Saudi Aramco’s debt-to-equity ratio more than doubles in 2020

© Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq DUBAI (Reuters) – Saudi Arabian oil giant Aramco (SE:)’s net debt-to-equity ratio more than doubled to 55% in 2020 from 26% a year earlier, the company said in a financial results report. Net debt rose to 605.9 billion […]

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Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

© Reuters. FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro By Sabrina Valle and Gram Slattery RIO DE JANEIRO (Reuters) – Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($ 13 billion) in market value, as Brazilian President Jair Bolsonaro again […]

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DoorDash doubles valuation to raise $3.4 billion in U.S. listing – source

© Reuters. A delivery person for Doordash rides his bike in the rain during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City By Joshua Franklin and Chibuike Oguh (Reuters) – DoorDash Inc on Tuesday sold shares in its initial public offering at $ 102 apiece, above its upwardly revised target […]

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Sole survivor? Saudi Arabia doubles down on oil to outlast rivals

2/2 © Reuters. An oil tanker is being loaded at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia 2/2 By Rania El Gamal, Davide Barbuscia and Marwa Rashad DUBAI/RIYADH (Reuters) – The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the […]

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Turkey’s Trade Gap More Than Doubles in Size on Gold Imports

© Reuters. Turkey’s Trade Gap More Than Doubles in Size on Gold Imports (Bloomberg) — Turkey’s foreign trade imbalance continued to worsen last month as cheap credit and retail investors’ search for a hedge against inflation continued to fuel demand for gold. Trade deficit rose to $ 4.88 billion in September from $ 1.67 billion […]

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