Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo BENGALURU (Reuters) – A probe into Goldman Sachs Group Inc’s (GS.N) credit card practices has been initiated after tweets from a tech entrepreneur alleged gender... Read More

Saudi Aramco prospectus flags risks, gives few details on IPO size

Saudi Aramco prospectus flags risks, gives few details on IPO size
DUBAI (Reuters) – Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday. FILE PHOTO: The Saudi Aramco logo is pictured at the company’s oil facility in Abqaiq, Saudi Arabia,... Read More

Saudi Aramco confirms to sell 0.5% to retail investors, lockup period for government

Saudi Aramco confirms to sell 0.5% to retail investors, lockup period for government
FILE PHOTO: The Saudi Aramco logo is pictured at the company’s oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS/Maxim Shemetov/File Photo DUBAI (Reuters) – State-owned Saudi Aramco will sell 0.5% of its shares to individual shareholders and the government will have a lockup period of at least six months on further share sales after the initial public offering,... Read More

Siemens CEO deplores admiration for ‘pot smoker’ after deputy praised Elon Musk

Siemens CEO deplores admiration for ‘pot smoker’ after deputy praised Elon Musk
FRANKFURT (Reuters) – Siemens (SIEGn.DE) Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. FILE PHOTO: Siemens CEO Joe Kaeser looks on before visit of German Chancellor Angela Merkel at the company’s plant in Goerlitz,... Read More

Saudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO: sources

Saudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO: sources
DUBAI (Reuters) – Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo The Saudi... Read More

Alibaba hires more banks on up to $15 billion listing – sources

Alibaba hires more banks on up to $15 billion listing – sources
FILE PHOTO: A logo of Alibaba Group is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, Oct. 20, 2019. REUTERS/Aly Song/File Photo HONG KONG (Reuters) – Alibaba has extended its investment banking syndicate as it works towards a $10 billion to $15 billion listing in Hong Kong at the end of the month, according to three... Read More

EU heavyweight states push for joint supervisor against money laundering

EU heavyweight states push for joint supervisor against money laundering
BRUSSELS (Reuters) – The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks. In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia said the 28-country EU needed a “central... Read More