Market News

When Crown Prince Mohammed bin Salman stated in early 2016 that he was planning to list Saudi Aramco (officially Saudi Arabian Oil Company) shares on a stock exchange, investors' enthusiasm was great. Nevertheless, almost four years have passed since then and the largest oil company in the world has not yet made an initial public...

Wells Fargo has at least found a new Chief Executive Officer. Wells Fargo has named Charles Scharf, Bank of New York Mellon’s chairman and CEO, as its president and CEO. Scharf began his career in finance as a mentee of Jamie Dimon, following him all the way from serving as his personal assistant at Commercial...

It wasn't just this week about bad information from german economy. It is getting worse and worse despite of more and more stimulus from ECB (QE and rate cut). If this could work or not we will see another quartal. But now, the numbers are bad, but no-one cares because stimulus are on the way......

According to the Sun, DRONE attacks on the world's largest oil plant in Saudi Arabia has sent oil prices rocketing by 15 per cent — the one of the biggest jump ever.Experts claim the attacks are the "equivalent of 9/11" to the global oil industry, with Brit motorists hammered at the petrol pump with an...

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of...