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Wall Street mired in US$2t Saudi Aramco quandary

13 hours 7 minutes ago

THE scaling back of Saudi Aramco's initial public offering - despite nearly every major investment bank being involved - raises awkward questions about the effectiveness of mammoth syndicates of advisers and IPO book-runners. More appears to be less.

Chris Hughes

Lagarde perfectly capable of facing down her ECB sceptics

1 day 13 hours ago

CHRISTINE LAGARDE has taken the helm of the European Central Bank (ECB) at a time of rising scepticism over the power of monetary policy. Critics say that the central bank has no tools left to bring inflation back to its target of close to, but below, 2 per cent. The ECB is now a helpless bystander, they claim, as the power to foster a recovery sits squarely with elected governments.

Ferdinando Giugliano
23 minutes 6 seconds ago
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