TOPNWS

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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OPEC+ maintains stable policy amid weakening economy and Russia’s oil ceiling

No discussion about the ceiling price in Russia – delegates Oil prices come under pressure from weak economy Next meetings will be held on 1 February 1 and 3-4 June LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to oil production targets at its meeting on Sunday, as oil markets struggled to assess the …

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US job growth strong in November; wages rise

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages despite mounting worries of a recession, but that will probably not stop the Federal Reserve from …

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Musk delivered his first Tesla truck, but no updates on production and pricing

Tesla ships first Semi to PepsiCo five years after introducing it No details on orders or capacity for electric trucks Semi uses existing Tesla cars to feature the new Supercharger December 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk delivered the company’s first heavy-duty Semi to PepsiCo (PEP.O) on Thursday; It did …

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Blackstone’s $69 billion REIT cuts redemptions as blow to property empire

NEW YORK, December 1 (Reuters) – Blackstone Inc (BX.N) made limited withdrawals from its $69 billion over-the-counter real estate income trust (REIT) on Thursday, following a surge in redemption requests. an asset management beast. The curbs came because the redemptions hit predetermined limits, rather than Blackstone set limits that day. Still, they have raised investor …

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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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EU temporarily accepts $60 price cap for Russia’s seaborne oil

BRUSSELS, December 1 (Reuters) – European Union governments tentatively agreed on Thursday on a ceiling price of $60 per barrel for Russia’s seaborne oil – the idea of ​​Group of Seven (G7) countries – with an adjustment mechanism to keep the cap at the same level. It’s 5% below market price, according to diplomats and …

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Wall Street is mixed; Dow under selling pressure in Salesforce shares

Salesforce abandons co-CEO exit plan Overall Dollar drops as annual profit outlook cuts US production contracted for the first time in 2-1/2 years in November Indices: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% December 1 (Reuters) – Wall Street mixed on Thursday as a selloff in Salesforce put pressure on the Dow. On Wednesday, the …

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