Saudia Aramco has initiated the sale of a U.S. dollar Islamic bond. The offering includes five- and ten-year tranches. This move occurs amidst a surge in bond issuance from the Gulf region. The sale aims to leverage Aramco’s balance sheet due to weaker oil prices. However, regional tensions, including recent events involving Israel and Qatar, could influence investor interest.Read More
Oracle’s shares experienced a significant surge, climbing 31% in Frankfurt following the company’s projection of its Oracle Cloud Infrastructure business exceeding half a trillion dollars in booked revenue. This positive outlook also influenced European markets, with German software maker SAP seeing a 2% increase. Oracle’s stock has demonstrated substantial growth this year, rising 45%.Read More
PhysicsWallah, an Indian ed-tech unicorn, is launching a Rs 3,820 crore IPO amidst industry scrutiny. While peers face struggles, PhysicsWallah, backed by WestBridge and Hornbill Capital, reports revenue growth and narrowed losses.Read More
Indian real estate is experiencing a surge. Delhi and Mumbai are becoming global contenders. Residential prices are rising significantly. Infrastructure upgrades are reshaping the investment landscape. Developers are focusing on integrated urban communities. The focus is shifting to well-connected suburbs. India presents a compelling story of affordability and scale. The role of visionary developers is crucial for India’s urban ascent.Read More
Japanese Prime Minister Shigeru Ishiba resigned after election defeats, shifting focus to the LDP’s October leadership race. Markets expect a pro-easing successor could delay BOJ rate hikes, weakening the yen and lowering bond yieldsRead More
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