Saudi Aramco's IPO will be the biggest in history, but will still fall short of the $2 trillion valuation sought by the Crown Prince. Aramco has a market valuation of $1.7 trillion, overtaking Apple as the world's most valuable listed firm.
Oil producers led by Saudi Arabia and Russia agreed on Thursday to cut output by an extra 500,000 barrels a day in the first quarter of 2020 but stopped short of pledging action beyond March.
The Trump administration failed to do a cost-benefit analysis to assess air quality or take into account the impact on children’s health when it sought to eliminate pollution limits on heavy-duty trucks with rebuilt engines, according to a report from an EPA watchdog on Thursday.
Mark Wiseman, global head of active equities at BlackRock Inc , is leaving the firm following a violation of the company's "relationships at work policy," the world's largest asset manager said in an internal memo on Thursday.
China's Huawei mounted a legal challenge against the U.S. Federal Communications Commission (FCC) on Thursday after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program.
Police fired tear gas at protesters in the center of Paris on Thursday and public transport ground to a near halt in one of the biggest strikes in France for decades, aimed at forcing President Emmanuel Macron to ditch a planned reform of pensions.
Federal prosecutors in Brooklyn on Thursday unveiled a new criminal charge against singer R. Kelly, accusing him of arranging to bribe an official as part of a scheme to recruit underage girls for sex.
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