Markets
Aramco eyeing plan to split IPO into two stages
Saudi Aramco, the world's most profitable company , may instead look to Japan's Tokyo stock exchange to host the second phase of what would be the biggest public offering in history. A domestic IPO would be followed by an worldwide one. This will be part of a two-stage process, with the firm reportedly plotting to initially list its shares at home before proceeding with an global float in eithe... [Full Article...]
Target $5tn economy, Finance Minister announces mega PSU bank mergers
She also said liquidity support to NBFCs and Housing Finance Companies has improved as the partial credit guarantee scheme has been executed. Today, she announced a slew of measures to extricate the public-sector banking sector from the crisis caused by the bad loans. [Full Article...]
Lord & Taylor sold to Le Tote for US$75 million
It has more than 200 employees. Le Tote regulars will gain access to 500 additional brands as well as categories they now can't find on the site, such as cosmetics and shoes. Under the deal, Le Tote will acquire the Lord & Taylor brand and related intellectual property, while assuming operations of 38 stores , Lord & Taylor's digital channels and the associated inventory. [Full Article...]
Treasury Yields Climb As Fears Of Trade-war Escalation Fade — BOND REPORT
The pan-European STOXX 600 .STOXX ended more than 1% higher after Italy's president asked former Prime Minister Giuseppe Conte to return to head up a new coalition of the anti-establishment 5-Star Movement and the opposition centre-left Democratic Party. [Full Article...]
Bell’s autonomous cargo drone takes its successful first flight
Bell said the aircraft can travel at 160 kph and carry to 32 kg. In the video, the APT 70 is shown using its four rotors to rise into the sky before switching to a propulsion system to go at a higher speed. The demonstration will take place as part of NASA's Systems Integration and Operationalization (SIO) demonstration activity and will include beyond visual line of sight (BVLOS) flight ope... [Full Article...]
Toyota and Suzuki partner up on autonomy with capital alliance
In addition, Toyota and Suzuki have agreed to collaborate on the development of a C-segment SUV for India, with Toyota taking on production of the Suzuki Vitara Brezza for that market. With the tie-up, Japanese automakers will be divided into three camps - the group of Toyota, joined by Mazda Motor Corp. Under the deal struck previous year, the automakers said they plan to mutually supply th... [Full Article...]
PM Narendra Modi launches 'Fit India Campaign'
But over time, we have become indifferent to fitness. He also felt that technology had contributed to a sedentary lifestyle. "Then gradually technology changed, modern means came and the person's walking was reduced". The institutes have also been directed to prepare and implement a fitness plan, incorporate sports, exercise, physical activities into the daily routine on campus, as per the latest ... [Full Article...]
Morales thanks G7 for 'tiny' Amazon aid
A almost blind, little armadillo scurries through the charred remains of its forest home before being scooped up by local veterinarian, Jerjes Suarez. Argentina, Paraguay, Peru, Chile and Spain have all offered support. A US-based Boeing 747-400 firefighting plane was sent to Bolivia last week. Political rivals accused Morales of a slow response. [Full Article...]