Fri. Sep 25th, 2020

Saudi Aramco IPO: Oil giant nears $2trn valuation despite climate fears – business live

Aramco, the world’s biggest Co2 producer, is now world’s largest listed company after floating today

1.38pm GMT

NEWSFLASH: US inflation has hit its highest level in a year.

Consumer prices rose by 2.1% per year in November, up from 1.8% in October, partly due to rises in energy, rent and gasoline bills.

INFLATION WATCH: U.S. consumer prices rise 0.3% in November. Core CPI (minus food & energy) up 0.2%. Yearly increase in overall CPI climbs to 2.1% from 1.8%. Highest in a year. Core rate flat at 2.3%. Inflation bubbling higher?

1.17pm GMT

Pre-election jitters also appear to be hitting UK stocks.

The FTSE 250 index of medium-sized listed companies is down 1% today, with every sector in the red. It’s a better barometer of UK economic prospects than the FTSE 100 (which is broadly unchanged today).

Continue reading…Aramco, the world’s biggest Co2 producer, is now world’s largest listed company after floating todayNewsflash: Stock surges 10% as trading beginsValue jumps to $1.88trn, from $1.7trnWill investors heed environmental worries?Expert: Aramco will hit $2trn soonIntroduction: Saudi Aramco shares are floating today 1.38pm GMTNEWSFLASH: US inflation has hit its highest level in a year.Consumer prices rose by 2.1% per year in November, up from 1.8% in October, partly due to rises in energy, rent and gasoline bills.INFLATION WATCH: U.S. consumer prices rise 0.3% in November. Core CPI (minus food & energy) up 0.2%. Yearly increase in overall CPI climbs to 2.1% from 1.8%. Highest in a year. Core rate flat at 2.3%. Inflation bubbling higher? 1.17pm GMTPre-election jitters also appear to be hitting UK stocks.The FTSE 250 index of medium-sized listed companies is down 1% today, with every sector in the red. It’s a better barometer of UK economic prospects than the FTSE 100 (which is broadly unchanged today). Continue reading…