billion as the company races towards the trillion-dollar valuation mark with iPhone and services providing fuel
Vedanta chairman's family trust offers to buy rest of company
03 Jul 2018
Volcan Investments, a trust operated by Vedanta Group chairman Anil Agarwal’s family, has offered to pay 825 pence per Vedanta share, against the London listed stock's closing price of 646.8 pence on Friday