BlackRockLed Investors in Aramco Pipelines Start Bond Sale

DUBAI, Feb 9 Reuters Investors in Saudi Aramco39;s gas pipelines network, led by BlackRock Inc, have begun a sale of dollar bonds in three tranches to refinance a multibillion dollar loan that backed their stake purchase, a bank document showed. Initial price guidance was around 240 basis points bps over U.S. Treasuries UST for sukuk, […]
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Credit Suisse Warns of more Losses on Sliding Deep into Red

ZURICH, Feb 9 Reuters Credit Suisse Group reported its worst annual loss since the 2008 global financial crisis after rattled clients fled in droves, and warned that a further substantial loss would come this year. Battered by one scandal after another, the bank saw a sharp acceleration in withdrawals in the fourth quarter with outflows of […]
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AstraZeneca Goes for Growth with new Drugs, COVID Sales Wane

Sees solid profit growth in 2023 Sales of blockbuster cancer drugs just below estimates Drugmaker39;s shares have outperformed rivals since 2020 Investor focus on margins in 2023 as operating expenses rise Shares rise more than 4 LONDON, Feb 9 Reuters AstraZeneca on Thursday forecast growth in 2023 earnings and revenue as the British drugmaker seeks to […]
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Oil Prices Steady after U.S. Stockpile Swell

LONDON, Feb 9 Reuters Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures gained 30 cents to 85.39 a barrel by 0856 GMT, while U.S. West Texas […]
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