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Saudi Arabia mulls dual listing, traded fund for Aramco IPO

  Bloomberg Saudi Arabia is considering a dual listing as a way to reach investors beyond the local stock market for the sale of shares in state-owned oil giant Aramco, which could be the world’s largest initial public offering, the kingdom’s deputy crown prince said. “We are thinking about several options,” Prince Mohammed bin Salman, who heads Saudi Arabian Oil ...

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Fuel-cheating scam wipes $2.5bn off Mitsubishi stock

  Tokyo / AFP Mitsubishi Motors shares nosedived again on Thursday as panic selling wiped about $2.5 billion off the automaker’s market value in response to its shock admission that it cheated on fuel-efficiency tests. The embarrassing revelation is the latest in a string of recent scandals to hit Japanese firms, while German giant Volkswagen struggles to restore its badly ...

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Malaysia provides $1.5bn Islamic bonds

  Kuala Lumpur / Bloomberg Malaysia is selling global Islamic bonds against the backdrop of an increase in credit risk amid a dispute between a troubled state-investment company and Abu Dhabi’s sovereign wealth fund over debt obligations. The government is marketing $1 billion of Shariah-compliant notes due in 2026 at 135 basis points over Treasuries and $500 million of bonds ...

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