Saudi Arabia’s central bank doubled leverage limits for retail investors looking to buy shares in oil giant Saudi Aramco, according to people familiar with the matter, part of an effort to boost local demand for what could be the world’s largest initial public offering.
An expanding network of enterprises owned by the armed forces blocks much-needed reforms.
The opposition Labour Party lobbed a grenade into British telecommunications with its pledge to re-nationalize BT Group Plc’s national fixed-line network and offer free broadband to everyone. While its chances of gaining power in the Dec. 12 election look slim, the proposal channels broader dissatisfaction with the country’s relatively slow internet services and may have an impact even if Labour doesn’t win.
Governor Gavin Newsom is drawing lukewarm approval of his handling of the mass power shutoffs and wildfires that have had pundits declaring California on the brink of ruin.
Private equity and credit firms have elbowed their way into everything from real estate to corporate lending. Now they’re cracking open Britain’s growing pension-transfer market.
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