Abu Dhabi National Oil Co (ADNOC) said on Monday it may sell as much as a 20 per cent stake in its fuel distribution unit, potentially raising up to $2.8bn.Analysts valued the total fuel distribution unit at between $11bn and $14bnin reports prepared by banks advising the firm on the planned listing, sources have told Reuters. Source: ADNOC listing could raise up to $2.8bn – Gulf Business
This has been a good year for the global economy, and 2018 will follow that trend, analysts at Goldman Sachs said. Economic growth around the world has picked up steam this year. Germany — Europe’s largest economy — grew an unexpectedly strong 0.8 percent in the third quarter. In Japan, the economy has grown for seven straight quarters. Meanwhile, in the U.S., the economy grew 3 percent in the third quarter. Source: Goldman Sachs says 2017 was surprisingly good
LONDON (Reuters) – Goldman Sachs chief executive Lloyd Blankfein is planning to spend a lot more time in Frankfurt, he said on Thursday, as the Wall Street bank pushes ahead with plans to make the German city a major base after Britain leaves the European Union. Source: In blow to Britain, Goldman CEO says to spend more time in Frankfurt
