Leading stock exchanges vie for Aramco honour

London (Bloomberg): The largest global stock exchanges have restarted efforts to court Saudi Aramco as the battle to host the world’s biggest-ever initial public offering heats up again. Top officials from London Stock Exchange Group Plc, the New York Stock Exchange and Hong Kong Exchanges & Clearing Ltd. have been actively pitching the oil giant […]

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

WASHINGTON/BEIJING: US President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. Trump’s move, announced on Twitter, came hours after China unveiled retaliatory tariffs on […]

India exempts foreign funds from super-rich tax, minister says

New Delhi: India rolled back an additional levy on foreign funds and announced other measures to boost economic growth. The enhanced surcharge on long and short-term capital gains has been withdrawn, Finance Minister Nirmala Sitharaman said in New Delhi Friday. She also announced an immediate infusion of Rs700 billion (Dh35.77 billion, $9.8 billion) set aside […]