Saudi Aramco’s shares have surged on their second day of trading publicly and this pushed the record IPO of the kingdom to a valuation that stands at the mammoth amount of $2 trillion and has touched briefly the target which has for long been held by the Crown Prince Mohammed bin Salman for…
Author: Ralph Felix
China’s November Foreign Exchange Reserves Fall More Than Expected
Foreign exchange reserves of China fell by $9 Billion in November to $3.096 Trillion. The data was released by the Central bank on Saturday. Analysts have assumed that the foreign reserves for China would fall by around $4 Billion to $3.101 Trillion in November. Despite the ongoing trade dispute against the US, the…
Congress Inaction Forces Liability For Black Lungs Fund To Taxpayers
The taxpayers are going to bear a cost of a minimum $15 Billion by the year 2050 as per a new report due to the cut of tax to coal companies being made to fund a trust that is being made for the miners who are sick. The excise rate of tax on…
Stocks Fall On Early Trade Due To Trade Negotiation Uncertainty
The stocks in the United States had fallen at the beginning of the trade on Tuesday in the wake of the uncertainties over the trade negotiations between the United States after the report that came out of the White House said that it is going to delay the import tariff implementation on the…
Surge In Construction Prices In China Due To Stimulus Measures
In China, there is a surge in the construction material prices and this suggests that the stimulus measures from Beijing have been able to successfully boost the activity of building and, at the same time, they have raised the fears that the country is going to start a few more projects that are…