For timing of Aramco IPO, watch forward oil price curveLONDON: It’s the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing? Many industry experts are focusing on the current level of oil prices...
Lego builds foundations in China classrooms as old markets slowBEIJING/SHANGHAI: Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the classroom as well as the toy box. The firm, famous for its brightly colored bui...
Eyes wide shut: the $1.8 billion Indian bank fraud that went unnoticedNEW DELHI/MUMBAI: The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical center of one of the world’s...
In boost to reform, Saudi Arabia’s cabinet approves bankruptcy lawDUBAI/KHOBAR: Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors. Modern ba...
Asia markets edge up as investor sentiment calmsAsian stock markets mostly edged up in thin holiday trade on Monday, with Tokyo's benchmark index surging nearly two percent as investors regained some confidence. A weaker yen and continued gains on...
India’s Reliance, global tech firms to invest $9.3 billion in industrial areaMUMBAI: India’s Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Mah...