Fiji Time: 6:54 PM on Sunday 21 January

Fiji Times Logo

/ Front page / Archives » Article Index

Trump appeals for listing

Reuters
Monday, November 06, 2017

WASHINGTON/KHOBAR, Saudi Arabia - US President Donald Trump publicly appealed on Saturday for Saudi Arabia to list national oil company Saudi Aramco's shares in New York, intervening in a battle among the world's top stock exchanges.

"Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange," Mr Trump wrote on Twitter. "Important to the United States!"

Trump did not say why he raised the issue at this time or whether he was responding to any information about the NYSE's bid. But by describing the listing as a priority for Washington, he could help sway the Saudis' decision.

The Saudi government, seeking to raise money as low oil prices strain its finances, plans to sell about 5 per cent of Aramco next year in a sale officials say could raise about $100 billion, making it the world's largest initial public offer ever.

Saudi authorities have said they intend to list Aramco in Riyadh and on one or more foreign exchanges, setting off a competition among New York, London, Hong Kong, Tokyo and other bourses.

An Aramco spokesman had no comment on Mr Trump's tweet, while a spokeswoman for the NYSE declined to comment.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62390.6049
JPY 56.369653.3696
GBP 0.36040.3524
EUR 0.41060.3986
NZD 0.69380.6608
AUD 0.63130.6063
USD 0.50390.4869

from

$0.00

Exchange Rate updated on 19th, January, 2018

Today's Most Read Stories

  1. Back to work
  2. Do the right thing and resign: Biman
  3. Fiji not built on smiles and fake promises, says Bainimarama
  4. ATS seeks legal advice
  5. Justice prevails, says Rabuka
  6. Unsafe practice
  7. Tribunal ruling is a victory for workers, says Chaudhry
  8. Diving trip turns tragic
  9. For a place in fashion festival
  10. 40th anniversary

Top Stories this Week

  1. Trip turns tragic Thursday (18 Jan)
  2. Mela beats the odds Thursday (18 Jan)
  3. Tube ride to school Thursday (18 Jan)
  4. Nadi man dies in crash Wednesday (17 Jan)
  5. Teachers transfer policy Monday (15 Jan)
  6. Patient info leaked Friday (19 Jan)
  7. Man attacks partner Monday (15 Jan)
  8. ATS Impasse: Tribunal orders return of all workers in 48 hours Saturday (20 Jan)
  9. Rasta's 'star' loves Fijian hospitality Saturday (20 Jan)
  10. Serevi, Ryan believe Tuwai can deliver Saturday (20 Jan)