the saudi aramco listing, whenever it happens is going to be so... 0ne saudi aramco listing, wheneverne of the biggest if not the biggest ever and yet, they‘ re the biggest if not the biggest ever and yet, they're happy to try and move investors. they spent three is trying to get this company, this is the state energy business, they could do with getting evaluation of $2 trillion was up at the executor will be valued between one and 1.5 trillion. it is the managerfar will be valued between one and 1.5 trillion. it is the manager far back into own economy. question investors have been kind of lukewarm because of corporate governance issues, et cetera. and now it looks like the saudi government of —— have instructed a plan where is the ft says they're dangling a $75 billion a year dividend pay—out to investors and sort attempted to say, in a world where there is... it's hard to find sustainable income from stock market companies, something like this is probably likely to tempt a lot of investors to support it. and saudi government is asking a lot of rich saudi families as well to also s

aramco wants to see. spin forward from the latest story, talking about the low listing on the saudi exchange. ve spoken to a lot of insiders who can't talk to me directly because they are working for aramco one told me he's working around the clock. it does seem to be something really quick which includes a road show and book building. whatever this means in the next few weeks, we'll see a listing potentially in 2021. two big issues for saudi aramco, one, they want the price higher. proving that they want it back following the refinery attack. less happy as you'd expect to talk about the listing and when it will happen he did say when the share holder, the state or the kingdom of saudi arabia, when the share holder is ready to go, aramco is ared ready to go as well. >> i'll whisper with you saudi aramco just admitted full production is not on line and won't be follow end of november. you've got iran seizing oil tankers. yet crude oil there and here hasn't budged from two months ago. is anybody surprised we are not at $70 to $80 oil? >> you and i trying to whisper is comical this is the point.

effective and again on oil the wall street journal is reporting that investment bankers working for saudi aramco will release their highly anticipated valuation for the company as early as friday and perhaps more importantly the journal says that the us demit will come in well below saudi crown prince mohammed bin solomon's target of. dollars valuation for the company new this comes on top of deferral of i.p.o. plans and reports of. allegation of extortion being used to generate investments in the i.p.o. how big a deal is this reported so far valuation that's expected. daniel a context is key here because if you look at the backdrop to all oil it's a very weak sector as i mentioned earlier that may represent value going forward but there's very little capital flowing into the energy space you've got 11 bankruptcy as you are today 25000000000 in creditor claims that are in question compared to only 3000000000 in the 2018 timeframe so when the saudis want to bring aramco to the market it's in a context that's pretty well strained now as i mentioned on the supply side here in the united states this

in fact, saudi aramco had two key oil facilities attacked by missiles in september.heir production was cut in half for a couple of weeks until they were able to restore production. it shows strong earnings despite a turbulent time for oil markets, and specifically for saudi aramco. shery: and yet investors have been unwilling to accept the valuation mohammad bin salman has put on the company. what can we expect on the ipo that has been delayed repeatedly? right, i think the valuation is a big question. local media reports shares will lift in saudi arabia -- will startingaudi arabia december 11. the crown prince said the company is worth $2 trillion. a a lot of analysts say it is a lot lower, around 1.5 trillion dollars. bloomberg reported saudi aramco is going to rely on a lot of local investors and wealthy families to invest in the family -- to invest in the company, so we will have to see how investors value it. there is still international ipo that is a possibility next year, but if saudi aramco goes that route, they are going to open themselves up to a lot more s

. >>> here in london, saudi aramco's ceo will be in full output the ipo could be published by the end of this month. >> good morning. welcome to "street signs." i want to take you to the price action we've had markets were off we had a heavy session the dow down 2%. s&p down 6%. tech, nasdaq down. as tension is heating up ahead of those all important trade discussions set to take place tomorrow the latest develop that the u.s. is applying visa restrictions in addition to adding more and more companies to the black list. this is the first time we are seeing the u.s. wrap in human rights concerns into the economic dealings. reaction has not been very positive a negative tune and session for asian markets. by the end of the session, it was the worst session in the week for the asia pacific indices as a whole what we saw in europe at the open, we had a slightly negative start to the day you can see the stoxx600 is relatively okay. that is the picture. one of the indices i want to focus on is the ftse 100 in the uk crucial days coming up we'll speak to willem coming up. but it has been a s

saudi aramco has approached aboutoil producers potential investments in its ipo. ency -- energy provider has also gauged interest from kuwaiti and canadian funds as aramco recovers from the worst ever attacks on its energy infrastructure. it is producing 9.9 million barrels a day of crude. saudi arabia -- saudi aramco's trading ceo says output reach that level september 25 and is higher now. he spoke to manus cranny the gulf intelligence energy forum. we will be back to capacity by september 25. to replenish our inventory values during the interruption. manus can you tell me how much a little bit is? atto keep us comfortable inventory level. manus: you had to draw down quite a bit of inventory to cope with the situation. are you prepared to see saudi arabia produce up to 10.3 million barrels, your opec plus agreed quota? >> typically, our production is guided by the government through opec. manus: to replenish the stocks, do you think -- >> the stock is the level we feel comfortable for our operation. for inventory plan is to -- not only the kingdom but outside the

saudi aramco is producing more than 9.9 million barrels of crude oil per day as it fully recovers fromorst ever attack on its energy infrastructure. aramco says it is committed to meeting demands for all of its customers. we spoke to the chief executive of aramco's energy trading unit. >> we will be back to capacity by september 25, so we reached capacity and we increased a little bit more to replenish our inventory that we used during the interruption. >> global news 24 hours a day, and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. -- on air, and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. manus: thank you very much. coming up on the show, the spy story's finale or not. coo resigns as he takes responsibility for the scandal rocking swiss banking. we have the very latest from zurich. this is bloomberg. ♪ ♪ manus: it is a live shot of sydney harbor in this afternoon's glorious sunshine. the aussie is lower. we have had a rate cut, which was expected, 25 basis points, although

saudi aramco's bonds extend their losses after being downgraded by fitch. could this have implications for the upcoming ipo? add qatar's energy minister recent aramcohe attack. exclusive interviews this hour. there was much confusion this week about u.s. policy toward kurdish allies in syria and to nato member turkey. president trump seemed to make a major policy shift by saying the u.s. would authorize turkish military action over the border but later appeared to backpedal. we have more with two guests. >> last year, there was the issue of the pastor held by the turks. the turkish economy went into a tailspin on the back of american pressure. this is a serious threat. the key to me is what is off-limits? in the previous statement from the white house, it seemed pretty clear that the u.s. was saying we are not going to stand in the way of the turkish government doing what they want to do in northern syria. and now, he is saying -- yes, but if they do anything off-limits -- i have a difficult time interpreting what that may be. it seems that in the u.s., tru

russia's lukoil is to transfer its 80 percent stake in a gas exploration project to the state on saudi aramco lukoil says the government of saudi arabia has not been able to make the project economically feasible the 2 firms are still planning to work together on exploration in africa and respect just on the russian oil giant lukoil pulling out of that gas exploration project in saudi arabia mum to celebrate is an international oil economist and joins us live from london it's nice to have you with us just quickly is this just about economics is it just about the numbers didn't add up here. it is more of them that. look like any investor in the world once good return on its investment now there are dark clouds some rounding saudi out armco in terms of there is scope of at passport potential at that by the whole of phase and the cost of repairing the damage inflicted by the whole of his on saudi oil infrastructure last month or so when you would be is they add in that a mention of risk to any investment in saudi out on call there is there has been news that the saudi out arm call as well as loo

domestic stock as of this summer and trading will start on the top 2 all saudi aramco domestic stock exchange on the 11th of december the oil giant which controversial a valued itself at 2 trains on the 11th of december the oil giant which controversial a valued itself at 2 trillion dollars will float a one to 2 percent stake on their local market making it one of the largest trillion dollars will float a one to 2 percent stake on their local market making it one of the largest public offerings on the exchange worth roughly $20000000000.00 aramco has been public offerings on the exchange worth roughly $20000000000.00 aramco has been forced to change plans for the i.p.o. multiple times since then noun's the decision to go public in 2016 forced to change plans for the i.p.o. multiple times since then nouns the decision to go public in 2016 while the company has been getting the offering off the ground they have also been roping in in sting while the company has been getting the offering off the ground they have also been roping in institutional investors sovereign wealth funds and weal

in question saudi aramco will start to build a series of delays that put the i.p.o. in question saudi aramco will start to build the book on the 3rd of november according to a new report from reuters citing people familiar with the scituate book on the 3rd of november according to a new report from reuters citing people familiar with the situation shares will be priced at the beginning of the summer and trading will start on the top 2 ition shares will be priced at the beginning of the summer and trading will start on the top of all saudi aramco domestic stock exchange on the 11th of december so all saudi aramco domestic stock exchange on the 11th of december so oil giant which controversial a value that sells as 2 trillion dollars will float a one to 2 percent still a giant which controversial a value that sells as 2 trillion dollars will float a one to 2 percent stake on their local market making it one of the largest public offerings on the exchange worth roughly $28.00 on their local market making it one of the largest public offerings on the exchange worth rough

of saudi aramco we're now joined by r t correspondent alex mahela from toronto saw saudi crown prince mohammed bin salmaan is asking for action against iran but in his words a political and peaceful solution is much better than a military one so why the restraint all of a sudden. look iran denies this and has from the very beginning any of involvement in this airstrike which is which was drones as well as missiles supposedly involved in this hitting 2 of the saudis biggest day oil refining or or production facilities one of those actually the biggest in the world now for the saudi prince one thing that he knows is that in this case war might be bad for business because what we saw and you know some investors kind of like that when you know where the numbers jump when it comes to oil they jump price wise when the present pli goes down the supply were down by about 5 to 6 percent after the airstrike we saw the initial jump of 20 percent per barrel in the prices and then it just dropped to 10 percent so it was nothing you didn't really hold too long but it was the biggest jump that we've

saudi aramco up.n they need to price that argument on december 4 and retrading on december 11 the company behind tiktok denying it is trying to go public weighing an offering as early as next year. several automakers siding with trump administration in letting states set their own fuel efficiency standards gm, and others said they would side with trump. boeing is set to face critical questioning over the 737 max jet. appearing before congress. denis mullenburg expected to say his company made mistakes. phil, it will be a hot one >> sure. the questioning will be intense. he will admit boeing has made mistakes and did make mistakes in the voeflment and manufacturing of the 737 max this will come down to a few key areas. first, the the question of how far up did the development of the 737 max come this might go all the way to the top of the company did boeing mislead regulators with the faa text messages, they came out from a former boeing technical pilot who suggested he may have misled regulators. thos

kirill: russian investors are keen to participate in the saudi aramco investment. n banks would also like to participate. it is early to say because we need to understand the final parameters of the deal, but aramco is a great company that quickly recovered from the attacks. it is a great opportunity for investment. seems the differentiation to be what mohammad bin salman wants, it is a big gap. kirill: we will see with the final conditions look like. we need to look at all of the details. the yields versus a dividend,ajor of 6% is a yield that matters in this investment story? kirill: it is also the opportunity to participate in the largest oil company in the world that has the cheapest reserves in the world and a lot of technology investment coming down the line. the broader story is aramco is unique opportunity, and i know lots of people are interested in it. manus: let's circle back to the , there aretionship things that have not come to fruition. you have liquid natural gas , are youn the arctic closer to getting those deals confirmed? definitely, we have a gre

the first comes from saudi aramco.any is still on track to unveil its mammoth ipo later on this year. it apparently will be weighing a kickoff announcement within the next few weeks. i also want to track what is happening with the cable rate, extending its drop on a report the u.k. government would pull the bill if there are delays. apparently, this comes from a bbc reporter that says of parliament votes for a delay by voting down the motion the eu offered until the end of january, we will pull the bill. cable extending its declines. program, we this works adam neumann is stepping down. more on that in today's bottom line. remember, bloomberg users can interact with the charts shown on gtv . this is bloomberg. ♪ viviana: this is "bloomberg daybreak." i'm viviana hurtado in the hewlett-packard enterprise greenroom. coming up on "bloomberg markets," eric firewall, magenta ceo. now your bloomberg business flash. hundreds of thousands of californians again face the prospect of another deliberate lack out. the bankrupt

plus a shocking admission burning up pg & e shares and charlie breaks it on just how long the saudi aramco ipo will be left stranded in the desert. less than an hour to the closing bell. i'm cheryl casone in for liz claman. let's start "the claman countdown." cheryl: well, the first piece of breaking news, i've got a lot of it for this hour, president trump. right now you are looking at live pictures. he's speaking at benedict college in columbia, south carolina, making remarks on his administration's work on criminal justice reform. he is going to be leaving the state at some point during this hour, then heading up to camp david. if any news breaks during these comments from the president, we are going to bring it to you live, because we got a lot of other things going on we got to bring you. >>> amazon shares, let's take a look at the stock. it's recovering a little bit. that massive stock drop that hit after the close and of course in the premarket, taking it to the market today. analysts, a little less bearish during the trading session on the company's forecast and their spending. we

la la la la la >>> saudi aramco could announce a launch to the ipo this weekend. the oil giant will make a statement on sunday detailing on the vesting market within weeks will come the he delays rorgt they will then begin trading on december 11 speaking at a conference inry a riad said the deal is attracting institutional cash >> we will have more and more share holders from institutions, retail >> anything more to add on that? >> thank you very much >>> shares of tiffany closed in session after a driller confirmed it has received a nonbinding all cash take over from lvmh. >> alphabet shares fell as they report their highest ever reported costs after a hiring spree and investment in services elizabeth joins us with more details. >> it was a miss on the bottom line earnings per share came in $10.12 compared to an estimate of $12.42. so that was a big miss there moring into data centers, head count. revenues were very strong. $40.5 billion. that was driven by the advertising business that still makes up a majority of google sales. you can see here, 85% of revenues

annmarie: we've just seen the headline about saudi aramco going to ipo.u think now is the appropriate time for the kingdom to bring the company public, with investors running away from big oil? mohammad: they have worked very yearsn the last couple of for this ipo, one of its kind. them for them to take a decision to move on, they must have evaluated the entire environment. it is in very capable hands, and they've decided that this is the best time. annmarie: do you think that will change how they deal with opec? obviously they will be a public ministryow, with the separate from aramco the company. mohammad: not at all. saudi arabia remains committed. we've heard from the highest levels of government in saudi arabia that the ipo will not in any way affect their memory chip of opec. -- their membership of opec. annmarie: you mentioned there are so many things going on not affecting supply or demand. what are you looking for? a trade deal? better manufacturing numbers out of europe and asia? what do you think will benefit the market? mohammad: we are lookin

saudi aramco and the uae company will hold a joint steak aramco and the uae company will hold ajointamco and the uae company will hold a joint steak in the mega refinery being built on the west coast of india which could refine 1.2 million barrels per day and given that india imports around about 80% of its oil, with 18% of that coming from saudi, it's a massive deal, given indian's supplies were hit after international sanctions against iran which india was reliant on in terms of importing oil. saudi arabia did announce that it would be investing $100 billion into a variety of projects across india including agriculture and textiles, at cetera. this is a big development between the two trading partners. thank you. netflix is one of the world's largest media companies, streaming content largest media companies, streaming co nte nt to largest media companies, streaming content to over 150 million subscribers worldwide. mark randolph was its first ceo when it put dvds through the post butjust as netflix was taking off, its co—founder insisted he stepped down the boss, saying he wasn't

saudi aramco's mega ipo might be on hold, again.nch of what could be the biggest offering in history was expected on sunday, but sources say it has been delayed and the decision was "abrupt." aramco was set to sell about 2% of the company at a price that would value it at $2 trillion, potentially raising $40 billion. shery: facebook's mark zuckerberg repeated his mantra that the censored part of the internet in china could become the norm around the world if online companies don't fight for free speech. companiesst chinese haven't expanded globally yet, but the tiktok social network is an example of how they can. sophie: jean-claude juncker says a brexit deal has been reached. shares in the owner of the jaguar luxury brand shout -- rally the most in a decade. a boost for the stock, which has lost over 20% in the last year despite thursday's big gain. we are just minutes away from japan's september consumer price index. will inflation continued to inch closer to zero? we will have the numbers next. this is bloomberg. ♪ shery: let's g

and the wall streetjournal has more on aramco. saudi let us know what you are spotting online. use the #bbcthebriefing. up next: news briefing. we‘ll take you through ther stories making headlines in the global news media today. police have arrested more than 700 people during a week—long operation to tackle so—called county lines drugs gangs across the uk. in total, drugs with a street value of around £a00,000 were also seized. here‘s our home affairs correspondent, tom symonds. across the country police forces urban and rural have been working together. to move in on the county lines drug gates. this was a joint west midlands operation. suspected dealers from birmingham involved in the supply of drugs to worcestershire. 0perations like this ta ke worcestershire. 0perations like this take enormous resources in cooperation but it seems to be working. in the week—long bush, 743 people were arrested, more than £420,000 worth of drugs were seized, and 49 phone lines used for deals we re and 49 phone lines used for deals were disrupted. the

saudi aramco is pushing to complete its frequently delayed ipo by the end of the year. state owned oil producer makes more profit than any other country in the world but size is not the only thing that makes this i feel different. saudi arabia is leaning on its allies and subject to help out. wealthy families have been encouraged to invest. some of them had members detained and accused of corruption. the saudi's also want sovereign wealth funds to join in. the big question, though, is how worth? aramco the ipo was delayed after values reemerged about -- down to reemerge about the valuation. $2 crown prince says about trillion. that leads us to our record ipo. raisingholds the mark, $25 billion in 2014. aramco has scaled back its original plans. it will sell only a 2% stake on the domestic exchange. the crown prince says valuations will still be a record. let's turn now to wework. the end of an era. a few weeks ago, adam neumann was ceo of the world's most valuable startups, and on the verge of an ipo once valued at $47 billion. now in a remarkable corporate fall from gr

a saudi aramco has delayed its ipo again.rces say the public offering will be on hold for at least a few weeks as they seek valuation of $2 trillion. the delay is meant to allow u.s. banks to factor third-quarter earnings into their assessments of what aramco is worth. joining us is annmarie hordern. what is the delay this time? this is about getting the perspective as up-to-date as possible. annmarie: good morning. getting the perspective up-to-date, which would allow the banks this delay to include those third-quarter results into their pre-ipo assessment. but it is really about the valuation. it looks like the banks are struggling to reach that to trillion dollar valuation that aramco's largest shareholder, the saudi royal family, really desires. no one really questioning the fact that this company is not one of the most profitable in the world. the profits exceed those of apple and exxon. when you put that against aramco, that comes out to $1.5 trillion value. atomberg intelligence has it $1.1 trillion. that seems to be t

shery: bloomberg is being told saudi aramco will push to complete its initial public offering this yearrces say the state owned oil producer is considering formal announcement of the listing plan as soon as next few weeks. it was originally slated for october 20 but was postponed after investors pushed back at aramco started to trillion dollars valuation. $2 trillion valuation. haidi: -- john donahoe. the e-commerce veteran takes charge of a $40 billion clothing giant but increasingly relies on data and technology to keep exact. he has searched on the board since 2014. he worked at nike for 40 years and will remain on as executive chairman, saying in a memo to employees, "i am not going anywhere." shery: ahead of the boeing unit in charge of the 737 max jetline has stepped down. the crisis at boeing is deepening. su keenan has more on this. this coming on the eve of those third-quarter results. has been have been -- a lot of optimism going into the results with boeing saying it is making progress in getting the regulators to return the max jet area that is now all up in the air. let's t

saudi aramco has delayed the planned launch of its initial public offering that oil giant had been expected to announce plans next week to float a one to 2 percent stake on the kingdom's to dull market but the september drone attacks on kirron kher oil facilities knocked out half of its crude output sources have told the reuters news agency the company hopes to bolster investor confidence with that with its 3rd quarter results. well still ahead on out of there why trump's decision to hold this is chase 7 summits florida resort has some politicians saying it's unconstitutional. and breaks it agreement reached with the european union but boris johnson still faces a battle to guess at 3 british parliament. how i think we may see more disturbed weather into eastern parts of the mediterranean over the next day you'll say but things will gradually improve you can see we have still got some thunderheads just around syria lebanon maybe down towards georgia as well that's tending to just ease a little further race was well the 2 showers a possibility that just around turkey as we go on into friday w

washington would like the prestige of, you know, saudi aramco at some point maybe listing in the u.s.y big thing because what saudi royal family is going to do, mbs, with this ipo, is going to transform the major industry of saudi arabia which is oil production through this, they are going to start investing in technology, they are going to diversify their economy. this is a big thing on a lot of levels. now, it's also a big thing because let's face it, a year ago, a journalist was murdered and was murdered in the saudi consulate in turkey. it had all the earmarks of a hit job by the saudi government. now, mbs has denied he's directly responsible for this. liz: he's apologized for it, though. >> apologized for it as well. i think his -- liz: his goons. hit squad. >> hit squad with ties to his family. that's what we've got going on right now. it's very interesting. there's a whole list going to be compiled at some point of all the wall street firms going but they are going. jamie dimon is not going, okay? james gorman is not going, the ceos of jpmorgan, morgan stanley respectively. dav

saudi aramco is expected to ipo perspectives later this month in arabic and then in english two days ion to go ahead and probably be made after a process in november aramco has not officially commented. and johnson and johnson has been ordered to pay the largest u.s. jury award this year. is over the alleged mishandling of and antipsychotic drug. they wrongfully marketed the drug to teenagers. the verdict is unlikely to be upheld on appeal but sounds an ominous warning for j and j but still facing more than 13,000 suits over the drug. writing down over $220 million of investments in the third quarter driven by a bad bet on uber. the say the investment in ride-hailing giant has declined by over one third. more details will come when paypal reports on october 23. and boeing has broken the drought for its grounded. it's not a deal for a business jet version of the plane in september. the order by an anonymous customer is the first since the megadeal with iag in june but that agreement has not yet gone through your and net sales are at -1.84 for the year. that is your bloomberg business f

nejra: saudi aramco delayed ipo. suddenive behind the postponement.outer sturkenboom stays with us. tune in to bloomberg radio live on your mobile device or dab digital radio in the london area. area. >> we have a deal. this deal represents a very good deal for the eu and the u.k.. this is a balanced agreement. >> i think everybody should be convinced the deal is the best. >> the irish prime minister is content with this. is the prime minister, now a vote to parliament. i fellow mps in westminster do now come together to get brexit done. that was european leaders announcing -- reacting to the newly announced brexit deal. boris johnson will need to fight to get the deal through u.k. parliament. this is "bloomberg daybreak: europe." we are into earnings season in europe. .umbers coming through today second quarter organic sales down 4%. the estimate was a drop of 2.7% ointreau.c if we take a look through some of the other elements here, the full year outlook is unchanged. second quarter revenue comes in at 300.7 million euros. the estimate was 306.5 mil

saudi aramco ipo is coming.s are very interesting, it's coming as this california vote in the desert investment summit is coming. davos in the desert, we hear from people close to the conference this is almost an advertisement for selling the ipo, the first leg of the ipo. and they're trying, the royal family's trying to get that first leg of the ipo done by the end of the year. they are trying. their going to -- they're going to start with local investors, then they're going to branch out. let's get to the davos in the desert conference. very fascinating -- liz: boy, that looks like the desert. >> i should point out that devon o'malley, the pr man for the treasury secretary, basically misled us and held us off the story about mnuchin's attendance. it was a horrible thing. i mean, i listen to people when they tell me something's a security concern, so don't mention the guy's name, and that's what i did. and then it leaked out. what he did was very bad. but why is mnuchin going, okay? well, for business reasons j

we had some news around aramco saying they would start listing in the saudi exchange on december 11. aramco. of $68get the idea billion nine months forward, but there is no ratio analysis. the size of aramco, what those profit ratios are, that is a mystery. francine: we will keep on top of it and try to figure out who will buy it or not. would you be looking out aramco? peter: we have been waiting for a long time and we are edging toward it. it is still a very opaque company. it will do fine. road,a long and winding which hasn't led anywhere so far. , the main worries issue of how much the government will take of the revenue. there is not much doubt aramco is a well-run oil company, but the issue is where does the cash go? francine: we will have plenty more on aramco. peter dixon and john mickelthwait stay with us. up, the ubs wealth management global investment at 11:30 a.m. london. this is bloomberg. ♪ ♪ "surveillance," a headline out on a december 11 maybe election in the united kingdom. fed day tomorrow, jobs report on friday. if you have an article, you better have pretty picture

effect to transfer its 80 percent stake in a gas exploration project to the state owned company saudi aramco lake worth of the government of saudi arabia hasn't been able to make the project economically feasible for to firms are still planning to work together on exploration in africa and as baucus down. now boss johnson says he'll pursue a general election if he's forced to accept a long breaks that delay the u.k. prime minister's says he'll wait for a response from brussels before deciding his next steps ministers rejected the prime minister's proposed timetable for ratifying his brics a deal on tuesday russian is due to leave the e.u. on october the 31st. to nazir's new president has been sworn in after a landslide election victory earlier this month cairo side won just over 72 percent of the vote in a runoff election with a groundswell of support from young voters is promising to address the nation's economic turmoil corruption and security issues side's main foreign and was imprisoned for money laundering during the campaign. now the gulf of guinea is one of the most dangerous waterway

tensions have behind the region since the attack on the saudi aramco oil facilities on september 14th something the human hutu rebels claimed responsibility for but sag arabia blamed iran something iran rejects but there was also an attack against the reigning oil tanker in the red sea now iran hasn't blamed anybody but tensions the region continue to be high now iran can use it to visit sag arabia on tuesday where is expected to meet the saudi crown prince mohammed bin some of mine and he's hoping that he can start some talks between the 2 regional rivals. major protests in guinea on monday against president called his plan to change the constitution and run for a 3rd term it comes as 6 opposition politicians remain in custody at an unknown location after they were arrested for planning the protest nicholas haq is in the capital conakry. this is downtown connector in the area called tell you a market area where over the weekend people have come to do their shopping to get basic necessities like rice water or oil because they fear that the shelf really close down because of these demo

between the iran and riyadh tensions have been high since september the 14th after that attack on saudi aramco facilities in saudi arabia that the yemeni hutu rebels came responsibility for but saudi arabia blamed iran iran has rejected those allegations but iran can deduct knowledge that they work tense at mediation when he was attending the united nations general assembly in new york but before he departed for new york he did make a stopover in riyadh to talk with and meet the crown prince mohammed bin. monitor follow up the pakistani foreign minister move gray she met with his counterpart give odds a reef several times now imran khan has very much put himself forward as a statesman but he has had a close relationship with saudi arabia last year he attended an investment conference insider a get a time where many world leaders were boycotted over the murder of journalists. at the site the consulate in istanbul but at the time run concept fox fan was desperate for loans and he secured a $6000000000.00 loan and also earlier this year saudi arabia pledged $20000000000.00 in investment projects

region because tensions have been high especially since september 14th after that attack on the saudi aramco facility that the yemeni hutu rebels claimed responsibility for but saudi arabia blamed iran there's been tensions over or tankers attacks on oil tankers and the buildup.

we recently heard about saudi aramco delaying the ipo, but the latest is that shares would start tradingarabia december 11. now joining us as our guest host, the head of european equity strategy at bank of america, merrill lynch. great to have you. lots to discuss. equities and earnings in a moment. but talking about energy first, having a discussion with our previous guest who is not positive on energy stocks at all based on the oil price. do you see anything to be positive about in energy stocks? ? sebastian: it was an interesting discussion and i will take the opposite. we are overweight energy. we don't have to argue about it. it is clear the main driver of the sector is the oil price, and the oiln our model price is $.10 too low where the dollar is. we see upside for the commodity which would be good news. nejra: you think global growth momentum is close to a trough, but what tells you that? sebastian: we look at what has been driving growth, in europe and globally. the interesting fact, right now everybody thinks it is about china, because that is where the trade wars are, but the

and that iran but there is a lot of tension especially since the 14th of september when those saudi aramco oil facilities were attacked by the hutu rebels who claimed responsibility for it but saudi arabia blamed iran but so tensions are high it's a massive task ahead of them. and another note on iran it says it's discovered a new natural gas field that is the equivalent of about 2 percent of its current reserves the oil ministry says the discovery was made in the southern province of far as a reserve of more than 530000000000 cubic meters iran already has the world's 2nd largest gas reserves but is in a major export because of international sanctions. let's look at where people are casting their ballots to choose a new president this is the runoff election with 2 candidates both of them political newcomers who beat more than 20 others in the 1st round last month they are now there's a business tycoon and his opponent kieth side who is a retired law professor now clearly he was actually recently released from jail on charges of money laundering and tax evasion his party's cold heart of 2 n

with caution obviously tensions have been high since september the 14th since the attack on the saudi aramco oil facilities now the hoochie yemeni hutu rebels claimed responsibility for that but saudi arabia blamed iran something that iran has rejected but obviously other countries united states. germany have blamed iran but i think president rouhani is set to speak and let's hear what he has to say all right. this is the hall of shame he's been he's staying yes this is over 13. press conference for dr. has an iranian president just case i make it public of iran why let me begin on that. tribute to in order to the martyrs. out of 18. and we remember them as i could be when i met. and i thank mr hadley estimate more had the. reciting. verses from the old have put on. and i thank all the participants and those who have organized. and all the members of the media and act on that doesn't mean that i don't. like i request mr president when he talked over honey. how many bush and. open this press conference with his introductory remarks and then they were full of the most gracious most merciful. r

and that iran but there is a lot of tension especially since the 14th of september when those saudi aramco oil facilities were attacked by the hutu rebels who claimed responsibility for it but saudi arabia blamed iran but so tensions are high it's a massive task ahead of them. saudi arabia is denying any involvement in friday's attack on an iranian oil tanker iran's foreign ministry says on saturday the vessel was hit by 2 missiles off the coast of saudi arabia savvis minister of state for foreign affairs says his kingdom did not carry out the attack people shouldn't jump to conclusions japan's merger is deploying tens of thousands of troops to help with the rescue and cleanup efforts after a powerful typhoon swept the eastern coast at least 23 people were killed and many are missing the storm brought damaging winds and heavy rainfall causing flooding and landslides y. in haiti has the basis from tokyo those living in the path of typhoon were told to expect a short sharp burst of violent weather it soon became clear that the main feature of this storm was a huge amount of rainfall some are

tensions have behind the region since the attack on the saudi aramco oil facilities on september 14th something the yemen hutu rebels came responsibility for but sag arabia blamed iran something iran rejects but there was also an attack against the reigning oil tanker in the red sea now iran hasn't blamed anybody but tension in the region continue to be high m.r. carney is set to visit sag arabia on tuesday where is expected to meet the saudi crown prince mohammed bin silverman and he's hoping that you can start some talks between the 2 regional rivals. and other news from iran which says it's discovered a new natural gas field the equivalent of about 2 percent of its current reserves the oil ministry says the discovery was made in the southern province of farce and there is a reserve there of more than 530000000000 cubic meters iran already has the world's 2nd largest gas reserves but it isn't a major export or because of international sanctions the polls have just closed into nazir where more than 7000000 voters picked their next president and selection a test of the only democracy

saudi aramco bonds extend their losses after being downgraded by fitch

saudi aramco has delayed the planned launch of its initial public offering that oil giant had been expected to announce plans next week to float a one to 2 percent stake on the kingdom's to dell market but the september drone attacks on kieron co oil facilities knocked out half of its crude output sources have told the reuters news agency the company.