Unlock editor summary for free Rula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Saudi Arabia is selling about $12 billion worth of shares in its national oil company, Saudi Aramco, as the kingdom seeks additional capital for its sovereign wealth fund. The Saudi government will sell at least 1.545 … Read more
Unlock editor summary for free Rula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. ConocoPhillips has agreed to buy rival Marathon Oil in an all-stock deal that values the Houston-based company at $22.5 billion, including debt, as a wave of consolidation continues to sweep the U.S. oilfield. The acquisition will … Read more
The leading online food delivery groups in Europe and the US have racked up more than $20 billion in combined operating losses since going public after a fierce battle for market share. Shares in Deliveroo, Just Eat Takeaway, Delivery Hero and DoorDash — the four largest stand-alone, publicly listed food delivery companies in the U.S. … Read more
Mt. Gox transferred 42,830 BTC, valued at around $2.9 billion, to new addresses on May 28. The rising supply of Bitcoin and the potential large-scale sell-off by creditors of Mt. Gox could put pressure on prices. Tokyo-based Mt. Gox, once the Bitcoin giant [BTC] exchanges, handling 70% of all transactions by 2013, has re-entered the … Read more