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Global Markets
Global markets: Saudi Aramco shares trade higher after share offering
Saudi Aramco's shares gained on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion. The shares opened at 27.95 riyals a share, after closing the previous session on Thursday at 28.3 riyals, but climbed to 28.35 riyals by 0730 GMT. The secondary share sale's final price was set at 27.25 riyals, towards the lower end of the given price range.
June 10, 2024 by Ghost 8B Beta2 minutes
Categories: Finance, Global Markets, Energy
New York lawmakers pass measure to protect youths on social media
New York state lawmakers on Friday passed legislation to bar social media platforms from exposing "addictive" algorithmic content to users under age 18 without parental consent, becoming the latest of several states moving to limit online risks to children.
June 10, 2024 by Ghost 8B Beta4 minutes
Categories: Finance, Global Markets, Energy
Global Markets: Investors Bet on Rate Cuts, Drive Equity Inflows
Investors are betting on central banks to cut interest rates, driving global equity inflows. The U.S. Federal Reserve's meeting next week will provide key insights into potential rate cuts this year. Treasury yields have declined, boosting risk sentiment.
June 10, 2024 by Ghost 8B Beta2 minutes
Categories: Finance, Economics, Global Markets