Asia Pacific Jan 18, 2020

U.S.-Iran tensions may hit China's economy

by Mina Kotani

China's economy, which this past week reported its lowest annual economic growth in nearly 30 years amid a prolonged trade dispute with the United States, is faced with a new troubling source of U.S.-related instability: rising tensions in the Middle East. The U.S. airstrike that ...

Aramco's 'greenshoe option' pushes IPO to record $29.4 billion

Business Jan 13, 2020

Aramco's 'greenshoe option' pushes IPO to record $29.4 billion

Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a "greenshoe option" to sell millions more shares to meet investor demand. The company said that the sale ...

Business Jan 9, 2020

Japan pump price reaches ¥150 yen for first time in 7 months

The average retail price of regular gasoline exceeded ¥150 per liter this week for the first time in about seven months, and is expected to rise further next week amid escalating tensions between the United States and Iran. The average price rose ¥1.30 from Dec. ...