We summed up this week with five charts
Three years after Saudi Arabia’s crown prince, Muhammad bin Salman, suggested floating up to 5% of Saudi Aramco, the world’s biggest oil company is. It may well announce its intentions this month. It is making plans to list at first on the Tadawul, Riyadh’s stockmarket, which it would dominate, even if the company is valued well below the $2trn the prince first hoped for. Some international investors have voiced concern about a lack of liquidity on the Saudi exchange.
India’s banks have had problems for a long time. But concern is turning to panic. A run on PMC, an Indian co-operative bank, is in. PMC’s troubles have investors on edge. Shares in most listed banks have suffered and those of one, Yes Bank, have collapsed by 40% in the past month. Concern also swirls around India’s shadow banks, which back long-term loans with short-term debt; some are suffering a severe funding squeeze. Perhaps a tenth of all loans, maybe more, are dud.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PG&E stock price could fall to zero after bankruptcy hearing: analysts - Business InsiderSome Wall Street analysts think PG&E could plummet to zero after a week of blackouts and a potentially disastrous bankruptcy ruling
Read more »
AOC fires back after getting slammed for paying an average price for a haircutThe Washington Times on Wednesday ran the headline, “Self-declared socialist AOC splurges on high-dollar hairdo,” after Rep. Alexandria Ocasio-Cortez...
Read more »
Oil price jumps after missiles hit Iranian tankerEnergy prices rise after a missile strike on an Iranian tanker revived concerns about instability in the oil-rich region, though analysts say the global market is now more resilient to disruption to supplies.
Read more »
Katie Price has marriage and a baby on her mind after Kris Boyson reunionAfter Katie reunited with toyboy Kris and moved him back into her mucky mansion, she claims next year could see her walking down the aisle and having another child
Read more »
Katie Price attacked by cruel trolls over 'droopy and 'lop sided' faceKatie was attacked online, with trolls taking swipes at her appearance as she posed for a photo after a recent radio interview
Read more »
Katie Price 'thrown out of club' after boozy night out with ex Dane BowersKatie Price was seen looking worse for wear on a wild night out in London this week
Read more »