Saudi Aramco, Reliance call off proposed USD 15 Bn investment deal

Saudi Aramco, Reliance call off proposed USD 15 Bn investment deal

Date: 2021-11-27 By Nikita Chaurasia

Leading oil exporter Saudi Aramco and Indian multinational conglomerate firm Reliance Industries Ltd. (RIL) reportedly called off a proposed USD 15 billion deal due to valuation concerns of Reliance's oil-to-chemical....

U.S. consumer spending beats expectations amidst heating inflation

Consumer spending in the United States rose more than predicted in October with continuous purchasing of automobiles and various other products, with no indications of slowing down due to high inflation, further supporting the much-needed e....

Oil prices stable at USD 80 per barrel as U.S. taps emergency reserves

Oil prices were steady at around USD 80 per barrel after the United States announced to have released 50 million oil barrels from its reserves to ease the post-COVID-19 situation. The development echoes similar moves by other nations such a....

Israel begins inoculating young children amidst surging COVID-19 cases

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Minderoo Foundation to help publishers cut deals with Google, Facebook

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Johnson & Johnson anticipates 14 new multibillion-dollar drugs by 2025

Johnson & Johnson to focus on pharma division after the split into drug and consumer companies. The company is working on 14 new drugs, all of which have a market potential of USD 1 billion each.   American multinational ....