Market News

The world’s most valuable company, Saudi Aramco, applied greenshoe option offering to raise their capitalisation by 450 million dollars. A greenshoe option is an over-allotment option. Greenshoe option is used during public offering, if the demand for a security issue proves higher than expected. It gives underwriter the right to sell more shares to investor...

Aramco Announced Sunday that its initial public offering raised an additional 450 million shares, raising the size of its IPO $3.8 billion to a total of $29.4 billion. The oil giant initially raised a then-record $25.6B in its IPO in December by selling 3B shares at 32 riyals ($8.53). The company officials said it had...

There are many analysts who expect price of the black gold worse than in 2019. If it happens, the price will have impact on the global economy. Problems with demand we can see on the OPEC’s policy by cutting the production. Last cut which have affect from January 1 reduces the production by 500 000...

Investors and traders are now looking to the release later in the day of US jobs figures for a better idea about the state of the world’s top economy. Economists expect it to show employers added 160,000 jobs last month. They also forecast the unemployment rate to hold at a low level of 3.5%. On...

American president Donald Trump yesterday spoke that United States won’ response on Iranian attack by attacking back. On the other side he chose to answer by embargo on exporting Iran’s oil only because they didn’t t hurt any U.S. soldier in Iraq. Positive factor for the markets is that China's Vice Premier Liu He ‘’Phase...