EMRG

Saudi Exchange launches market-making framework to boost liquidity

DUBAI, Dec 4 (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. “Market Makers have to ensure the availability of …

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EU to adapt state aid schemes in response to US subsidy package, von der Leyen says

BRUSSELS, Dec 4 (Reuters) – The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new US green energy subsidy package, the bloc’s chief executive said on Sunday. “Competition is good … but this competition must respect a level playing field,” European Commission President Ursula von der Leyen …

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Russia says it won’t accept oil price cap and is preparing response

Dec 3 (Reuters) – Russia “will not accept” a price cap on its oil and is analyzing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine. Kremlin spokesman Dmitry Peskov said Moscow …

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Mexico, US plan pitch by 2023 to lure firms from abroad

MEXICO CITY, Dec 2 (Reuters) – Mexican Economy Minister Raquel Buenrostro and US Secretary of Commerce Gina Raimondo on Friday agreed to set out a plan by early 2023 for the relocation of companies from Asia to North America, Mexico’s government said. On her first visit to Washington since taking office in October, Buenrostro has …

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IPO market nearly paused, but exchange leaders expect 2023 boost

NEW YORK, Dec 1 (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference. Global IPOs hit record-high levels in 2021, …

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Spain’s PM sent letter bomb similar to device that injured Ukraine embassy official

MADRID, Dec 1 (Reuters) – Spain has stepped up security at public and diplomatic buildings after a spate of letter bombs, including one sent to Prime Minister Pedro Sanchez and another to the Ukrainian embassy in Madrid, where an official filed minor injuries. The Interior Ministry revealed on Thursday that an “envelope with pyrotechnic material” …

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Piper Sandler cuts estimates for Apple’s Dec quarter as China worries mount

Dec 1 (Reuters) – Analysts at Piper Sandler on Thursday cut their revenue and iPhone sales estimates for Apple Inc’s (AAPL.O) December quarter, as Beijing’s strict lockdowns crimp production at the world’s biggest iPhone factory in Zhengzhou, China. The brokerage now expects $119 billon in revenue for the current quarter from an earlier projection of …

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