Tuesday, 9 April 2019

Reuters Before the Bell: Aramco gets whopping $100 billion demand for landmark bond

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Tuesday, April 9, 2019
Aramco gets whopping $100 billion demand for landmark bond
Orders for Saudi Aramco's debut international bonds topped $100 billion on Tuesday, a record breaking vote of market confidence for the oil giant despite some investor concerns about government influence over the company.
Lenders seize UK retailer Debenhams, wiping out Ashley
Debenhams' lenders took control of the ailing retailer on Tuesday after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on Britain's high street.
Exclusive: Bottle maker Verallia set for possible 4 billion euros IPO - sources
Buyout group Apollo is preparing French glass bottle maker Verallia for a stock market listing later this year, in what could become one of the largest French initial public offerings of the year, people close to the matter said.
China wants to ban bitcoin mining
China's state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.
EU plans for own retaliation in aircraft dispute with U.S.
The European Union has begun preparations to retaliate over Boeing subsidies, an EU official said on Tuesday, a day after Washington listed EU products it plans to hit with tariffs in their aircraft dispute.
Trump vows to put tariffs on $11 billion of EU products
U.S. President Donald Trump on Tuesday said the United States would impose tariffs on $11 billion of products from the European Union, a day after the U.S. Trade Representative proposed a list of targeted products as retaliation for European aircraft subsidies.
Selling with the enemy: Why rival retailers embrace Amazon.com
Chico's FAS Inc warned in January that it would shutter at least 250 stores across its namesake brand, along with its White House Black Market and Soma labels.
Big Wynn? Vegas giant makes $7.1 billion play for Australia's Crown
World No. 2 casino operator Wynn Resorts made a A$10 billion ($7.1 billion) takeover approach for Australia's Crown Resorts, the target company said on Tuesday, hoping to expand its geographic reach as it faces growth hurdles in Asia.
EU executive eyeing retaliation against U.S. over aircraft subsidies
The European Commission has begun preparations for possible retaliation against Boeing subsidies, the EU executive said on Tuesday, a day after Washington drew up a list of EU imports to hit with tariffs over subsidies given to Europe's Airbus.
Oil hits five-month high above $71 on Libyan supply threat
Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply, although Russian comments signaling willingness to pump more dampened the rally.
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