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May 7, 2024
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saudi aramco has been trying — about those plans? saudi aramco has been trying to _ about those plans? saudi aramco has been trying to expand - about those plans? saudi aramco has been trying to expand their . has been trying to expand their production capacity not only when it comes to crude but other segments of businesses as well, whether it is natural gas or chemicals, and that is what they have done with china, they have signed a new agreement with the chinese state company and they are hoping they would be able to draw investment from them this could go up in years to come. this is something the saudis and aramco are looking at seriously, they think there is a potential to draw in westerners, that is something the saudis had kept restricted for many years, where they were not drawing and many investors now they realise there is potential given there is the demand for them in a decade and a half, this is the time to attract investment and use this cash to expand their businesses beyond crude. that's the main thing they want to f
saudi aramco has been trying — about those plans? saudi aramco has been trying to _ about those plans? saudi aramco has been trying to expand - about those plans? saudi aramco has been trying to expand their . has been trying to expand their production capacity not only when it comes to crude but other segments of businesses as well, whether it is natural gas or chemicals, and that is what they have done with china, they have signed a new agreement with the chinese state company and they are...
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May 7, 2024
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this is aramco, saudi aramco -- it's a miss for saudi aramco, not a big surprise given the production has been curtailed since the second period of last year in line with opec-plus cuts. in the first quarter, net income coming in at 103 billion riyals, the estimates have been for shy of 106 billion. a miss in terms of the first quarter. they are also sing in terms of total revenue for the first quarter, that was slightly above first quarter revenues but it's the net income that's weaker and they will pay a dividend of 31 billion u.s. dollars, so that's important for the saudi government itself, which is the majority shareholder in saudi aramco. they will pay $31 billion dividend growth in spending targets and gas, but it's a miss when it comes to net income from saudi aramco. the defense contractor reports record order backlog thanks in part to european governments boosting defense budgets in the face of that russian aggression. joining me for an exclusive conversation. that is next in the defense space. this is bloomberg. ♪ tom: welcome back, defense contractor has reported a near
this is aramco, saudi aramco -- it's a miss for saudi aramco, not a big surprise given the production has been curtailed since the second period of last year in line with opec-plus cuts. in the first quarter, net income coming in at 103 billion riyals, the estimates have been for shy of 106 billion. a miss in terms of the first quarter. they are also sing in terms of total revenue for the first quarter, that was slightly above first quarter revenues but it's the net income that's weaker and...
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May 7, 2024
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now, both saudi aramco and bp posted record profits this time last year. let's speak now to our business editor simonjack. it tells us we are coming out of the back end of the energy crisis sparked by the invasion of ukraine by russia oil and gas supplies short of or shunned by many markets which sent prices rocketing. we are coming down from there. i think it's very unlikely that the likes of bp will ever make as much money during the dead during that 2022, 2023 period. what is interesting about the bp numbers, down 45%, this likely miss the estimates that people said they were expecting them to make profit. where as shell, similar company profile, exceeded their efforts. they have been unapologetically going hell for leather for more oil and gas production. bp has been less aggressive in that way, trying to trick to its transition plans, both as we condemn a little bet but there is tension between bp and shell shareholder saying they would like the bp strategy to be more like shell. ,., ., the bp strategy to be more like shell. ., ., ~ ., ., shell. good
now, both saudi aramco and bp posted record profits this time last year. let's speak now to our business editor simonjack. it tells us we are coming out of the back end of the energy crisis sparked by the invasion of ukraine by russia oil and gas supplies short of or shunned by many markets which sent prices rocketing. we are coming down from there. i think it's very unlikely that the likes of bp will ever make as much money during the dead during that 2022, 2023 period. what is interesting...
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May 7, 2024
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saudi aramco — the world's biggest oil company — says profits were down i4% in the first three months of the year. that's down to lower oil prices — as well as cuts in production agreed by the opec group of oil producing nations — to try and support the price of crude. here's a figure to get your head round, though. aramco says it expects to pay more than $124 billion in dividends to shareholders this year. that largely means the saudi government — which still owns more than 80% of the company. it relies heavily on aramco to finance its spending. our business correspondent in the gulf — samir hashmi — explains. saudi arabia has put in place production cuts, which have been there sincejuly 2022. and since then their profitability has taken a hit because not only has their production gone down, but even oil prices have fluctuated during this period. now, in the last three months, if you look, prices did go up briefly, but that was only for a few weeks. and after that, prices were back to where they were. the average price in the last six months. so that is why the profitabilit
saudi aramco — the world's biggest oil company — says profits were down i4% in the first three months of the year. that's down to lower oil prices — as well as cuts in production agreed by the opec group of oil producing nations — to try and support the price of crude. here's a figure to get your head round, though. aramco says it expects to pay more than $124 billion in dividends to shareholders this year. that largely means the saudi government — which still owns more than 80% of...
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May 7, 2024
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the quarterly profits fall at saudi aramco and bp, but still confirmed a $1.7 billion buyback. >>> good tuesday morning. it is a mostly green day across the board in the european markets. it's a busy week for central banks with decisions later and a heavy earnings day. we are taking a look at the stocks coming off a two-day win streak. it looks like the trend will continue up over .50%. take a look. the ftse 100 in the lead this morning following the three-day weekend with the bank holiday. the ftse is the leader. the copper trade is the leader with the ftse 100. the italian mibi moving higher. the ftse is up over 1%. ftse mib is up 1% off unicredit results. the dax is up .50% after mixed earnings reports. >>> we will move on to another earnings mover. uniper profit fell in the first quarter. it confirmed the full-year outlook targeting 1.5 and 2 billion euro. >>> siemens missed revenue in the second quarter with the sales in china missing. they adjusted ebitda of 22 million euro. >>> and fresenius confirmed guidance for the year. annette joins us more with the quarter. >> reporter: tha
the quarterly profits fall at saudi aramco and bp, but still confirmed a $1.7 billion buyback. >>> good tuesday morning. it is a mostly green day across the board in the european markets. it's a busy week for central banks with decisions later and a heavy earnings day. we are taking a look at the stocks coming off a two-day win streak. it looks like the trend will continue up over .50%. take a look. the ftse 100 in the lead this morning following the three-day weekend with the bank...
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May 31, 2024
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saudi aramco and a share sale could rival the record-breaking ipo. we have dan murphy joining us now from dubai with the latest play in the world of oil. many traders, dan, have warmed up to the idea that production cuts may be held constant if not expanded. what is the ophfeel from the mie east right now? >> reporter: dom, this comes at an interesting time with the opec plus meeting getting under way on sunday and at the same time we have big news from the biggest of bill oil. aramco confirms it seeks so raise $12 billion in a new share offer. what do we know about this? we know this was widely s spec speculated, but aramco will offer 1.5 billion shares at a range of 26 riyals or 29 riyals per share. aramco raised, we know, almost $30 billion when it listed in 2019. it hasn't tapped the market since. the second offer comes at the time where the kingdom is under significant pressure to fund all that investing it has been doing to diversify the economy away from oil. this new share offer comes when the spotlight and all of the eyes are on opec which i
saudi aramco and a share sale could rival the record-breaking ipo. we have dan murphy joining us now from dubai with the latest play in the world of oil. many traders, dan, have warmed up to the idea that production cuts may be held constant if not expanded. what is the ophfeel from the mie east right now? >> reporter: dom, this comes at an interesting time with the opec plus meeting getting under way on sunday and at the same time we have big news from the biggest of bill oil. aramco...
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May 30, 2024
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saudi arabia set to launch $10 billion share offering an oil giant aramco. online trust is set to exceed the offer amount. deal abandoned, bhp walks away from its deal for anglo american leaving the world's biggest miner to look elsewhere to expand its copper production. those are your headlines this morning. now to the markets, we have had another week treasury auction racing concern that swelling supply could drive yields up even more just when the fed is in no hurry to cut rates. this has not stocks. you can see futures on both sides of the pond pointing to a lower opening. s&p futures down 6/10 of a present. euro stoxx 50 futures down. we have the german inflation data yesterday potentially muddying the waters for the ecb. we will discuss in a moment with oliver crook. we look up the cross asset picture we could see the impact of the treasury auction on yields, four point 97 is where we are on the two-year. it did lean that you had the dollar driven higher at the expense of asian currencies as well. could we see 160 for dollar-yen before the year is out?
saudi arabia set to launch $10 billion share offering an oil giant aramco. online trust is set to exceed the offer amount. deal abandoned, bhp walks away from its deal for anglo american leaving the world's biggest miner to look elsewhere to expand its copper production. those are your headlines this morning. now to the markets, we have had another week treasury auction racing concern that swelling supply could drive yields up even more just when the fed is in no hurry to cut rates. this has...
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May 7, 2024
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two giants of the industry — bp and saudi aramco — report a drop in revenue amid lower oil prices. welcome to world business report. we begin in the us, where the troubles facing boeing have become even more serious. the us air safety regulator has opened a new investigation into the aircraft maker after boeing acknowledged that it might not have carried out proper quality inspections on its 787 dreamliner aircraft. it follows another probe earlier this year into the safety of its 737 max planes, one of which suffered a mid flight incident in which part of the wall of the plane blew out. from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when in fact they hadn't. the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding where they wings join the main body of the
two giants of the industry — bp and saudi aramco — report a drop in revenue amid lower oil prices. welcome to world business report. we begin in the us, where the troubles facing boeing have become even more serious. the us air safety regulator has opened a new investigation into the aircraft maker after boeing acknowledged that it might not have carried out proper quality inspections on its 787 dreamliner aircraft. it follows another probe earlier this year into the safety of its 737 max...
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May 7, 2024
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the world's most valuable oil company, saudi aramco, will report its latest results in a few hours. our correspondent in rihyad tells us what to expect. plus: meet the british food producers spicing up their offerings for asian buyers. we begin in the us, where the troubles facing boeing have become even more serious. the us air safety regulator has opened a new investigation into the aircraft maker after boeing acknowledged that it might not have carried out proper quality inspections on its 787 dreamliner aircraft. it follows another probe earlier this year into the safety of its 737 max planes, one of which suffered a mid—flight incident in which part of the wall of the plane blew out. from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority, has opened a new investigation into boeing after the company came forward and said some employees had committed
the world's most valuable oil company, saudi aramco, will report its latest results in a few hours. our correspondent in rihyad tells us what to expect. plus: meet the british food producers spicing up their offerings for asian buyers. we begin in the us, where the troubles facing boeing have become even more serious. the us air safety regulator has opened a new investigation into the aircraft maker after boeing acknowledged that it might not have carried out proper quality inspections on its...
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May 30, 2024
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aramco is 82% owned by the saudi government a 2 trillion-dollar valuation on the equity of this company. 100 billion-dollar, i'm sorry a 10 billion-dollar is a drop in the bucket overall with respect to the value and we both know for sally this is a major pivot in terms of transformation of the economy to a.i. in tourism and more to sports. they're looking at the ipo market or stock listing seeing that is healthy and a lot of recent ipos remain above the issuance price, therefore it's a good time to sell stock. maria: tapping into the strength, no problem, good to see you. thank you so much. david traveled joining us on markets. we'll be right back. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com craig here pays too much for verizon wireless. so he sublet half his real estate office... [ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiti
aramco is 82% owned by the saudi government a 2 trillion-dollar valuation on the equity of this company. 100 billion-dollar, i'm sorry a 10 billion-dollar is a drop in the bucket overall with respect to the value and we both know for sally this is a major pivot in terms of transformation of the economy to a.i. in tourism and more to sports. they're looking at the ipo market or stock listing seeing that is healthy and a lot of recent ipos remain above the issuance price, therefore it's a good...
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May 29, 2024
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sources say saudi arabia set to launch a secondary offering of shares in oil giant saudi aramco that could raise over $10 billion. we are told the sale could happen as soon as sunday with informal interest all purity -- already being expressed. proceeds will diversify the saudi economy away from oil. conocophillips has agreed to buy marathon. the move expands their footprint in u.s. shale. it also extends a buying spree among major u.s. and oil gas layers. marathon surged following the news. bloomberg is learned sony music is in talks to acquire queen's muted catalog which includes hits like bohemian rhapsody. sony is working with another investor on the purchase, which could total $1 billion. earlier this year sony acquired a half interest in michael jackson's catalog for at least $600 million. coming up in the next hour, our interview with the ceo of link asset management, a group that manages hong kong's first listed real estate investment trust. talking about their business strategy after the portfolio reported an earnings miss. much more to come on "daybreak: australia." this is
sources say saudi arabia set to launch a secondary offering of shares in oil giant saudi aramco that could raise over $10 billion. we are told the sale could happen as soon as sunday with informal interest all purity -- already being expressed. proceeds will diversify the saudi economy away from oil. conocophillips has agreed to buy marathon. the move expands their footprint in u.s. shale. it also extends a buying spree among major u.s. and oil gas layers. marathon surged following the news....
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May 9, 2024
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yvonne: the big question is do those mega names include the likes of didi and saudi aramco sitting a second listing choosing hong kong as a destination. she did not put emphasis on individual names but certainly there is a lot of matchmaking going on at the capital markets forum. we you have seen this warming of ties between china as well as the middle east. in particular, they want to get more saudi investors into this market to potentially replace u.s. and european investors who have shied away from this market due to geopolitical tensions. how do you get access? csop, they have one saudi etf that launched in november. we will speak to the ceo of the asset manager ding chen in a couple of minutes to talk about how things are going with that etf and what other opportunities are in store on it comes to saudi markets. haslinda: yvonne man will be right back. plenty more ahead. keep it here with us. this is bloomberg. ♪ haslinda: he told cnn that the potential loss of civilian life is quote "just wrong." >> i made it clear that if they go into her office, they haven't yet, if they go
yvonne: the big question is do those mega names include the likes of didi and saudi aramco sitting a second listing choosing hong kong as a destination. she did not put emphasis on individual names but certainly there is a lot of matchmaking going on at the capital markets forum. we you have seen this warming of ties between china as well as the middle east. in particular, they want to get more saudi investors into this market to potentially replace u.s. and european investors who have shied...
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May 9, 2024
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or even the saudi aramco second listing to this destination. so certainly there is a lot going on. the timing is pretty opportune as well. given the fact hong kong has been dealing with a pretty depressed ipo market for the past two years. they are going to need new listings in the definitely want some big names as well. and the saudis are certainly businesses ended delegates that are here are looking for more of that foreign ownership of saudi assets as well. they're looking to gain more exposure to an asia investor base. while this is all beneficial to hong kong we have to ask about the ipo pipeline. the new hong kong exchange ceo will be joining us. we are going to talk more about the measures we heard from the csrc last month to talk about encouraging firms to list here in the city. what does that exactly mean? how big of a boost cannot give the city here? haidi: how can hong kong investors gain exposure to saudi assets? yvonne: there is one etf right now. the csop, saudi etf that was launched back in november. that is the first fund of its
or even the saudi aramco second listing to this destination. so certainly there is a lot going on. the timing is pretty opportune as well. given the fact hong kong has been dealing with a pretty depressed ipo market for the past two years. they are going to need new listings in the definitely want some big names as well. and the saudis are certainly businesses ended delegates that are here are looking for more of that foreign ownership of saudi assets as well. they're looking to gain more...
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May 30, 2024
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of shares in oil giant saudi aramco as early as sunday. sources say the seo could raise $10 billion. let's bring in our reporter, stephen stapczynski. stephen, what do we know? stephen: we know it could happen quite soon. they are shopping this around and some investors from the middle east and europe are showing interest. the value would be 10 billion dollars. put that in context, the first initial offering by aramco, the share sale was about $30 billion as a company is worth a trillion dollars. so they are selling very small pieces of the company. but they are doing so because crown prince and bs, as he wants to use this money to fund other things. he is looking at ai, tech, tourism, developments that shaped the country away from mainly an oil dependent economy. that is why he is dipping back in. share prices for aramco of the initial ipo are down 10% so far this year. we have the chart here next to me. but offering -- again, maybe that is another way for them to boost the amount of capital that they have so they can look to diversify fu
of shares in oil giant saudi aramco as early as sunday. sources say the seo could raise $10 billion. let's bring in our reporter, stephen stapczynski. stephen, what do we know? stephen: we know it could happen quite soon. they are shopping this around and some investors from the middle east and europe are showing interest. the value would be 10 billion dollars. put that in context, the first initial offering by aramco, the share sale was about $30 billion as a company is worth a trillion...
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May 20, 2024
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you remember, charles, in february that was right after the saudis came out directed saudi aramco to hold production at 12 million barrels per day. previous guidance was 13 million barrels. so with, if you look at schlumberger, 80% of their revenues are upstream capital expenditures and they have about 30% exposure to the middle east and asia. so as a result of that we sold slb and we actually took those proceeds and bought taiwan semi. taiwan semi is up 20% whereas slb is up a little less than 2% over that same period of time. charles: right. i got 30 seconds to go, i share with the audience you like american express, microsoft and amazon. these are buy and holds for you right now? >> they are. charles: great work, elizabeth. thank you very much. talk to you again soon. >> thank you, charles. charles: all right, folks, s&p 500 has been on a record pace. we set a number of record finishes this year. rob luna says he sees more upside. in fact significant upside. he is here with the names you need to be a part of to ride that wave. we'll be right back. ♪. [ applause ] the day you get
you remember, charles, in february that was right after the saudis came out directed saudi aramco to hold production at 12 million barrels per day. previous guidance was 13 million barrels. so with, if you look at schlumberger, 80% of their revenues are upstream capital expenditures and they have about 30% exposure to the middle east and asia. so as a result of that we sold slb and we actually took those proceeds and bought taiwan semi. taiwan semi is up 20% whereas slb is up a little less than...
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May 30, 2024
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bloomberg reporting latest wednesday saudi aramco close to a huge $10 billion sale. into this goldman note, joe, you seem hot on. goldman sachs, two days ago, coming out long-term projection raising their global oil demand growth to 108.5 million barrels a day by the year 2030. there we go. up 2.5 million barrels a day from the prior estimate, and goldman, pretty smart guys, see significant demand acceleration until 2034, but then, joe, this is it. a long plateau. meaning they don't see any drop in global oil demand for years to come. so goldman's right. demand is going to go up considerably for about 6 million barrels a day from where we are now and then stay there for years to come. part of that is they're slowing ev adoption theory, where they see kind of ev adoption spike. everybody, early adopters who wanted one maybe already has bun. they're growing slightly, but not enough to put a major dent in global oil demand long term, because, joe, as we know, oil and we're learning. a lot of people thought use oil for gasoline. that's kind of -- no! oil demand is half o
bloomberg reporting latest wednesday saudi aramco close to a huge $10 billion sale. into this goldman note, joe, you seem hot on. goldman sachs, two days ago, coming out long-term projection raising their global oil demand growth to 108.5 million barrels a day by the year 2030. there we go. up 2.5 million barrels a day from the prior estimate, and goldman, pretty smart guys, see significant demand acceleration until 2034, but then, joe, this is it. a long plateau. meaning they don't see any...
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May 31, 2024
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aramco is the world's top oil producer and exporter — and is currently around 80% owned by the saudi government. coming up — trails of glory! the year's best movie promos compete for the golden trailer awards. around the world and across the uk, this is bbc news. to the environment now — and concerns over the sustainability claims made by companies. from today the uk's financial watchdog — the fca — brings in new anti—greenwashing rules, which could see companies fined for making misleading claims about their green credentials. an eu study has found that more than half of environmental claims made about products and services are vague, misleading, or unfounded. consultants compare ethics are warning that some 40% of large firms in the uk could be at risk of being fined for greenwashing. ceo abbie morris has been speaking to the bbc�*s sally bundock about what they can do about it. we use al to check companies' supply—chain data. so no data is publicly available — it's actually what's going on within their supply chain. based on our ai assessment, we can then work out
aramco is the world's top oil producer and exporter — and is currently around 80% owned by the saudi government. coming up — trails of glory! the year's best movie promos compete for the golden trailer awards. around the world and across the uk, this is bbc news. to the environment now — and concerns over the sustainability claims made by companies. from today the uk's financial watchdog — the fca — brings in new anti—greenwashing rules, which could see companies fined for making...
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May 20, 2024
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there, aramco has done some work with japanese companies, in terms of exporting blue ammonia and there is a lot more going on there is a lot more going on there for that in the chemical industry. it is definitely about forging a longer lasting economic ties.— economic ties. could you tell us more _ economic ties. could you tell us more about _ economic ties. could you tell us more about the _ economic ties. could you tell us more about the other - us more about the other ventures that saudi arabia will be pursuing injapan, particularly the investment coming into japan? particularly the investment coming intojapan? i particularly the investment coming into japan? i would not be surprised — coming into japan? i would not be surprised that _ coming into japan? i would not be surprised that a _ coming into japan? i would not be surprised that a lot - coming into japan? i would not be surprised that a lot of - coming into japan? i would not be surprised that a lot of the l be surprised that a lot of the energy stuff is going to be left mostly from aramco and aramco executives who alread
there, aramco has done some work with japanese companies, in terms of exporting blue ammonia and there is a lot more going on there is a lot more going on there for that in the chemical industry. it is definitely about forging a longer lasting economic ties.— economic ties. could you tell us more _ economic ties. could you tell us more about _ economic ties. could you tell us more about the _ economic ties. could you tell us more about the other - us more about the other ventures that saudi...
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May 28, 2024
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. >>> and saudi arabia is looking for a sale of aramco in one of the biggest stock deals ever it has a 90% stake and relies on the payouts heavily. >>> officials say 12 people were hurt during turbulence on the qatar flight from doha to dublin over the weekend this comes days after 100 passengers were hurt when the singapore airlines flight hit severe turbulence. >>> tesla shareholders are urged to reject the elon musk pay package by glass lewis the $46 billion in pay could dilute the holdings in tesla and in the xai startup is boosted to $6 billion. >>> and the one-time bond king, bill gross, says deficits will be pushed higher if donald trump is reelected. >>> and you see gamestop shares up 100% in the last month. >>> here is what to watch this week a busy week of retail and tech earnings and including ten s&p 500 companies and one dow come point is salesforce. we get a string of housing reports and the latest fed beige book tomorrow. >>> let's get a check of futures as we prepare to kickoff the week futures in the green across the board. the dow would open up slightly higher nasda
. >>> and saudi arabia is looking for a sale of aramco in one of the biggest stock deals ever it has a 90% stake and relies on the payouts heavily. >>> officials say 12 people were hurt during turbulence on the qatar flight from doha to dublin over the weekend this comes days after 100 passengers were hurt when the singapore airlines flight hit severe turbulence. >>> tesla shareholders are urged to reject the elon musk pay package by glass lewis the $46 billion in pay...
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May 30, 2024
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saudi arabia preparing to formally launch a secondary offering of aramco shares as soon and sunday. the deal could raise more than $100 billion and rank among the largest of its kind in recent years. the government said informal interest from investors in the middle east and europe already exceeds that amount. a check on salesforce, down more than 16% in the premarket on the sales outlook that missed estimates. they expect single-digit sales growth in the current quarter, the lowest in the two decade history as a public company where the outlook is feeling investor concern about its ability to stay relevant as the rest of the industry shifts towards ai tools. that is your bloomberg brief. jonathan: if you missed this earnings season, you get punished big time, don't you? lisa: especially if you look like your beauty as you are going to be a loser in the ai. jonathan: up next, a miscalculation at american airlines. >> we didn't find a good revenue framework and clearly the story has gone awry with the chief commercial officer leaving. jonathan: that conversation is just around the co
saudi arabia preparing to formally launch a secondary offering of aramco shares as soon and sunday. the deal could raise more than $100 billion and rank among the largest of its kind in recent years. the government said informal interest from investors in the middle east and europe already exceeds that amount. a check on salesforce, down more than 16% in the premarket on the sales outlook that missed estimates. they expect single-digit sales growth in the current quarter, the lowest in the two...
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May 20, 2024
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could you tell us more about the l you tell us more about the other ventures that saudi arabia will be pursuing in japan, particularly the investment coming into japan? i would not be surprised, a lot of the energy stuff will be left mainly to aramco and their executives who already have deep ties with japan and with japanese companies. what i would expect to see is four 26 nbs to pursue other investments, both money going into japan but also to see perhaps to kind of bring some japanese investment to saudi arabia. the saudis are really looking to diversify their economy. they would like to manufacture things, for example inside saudi arabia they would love to get toyota to open a plant in saudi arabia and other things. and what saudi arabia has to offer is land, very cheap energy resources, subsidies in terms of that, so it will be interesting to see if there are any mous that are signed as evidence of companies injapan looking to pursue economic investment in saudi arabia. also, there is a saudi money that can be invested in japanese companies, with the pif looking to really diversif
could you tell us more about the l you tell us more about the other ventures that saudi arabia will be pursuing in japan, particularly the investment coming into japan? i would not be surprised, a lot of the energy stuff will be left mainly to aramco and their executives who already have deep ties with japan and with japanese companies. what i would expect to see is four 26 nbs to pursue other investments, both money going into japan but also to see perhaps to kind of bring some japanese...