Saudi aramco has completed the biggest share sale of all time its much awaited i. P. O. Raise 25600000000. 00 for just 1. 5 percent of the saudi oil producer is the company at a total of 1. 00 trillion dollars its short of crown Prince Mohammed bin salmonds target of 2 trillion but nevertheless confirms the ranko as the most valuable company in the world. Mainly relied on domestic and regional investors after there was limited interest from further afield. On that lets bring in ashutosh pun day we can understand bit more about this so 25600000000. 00 seems like an enormous amount of money is it in this context. Well not really if you as the saudi prince here remember he was definitely expecting to raise 100000000000. 00 from this offering now is just a quarter of that and evaluation as you mentioned 2 trillion dollars its 1. 7 trillion so definitely he would be a very happy man but if you asked the Global Traders they would say that its over prized they are betting the valuation any an
Business in china but the government is not always sharing in the fun. Welcome to g. W. Business in bed. Saudi aramco has completed the biggest share sale of all time its much awaited i. P. O. Race 25600000000. 00 for just 1. 5 percent of the saudi oil producer that values the company as a total of 1. 00 trillion dollars its short of crown Prince Mohammed bin sounds targeted 2 trillion but still confirms around co as the most valuable company in the world. Mainly relied on domestic and regional investors after a limited interest from further afield well only on that lets bring in ashutosh pun day we can understand more about this or 25600000000. 00 seems like an enormous amount of money is it in this context but not really if you as the saudi prince here remember us definitely expecting to raise 100000000000. 00 from this offering now its just a quarter of that and evaluation as you mentioned 2 trillion dollars its 1. 00 trillion so definitely he would be a very happy man but if you as
So you only pay for what you need. Thats whats happening. We should also tell you about its a different kind of Wireless Network hong kong, which is also affecting the trade fight. Designed to save you money. Save up to 400 a year on your wireless bill. Saturday, widespread violence, police used a new weapon, blue plus get 250 back when you buy a new samsung note. Dye, to identify protesters click, call or visit a store today. Along with tear gas from the riot police and burning barricades from the demonstrators. Ominously, chinas state media today says the end is coming. We dont know how beijing will end it but that is ominous indeed. Then theres dorian. Devastating the bahamas, hovering, barely moving and its future track uncertain. That makes it very tough for the authorities trying to get a handle on evacuations. Bottom line, dorian will be a threat for much of this week. We are going to show you how and where its now hitting florida. Varney company is about to begin. Stuart let me
His skin color. San bruno Police Arrested these three for hate crimes. It happened yesterday in san bruno. The victim, who is an africanamerican man says the family assaulted him and threatened to kill him while he was visiting his hispanic girlfriend. Police say the suspects are part of the girls family. The suspect believes they were motivated by racial hate. But family members say the person was in a closet when they got home. An arrest has been made in a triple shooting. According to the Sheriffs Office the shooting happened i 1 saying his roommate shot him that his roommate had body armor. When deputies arrived they found three men in the home suffering from gunshot wounds. One has lifethreatening injuries. They found the hand gun but not the shooter. Authorities began searching for the suspect. According to chp, the suspect was tracked to the east bay. Authorities arrested 25yearold trey holman in antioch this afternoon. A followup to the wildfire burning in shasta county. Firefi
For equities you got stocks trading heavy bank of america says Fund Managers are overweight. Tech the most since 2021. Is there even cash left to buy any dip here from new york, im alex deal with my cohost in london, guy johnson. Welcome to bloomberg markets. Not as intense as it was a few hours ago, but were definitely seeing a strong up risk off kind of move within the market. Diy and holding up those are two things you never want to hear in the same sentence because it really does. To be honest, im just talking about from personal experience. The consumer thing i think is fascinating. Look at what is happening. You got strong wage data out of the uk, youve got marks and spencer, a stalwart of the british high street, coming out and announcing really strong results on your side of the pond. Home depot back to the to the diy thing. The numbers look good. Yeah. Structurally, i think theres a long term positive story, but what but a couple of things. I mean, one, gasoline prices are qui