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.
Business & Financial News, U.S & International Breaking News
OPEC, allies agree to deepen oil output cuts
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.
Watchdog report faults EPA efforts to eliminate pollution rules for some trucks
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.
BlackRock global active equities chief to leave firm over relationship with colleague
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.
Huawei mounts legal challenge against FCC over rural carrier customers
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.
French police fire tear gas at strikers challenging Macron reform
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.
R. Kelly faces new bribery charge in Brooklyn criminal case
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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