Deutsche Bank CEO Investing 15% of Monthly Pay in Bet on Shares
September 9, 2019
Christian
Photographer: Alex Kraus/Bloomberg

Deutsche Bank AG’s Christian Sewing is making good on a promise to put his money where his mouth is.

The chief executive officer will invest 15% of his monthly net Continue reading

Saudis Replace Aramco Chair With Wealth Fund Boss Before IPO
September 9, 2019
Khalid
Photographer: Stefan Wermuth/Bloomberg

Saudi Arabia removed Energy Minister Khalid Al-Falih from his position as Chairman of Saudi Aramco, the second time his role has been scaled back in less than a week, as the government Continue reading

U.S. Stock Futures Drop as Trade-Talk Doubts Swirl: Markets Wrap
September 9, 2019

U.S. equity futures fell as Chinese and American officials struggled to schedule a planned meeting this month to continue trade talks. The pound slumped with the U.K. facing a showdown in Parliament over delaying Brexit again.

Contracts on the three Continue reading

Tesla Board WeighsMusk’s Go-Private Gambit Doubted by the Market
August 29, 2018

Wall Street and Washington have the same question for Elon Musk: Where’s the money?

Two days after he vowed on Twitter that he had “funding secured” for a spectacular $82 billion deal to take Tesla Inc. private, he has offered Continue reading

U.K. Housing Market Stays Subdued as Brexit, Rates Deter Buyers
August 26, 2018

The U.K. housing market remained listless in July as Brexit uncertainty intensified and Britons braced for an interest-rate increase from the Bank of England, according to the Royal Institution of Chartered Surveyors.

Prices and sales stagnated and property values Continue reading

Saudi Investment Freeze Doesn’t Amount to Much in Canada
August 22, 2018

The decision by Saudi Arabia to halt new investments and unload assets in Canada is likely to have limited impact.

Saudi assets in Canada are confined mainly to stakes in upscale hotel operators, some small stock holdings in companies like Continue reading

Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite
August 21, 2018

The summer holiday in the bond market may be a long one for Turkey.

New dollar issuance, including government and corporate-sector bonds, has dried up, with no sales recorded since April, according to data compiled by Bloomberg. And with corporate-bond Continue reading

Yuan Gains After PBOC Move, Asian Stocks Climb: Markets Wrap
August 21, 2018

The yuan extended gains following a rally triggered by a surprise China central bank move to make it more expensive to bet against the currency. Asian stocks advanced Monday as the earnings seasons rolls on.

The offshore yuan built on Continue reading

As Tesla ConsidersGoing Private, Wall Street Wonders How
August 14, 2018

Elon Musk might have a clear plan for taking Tesla Inc. private. Analysts aren’t convinced.

Reactions to the chief executive officer’s tweet Tuesday that he was considering going private have widely varied on Wall Street. While some analysts say the Continue reading

Snap Revenue Beats on Mobile-Ad Demand; Alwaleed Takes Stake
August 12, 2018

Snap Inc.’s second-quarter revenue topped analyst projections, signaling a pickup in demand for mobile advertising even as a controversial redesign of the Snapchat mobile app continued to hinder user growth.

Separately, Saudi billionaire Prince Alwaleed Bin Talal said he invested Continue reading