Saudi Aramco prices shares at the top of the range for record IPO, report says

An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia. DUBAI — Saudi Arabian Oil Company, or Saudi Aramco, has priced its shares at the top of its indicative range for its initial public offering (IPO), Reuters reported Thursday citing three sources familiar with the decision. The shares have been priced at 32 riyals ($8.53), with a formal announcement expected later on Thursday, according to the news agency. That 1% is equiva


An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia.
DUBAI — Saudi Arabian Oil Company, or Saudi Aramco, has priced its shares at the top of its indicative range for its initial public offering (IPO), Reuters reported Thursday citing three sources familiar with the decision.
The shares have been priced at 32 riyals ($8.53), with a formal announcement expected later on Thursday, according to the news agency.
That 1% is equiva
Saudi Aramco prices shares at the top of the range for record IPO, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: natasha turak
Keywords: news, cnbc, companies, ipo, prices, range, stock, oil, billion, record, saudi, aramcos, riyals, public, shares, priced, worlds, aramco, report


Saudi Aramco prices shares at the top of the range for record IPO, report says

An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia.

DUBAI — Saudi Arabian Oil Company, or Saudi Aramco, has priced its shares at the top of its indicative range for its initial public offering (IPO), Reuters reported Thursday citing three sources familiar with the decision.

The shares have been priced at 32 riyals ($8.53), with a formal announcement expected later on Thursday, according to the news agency. This means it is set to raise $25.6 billion and will likely beat Alibaba to be the world’s largest ever stock market flotation.

The long-awaited IPO of the world’s largest and most profitable company will list locally on the Tadawul, Saudi Arabia’s stock exchange, and forms the centerpiece of Crown Prince Mohammed bin Salman’s Vision 2030 aimed at transforming the Saudi economy.

The pricing announcement will follow a-week long local roadshow around the Middle East that saw Aramco’s local listing oversubscribed by nearly three times, attracting offers worth 189.04 billion riyals ($50.4 billion), according to banks advising the listing. Institutional investors had between Nov. 17 and Dec. 4 to place their orders.

Aramco has said in the past that 0.5% of its listed shares would be available to individual retail buyers, while the remaining 1% would be for institutional investors. That 1% is equivalent to 2 billion shares. In the first two and a half weeks of Aramco’s bookbuilding period, it drew subscription orders for 5.9 billion shares.

Gulf allies in the United Arab Emirates and Kuwait have made substantial commitments to the Saudi project, with the Kuwait Investment Authority and Abu Dhabi reportedly investing up to $1 billion and $1.5 billion in the public offering, respectively, though they have not commented publicly on the matter.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: natasha turak
Keywords: news, cnbc, companies, ipo, prices, range, stock, oil, billion, record, saudi, aramcos, riyals, public, shares, priced, worlds, aramco, report


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This is where some of the world’s richest men shop for clothes

This is where some of the world’s richest men shop for clothesLocated on the world-famous Rodeo Drive in Beverly Hills is Stefano Ricci, a high-end men’s boutique where the world’s richest men shop for clothes.


This is where some of the world’s richest men shop for clothesLocated on the world-famous Rodeo Drive in Beverly Hills is Stefano Ricci, a high-end men’s boutique where the world’s richest men shop for clothes.
This is where some of the world’s richest men shop for clothes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04
Keywords: news, cnbc, companies, stefano, hills, worldfamous, mens, rodeo, richest, worlds, shop, clothes, ricci, men


This is where some of the world's richest men shop for clothes

This is where some of the world’s richest men shop for clothes

Located on the world-famous Rodeo Drive in Beverly Hills is Stefano Ricci, a high-end men’s boutique where the world’s richest men shop for clothes.


Company: cnbc, Activity: cnbc, Date: 2019-12-04
Keywords: news, cnbc, companies, stefano, hills, worldfamous, mens, rodeo, richest, worlds, shop, clothes, ricci, men


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This is where some of the world’s richest men shop for clothes—take a look at what they buy

Located on the world-famous Rodeo Drive in Beverly Hills, California is Stefano Ricci, a 5,000-square-foot, high-end men’s boutique where some of the world’s richest shop for clothes. 16-time Grammy award winner David Foster picks out a jacket coat with CEO Niccolo Ricci CNBC”I’m here to buy a suit,” Foster told CNBC. Keeping it exclusiveAndrea Bocelli and sons walk the runway at a Stefano Ricci fashion show in 2017. In 1993, Ricci opened the first Stefano Ricci boutique inside Shanghai’s five-s


Located on the world-famous Rodeo Drive in Beverly Hills, California is Stefano Ricci, a 5,000-square-foot, high-end men’s boutique where some of the world’s richest shop for clothes.
16-time Grammy award winner David Foster picks out a jacket coat with CEO Niccolo Ricci CNBC”I’m here to buy a suit,” Foster told CNBC.
Keeping it exclusiveAndrea Bocelli and sons walk the runway at a Stefano Ricci fashion show in 2017.
In 1993, Ricci opened the first Stefano Ricci boutique inside Shanghai’s five-s
This is where some of the world’s richest men shop for clothes—take a look at what they buy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: christopher dilella
Keywords: news, cnbc, companies, clothestake, stefano, crocodile, foster, richest, company, look, worlds, shop, transaction, riccis, niccolo, handmade, buy, ricci, men


This is where some of the world's richest men shop for clothes—take a look at what they buy

Located on the world-famous Rodeo Drive in Beverly Hills, California is Stefano Ricci, a 5,000-square-foot, high-end men’s boutique where some of the world’s richest shop for clothes.

Stefano Ricci Beverly Hills boutique CNBC

Everything inside the luxury retailer — from the clothes and shoes to the furniture — is handmade in Italy and designed by owner Stefano Ricci himself, who describes his typical client as as an outdoorsy alpha-male who loves art.

These crocodile leather boots cost $10,000 CNBC

A team of artisans and craftsman bring Ricci’s designs to life, from the designer’s $1,400 handmade silk shirts and $10,000 crocodile leather boots, to $53,000 diamond cuff links and even a $103,000 handmade crocodile coat with a mink collar.

CNBC

Stefano Ricci two-piece suits start at just under $6,000 and can go up to $12,000, depending on the material. The most popular selling item is a $2,800 crocodile belt; there’s a $124,000, 18-karat-gold and diamond-encrusted belt buckle to with it for clients with even deeper pockets.

A $124,000 18-karat gold and diamond encrusted belt buckle paired with a $2,800 crocodile belt. CNBC

“Our average transaction is more than $4,000,” company CEO (and Stefano’s son) Niccolo Ricci tells CNBC. “The largest transaction we had was a year ago on one credit card. It was $450,000.” Though the company declined to provide CNBC any additional details about the six-figure transaction, Niccolo says it included “a lot of outfits.”

The largest transaction we had was a year ago. It was $450,000. Niccolo Ricci Stefano Ricci CEO

Ricci, whose company is headquartered in Fiesole, Italy (just outside of Florence) and has dozens of locations around the world, has even had customers send their private planes to pick up clothes, he said in a recent interview.

The company is 100% family-owned by founder Stefano (center), his wife, Claudia, (not pictured), and the couple’s sons, creative director Filippo (left) and CEO Niccolo (right). Stefano Ricci

Stefano Ricci’s revenue in 2018 was 150 million euro (about $166 million) and sales were up 5% this summer compared to a year ago, according to director of communications Gianluca Tenti.

When celebrities shop

Over the years, Ricci’s clothes have been worn by celebrities including Tom Cruise, Michael Buble, Andrea Bocelli and Nelson Mandela. In 2015, Ricci even presented a silk vestment to Pope Francis during a papal visit to Florence.

Nelson Mandela wearing a Stefano Ricci shirt alongside the designer in 1995. Stefano Ricci

In fact, while CNBC was at Ricci’s Beverly Hills boutique, 16-time Grammy-award-winning songwriter David Foster came in to shop.

16-time Grammy award winner David Foster picks out a jacket coat with CEO Niccolo Ricci CNBC

“I’m here to buy a suit,” Foster told CNBC. “And you know I’m gonna buy other things too, because that’s just the way it is.” As Foster tried on an $8,900 sport jacket, he said he’s been wearing Stefano Ricci for five years. He was introduced to the brand after meeting the Ricci family at one of Bocelli’s charity events. After 20 minutes of shopping, Foster’s final tab for one suit, four handmade button-down shirts, three sport coats, two pairs of pants, one tie and one pocket square was $34,602.

The sales receipt of Stefano Ricci client David Foster totals to $34,602. CNBC

“Nobody likes to spend money on anything really, but you get what you pay for,” Foster said when asked about the boutique’s prices. “You know the only bonus to this? I get the miles on my American Express,” Foster said.

Keeping it exclusive

Andrea Bocelli and sons walk the runway at a Stefano Ricci fashion show in 2017. Stefano Ricci

In 1972, Ricci got his start designing and manufacturing men’s neckties and selling them to international brands like Saks Fifth Avenue and Neiman Marcus. Demand became so great, he expanded his business to include cotton dress shirts. It was on a trip to Shanghai decades later that Ricci decided he would open his first retail store in China. He reasoned that if everyone in China bought one of his ties for $1, he would have a billion dollars. In 1993, Ricci opened the first Stefano Ricci boutique inside Shanghai’s five-star Shangri-La hotel (now the Portman Ritz-Carlton). The decision was strategic: He knew the hotel would have a revolving door of well-to-do international clientele who could afford to spend $250 on a pleated necktie (that’s the equivalent of about $440 today). Today there are 69 Stefano Ricci retail boutiques worldwide and the brand is also at 20 department stores across the globe from Neiman Marcus to Harrods.

We prefer to lose money than sell our items at a discount. Gianluca Tenti Stefano Ricci Director of Communications


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: christopher dilella
Keywords: news, cnbc, companies, clothestake, stefano, crocodile, foster, richest, company, look, worlds, shop, transaction, riccis, niccolo, handmade, buy, ricci, men


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US futures point to slightly higher open

U.S. stock index futures were slightly higher on Tuesday. At around 03:40 a.m., Dow futures rose 24 points, indicating a positive open of more than 34 points. Futures on the S&P and Nasdaq were both marginally higher. The South American trade tariffs have rekindled broader concerns about a protracted dispute between the U.S. and China, with investors monitoring the prospect of a limited agreement. The U.S. president has joined other world leaders in the U.K.’s capital city to mark the 70th anniv


U.S. stock index futures were slightly higher on Tuesday.
At around 03:40 a.m., Dow futures rose 24 points, indicating a positive open of more than 34 points.
Futures on the S&P and Nasdaq were both marginally higher.
The South American trade tariffs have rekindled broader concerns about a protracted dispute between the U.S. and China, with investors monitoring the prospect of a limited agreement.
The U.S. president has joined other world leaders in the U.K.’s capital city to mark the 70th anniv
US futures point to slightly higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: sam meredith
Keywords: news, cnbc, companies, point, trade, world, futures, brazil, president, points, uks, slightly, worlds, open, higher, tariffs, worth


US futures point to slightly higher open

U.S. stock index futures were slightly higher on Tuesday.

At around 03:40 a.m., Dow futures rose 24 points, indicating a positive open of more than 34 points. Futures on the S&P and Nasdaq were both marginally higher.

Market focus is largely attuned to global trade developments, following President Donald Trump’s decision to impose steel and aluminum tariffs on imports from Brazil and Argentina.

The U.S. president suggested the move was necessary because Brazil and Argentina had been “presiding over a massive devaluation of their currencies.”

However, in recent months, both countries have been seeking to strengthen their respective currencies against the dollar.

The South American trade tariffs have rekindled broader concerns about a protracted dispute between the U.S. and China, with investors monitoring the prospect of a limited agreement.

Ahead of his trip to London on Monday, Trump said he was “very happy” the world’s two largest economies were holding talks to try to secure a so-called “phase one” agreement. The U.S. president has joined other world leaders in the U.K.’s capital city to mark the 70th anniversary of NATO.

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: sam meredith
Keywords: news, cnbc, companies, point, trade, world, futures, brazil, president, points, uks, slightly, worlds, open, higher, tariffs, worth


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Bridgewater’s co-CEO Eileen Murray is leaving the world’s largest hedge fund

Bridgewater’s co-CEO Eileen Murray is leaving the world’s largest hedge fund, a press release from the company on Tuesday said. Murray has been with the $160 billion hedge fund since 2008, and has been co-CEO since 2013. While at Bridgewater, Murray headed partnerships with BNY Mellon and Northern Trust, oversaw Bridgewater’s long-term real estate fulfillment strategy and started the firm’s Diversity and Inclusion Council, among other things. Murray is one of the most senior women in the hedge f


Bridgewater’s co-CEO Eileen Murray is leaving the world’s largest hedge fund, a press release from the company on Tuesday said.
Murray has been with the $160 billion hedge fund since 2008, and has been co-CEO since 2013.
While at Bridgewater, Murray headed partnerships with BNY Mellon and Northern Trust, oversaw Bridgewater’s long-term real estate fulfillment strategy and started the firm’s Diversity and Inclusion Council, among other things.
Murray is one of the most senior women in the hedge f
Bridgewater’s co-CEO Eileen Murray is leaving the world’s largest hedge fund Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: pippa stevens
Keywords: news, cnbc, companies, fund, street, step, worlds, eileen, release, leaving, murray, wall, largest, hedge, bridgewater, bridgewaters, position, coceo


Bridgewater's co-CEO Eileen Murray is leaving the world's largest hedge fund

Eileen Murray, co-chief executive officer of Bridgewater Associates LP, speaks during the Bloomberg Business of Equality conference in New York, U.S., on Tuesday, May 8, 2018.

Bridgewater’s co-CEO Eileen Murray is leaving the world’s largest hedge fund, a press release from the company on Tuesday said.

She will step down at the end of the first quarter to pursue “the next chapter in her career,” the release said. Current co-CEO David McCormick, who has held the position since 2017, will remain as the sole CEO.

Murray has been with the $160 billion hedge fund since 2008, and has been co-CEO since 2013. She helped lead the company during a transitional time, which saw founder Ray Dalio step aside as CEO.

While at Bridgewater, Murray headed partnerships with BNY Mellon and Northern Trust, oversaw Bridgewater’s long-term real estate fulfillment strategy and started the firm’s Diversity and Inclusion Council, among other things.

Murray is one of the most senior women in the hedge fund industry. Before joining Bridgewater she held leadership positions at both Morgan Stanley and Credit Suisse during her more than two-decade Wall Street career.

“I want to let you know that after much thoughtful deliberation, I have decided that at the end of Q1 2020 to take a break and consider what will come next for me,” Murray wrote in a note to colleagues. “This is my natural next step now because I have achieved my major goals and am looking for new challenges and opportunities. Still, it is with mixed feelings that I’m leaving because I love so many of the people at Bridgewater.”

Murray did not say where she is headed next. In May, The Wall Street Journal reported that Murray was approached to fill the then-open CEO position at Wells Fargo. On October 21 Charles Scharf became CEO of the bank.

– CNBC’s Maggie Fitzgerald contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: pippa stevens
Keywords: news, cnbc, companies, fund, street, step, worlds, eileen, release, leaving, murray, wall, largest, hedge, bridgewater, bridgewaters, position, coceo


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Here’s what each NATO country contributes financially to the world’s strongest military alliance

WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough. Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending. In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014. “So we’re paying 4 to 4.3% when Germany’s payin


WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough.
Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending.
In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014.
“So we’re paying 4 to 4.3% when Germany’s payin
Here’s what each NATO country contributes financially to the world’s strongest military alliance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: amanda macias nate rattner, amanda macias, nate rattner
Keywords: news, cnbc, companies, worlds, spending, london, strongest, heres, alliance, paying, meeting, trump, gdp, military, financially, set, spends, country, allies, contributes, nato


Here's what each NATO country contributes financially to the world's strongest military alliance

WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough.

Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending. In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014.

“So we’re paying 4 to 4.3% when Germany’s paying 1 to 1.2% at max 1.2% of a much smaller GDP. That’s not fair,” Trump said Tuesday.

According to the latest NATO figures, the U.S. spends less than Trump noted, at 3.42% of GDP on defense while Germany now spends 1.38%, which is an increase of about 11% from last year.

Germany is only one of 19 NATO members that have not met the 2% GDP spending goal set at the 2014 NATO summit in Wales.

Read more: Three charts that show why Trump thinks NATO is a bad deal

Ahead of the leaders meeting in London, NATO Secretary Jens Stoltenberg announced that defense spending across European allies and Canada increased in real terms by 4.6 % in 2019 — making this the fifth consecutive year of growth.

Stoltenberg also said that by the end of 2020, allies will have invested $130 billion more since 2016.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: amanda macias nate rattner, amanda macias, nate rattner
Keywords: news, cnbc, companies, worlds, spending, london, strongest, heres, alliance, paying, meeting, trump, gdp, military, financially, set, spends, country, allies, contributes, nato


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Verizon CEO says he doesn’t want a 5G ‘cold war’ between the US and China

Verizon CEO Hans Vestberg told CNBC on Tuesday that he does not want geopolitical tensions around 5G technology to become further inflamed. Asked whether he thought the fight between the U.S. and Chinese tech giant Huawei could result in a so-called 5G cold war, creating a fractured global network, Vestberg said, “I hope not.” Vestberg’s followed the announcement Tuesday that Verizon was partnering with Amazon Web Services to incorporate AWS’ WaveLength technology into parts of its wireless netw


Verizon CEO Hans Vestberg told CNBC on Tuesday that he does not want geopolitical tensions around 5G technology to become further inflamed.
Asked whether he thought the fight between the U.S. and Chinese tech giant Huawei could result in a so-called 5G cold war, creating a fractured global network, Vestberg said, “I hope not.”
Vestberg’s followed the announcement Tuesday that Verizon was partnering with Amazon Web Services to incorporate AWS’ WaveLength technology into parts of its wireless netw
Verizon CEO says he doesn’t want a 5G ‘cold war’ between the US and China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, technology, vestberg, verizon, largest, war, told, cold, phone, china, ceo, network, doesnt, worlds, country, huawei


Verizon CEO says he doesn't want a 5G 'cold war' between the US and China

Verizon CEO Hans Vestberg told CNBC on Tuesday that he does not want geopolitical tensions around 5G technology to become further inflamed.

Asked whether he thought the fight between the U.S. and Chinese tech giant Huawei could result in a so-called 5G cold war, creating a fractured global network, Vestberg said, “I hope not.”

“Because one of the beauties of this industry is that we’ve done standardization, which means that you can bring your phone from whichever country you’re in and go to another country and it works,” Vestberg told CNBC’s Jon Fortt on “Power Lunch.”

“That has been the most accessible technology in the world,” Vestberg added.

Vestberg’s followed the announcement Tuesday that Verizon was partnering with Amazon Web Services to incorporate AWS’ WaveLength technology into parts of its wireless network.

5G is a next-generation mobile network that promises fast data speeds and other capabilities to support emerging technologies such as self-driving cars.

Products from Huawei, the world’s largest telecom equipment maker, are used by 45 of the world’s 50 largest phone carriers, according to The Associated Press.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, technology, vestberg, verizon, largest, war, told, cold, phone, china, ceo, network, doesnt, worlds, country, huawei


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London named the most vegan-friendly city in the world

London has been named the world’s most vegan-friendly city, according to an annual ranking from an online restaurant guide. HappyCow’s top 10 rankings were determined by the number of vegan restaurants within a closely proximity and its overall impression of each city’s “vegan-friendliness.” London currently has 152 vegan restaurants and it was the first city on HappyCow to have more than 100 completely vegan restaurants in 2017. “Veganism continues to become a mainstream lifestyle in London, an


London has been named the world’s most vegan-friendly city, according to an annual ranking from an online restaurant guide.
HappyCow’s top 10 rankings were determined by the number of vegan restaurants within a closely proximity and its overall impression of each city’s “vegan-friendliness.”
London currently has 152 vegan restaurants and it was the first city on HappyCow to have more than 100 completely vegan restaurants in 2017.
“Veganism continues to become a mainstream lifestyle in London, an
London named the most vegan-friendly city in the world Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: vicky mckeever
Keywords: news, cnbc, companies, world, city, london, vegan, worlds, veganfriendly, spector, happycow, restaurants, rankings, veganism, named, shop


London named the most vegan-friendly city in the world

London has been named the world’s most vegan-friendly city, according to an annual ranking from an online restaurant guide.

The U.K. capital came top for a second year, in the rankings put together by HappyCow, which claims to be the largest vegan and vegetarian restaurant guide in the world, looking at options in more than 180 countries.

HappyCow’s top 10 rankings were determined by the number of vegan restaurants within a closely proximity and its overall impression of each city’s “vegan-friendliness.”

London currently has 152 vegan restaurants and it was the first city on HappyCow to have more than 100 completely vegan restaurants in 2017.

Specialist eateries in the capital include the world’s first vegan “chicken” shop, The Temple of Seitan, as well as the U.K.’s first vegan cheese shop La Fauxmagerie.

“Veganism continues to become a mainstream lifestyle in London, and this city takes veganism to a new level,” said Ken Spector, a spokesperson for HappyCow.

The number of vegans in the U.K. has quadrupled between 2014 and 2019, with around 600,000 Britons now on a plant-based diet, equivalent to more than 1% of the population, according to charity The Vegan Society.

New York came second on the list, with 111 restaurants in a five-mile radius of the city.

Bangkok, Thailand was the only city to be added to the rankings this year, coming in eighth. HappyCow counted 74 vegan restaurants in the city. Spector said that most restaurants have “solid vegan options” on the menu thanks to Bangkok’s “predominantly Buddhist background.”

HappyCow cited data from Google Trends, which showed interest in “veganism” increased sevenfold in the five years between 2014 and 2019.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: vicky mckeever
Keywords: news, cnbc, companies, world, city, london, vegan, worlds, veganfriendly, spector, happycow, restaurants, rankings, veganism, named, shop


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Traveling on a budget? Here are the world’s cheapest, and costliest, cities to visit

Booking an urban adventure packed with excitement, entertainment and cultural engagement doesn’t have to bust your budget, according to U.K.-based Starling Bank. Todd Brown | The Image Bank | Getty Images1. Delhi, India A day spent touring the capital territory of India will only cost you $35.56. Free attractions include the Batu Caves, one of the most popular Hindu shrines to be found outside India, and the Bukit Bintang shopping and entertainment district. The cheapest dinners and drinks, on a


Booking an urban adventure packed with excitement, entertainment and cultural engagement doesn’t have to bust your budget, according to U.K.-based Starling Bank.
Todd Brown | The Image Bank | Getty Images1.
Delhi, India A day spent touring the capital territory of India will only cost you $35.56.
Free attractions include the Batu Caves, one of the most popular Hindu shrines to be found outside India, and the Bukit Bintang shopping and entertainment district.
The cheapest dinners and drinks, on a
Traveling on a budget? Here are the world’s cheapest, and costliest, cities to visit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-01  Authors: kenneth kiesnoski
Keywords: news, cnbc, companies, worlds, traveling, starling, capital, cheapest, cities, day, world, attractions, budget, getty, free, average, india, visit, bank, costliest


Traveling on a budget? Here are the world's cheapest, and costliest, cities to visit

Virojt Changyencham | Moment | Getty Images

Dreaming of a big city escape somewhere around the world, yet dreading a big credit-card bill when you get home? Booking an urban adventure packed with excitement, entertainment and cultural engagement doesn’t have to bust your budget, according to U.K.-based Starling Bank. The firm analyzed 35 cities worldwide, comparing metrics such as hotel, food, public transit and attractions prices, to determine an average daily cost to visitors. It also developed a calculator to help visitors to see how far 100 British pounds (about $129) a day will get them around the world. The tool can be sampled here. Three of the top five spots for affordability turned out to be in Asia. The least affordable destinations were in North America (four of them) or Europe (one).

Head to Asia for deals

The Jama Masjid in New Delhi dates to the mid-17th century. Todd Brown | The Image Bank | Getty Images

1. Delhi, India A day spent touring the capital territory of India will only cost you $35.56. Top sights? The India Gate military memorial and 17th century Jama Masjid mosque in New Delhi are both free to the public. The tab for a three-course Indian meal? Figure about $8.61. A round-trip ride on public transit costs 89 cents, and the average attraction entry ticket runs about $4, Starling found. 2. Cairo, Egypt With daily costs of just $36.82, Cairo will leave you “feeling like a pharaoh,” according to Starling. Hotel rooms in Egypt’s capital can be had for $18.17 a night, on average, while the check for a “luxury” meal might only add up to $8.59. Entrance to the pyramid complex at Giza costs about $9, with added fees for actual pyramid access. A bus ride there and back from the city center? About 60 cents total. 3. Istanbul, Turkey Bridging Europe and Asia, history-steeped Istanbul can be yours for just $44.74 a day. Views of the Blue Mosque and Hagia Sophia are free, as is strolling the Grand Bazaar, where you can pick up treasures and treats for a song. (Turkish delight, anyone?) Wind down by watching whirling dervishes, simmering in a Turkish bath or ferrying across the Bosphorus Strait. Fill up on kebabs and baklava at about $16 a meal. More from Personal Finance:

As road trips soar, Americans head to these 10 spots

How to pick the best travel rewards credit card

This app makes clearing customs a breeze 4. Kuala Lumpur, Malaysia Malaysia’s capital is popular with backpackers for a reason. Stays can total just $50.80 day if you pinch your pennies. Free attractions include the Batu Caves, one of the most popular Hindu shrines to be found outside India, and the Bukit Bintang shopping and entertainment district. Dinner or lunch will run you about $11 a pop. 5. Beijing, China It’ll set you back just $52.64 a day to explore the capital of the People’s Republic of China. Top attractions in Beijing cost just about $8 on average and there’s plenty to see and do. Scale the Great Wall of China, wander Tiananmen Square or inspect the recesses of the Forbidden City without breaking the bank. Metro fares are about 50 cents for travel within an 8-mile radius. And then there’s all that Chinese food …

Eat, see on the cheap

El Camino Street in the La Boca district of Buenos Aires. Buena Vista Images | The Image Bank | Getty Images

The three world cities where the generally agreed-upon top attractions are free or the least expensive are, according to Starling, Sydney, Australia; Santiago, Chile; and Buenos Aires, Argentina. Down Under, the Sydney Harbour Bridge and Bondi Beach can both be accessed free of charge. Santiago’s views of the surrounding Andes Mountains are free, as are strolls through Plaza de Armas square and climbs up San Cristobal and Santa Lucia hills. In Buenos Aires, tango your way through the streets of the colorful La Boca district or explore the alternately creepy and stunning confines of La Recoleta Cemetery — all for nothing. The cheapest dinners and drinks, on average, to be found in the cities surveyed can be found in Bangkok. A local dish — be it tom yum goong (shrimp soup) or khao pad (fried rice) — plus a bottle of water will set you back only $2.25 in the capital of Thailand, Starling found.

Budget busters

Busakorn Pongparnit | Moment | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-12-01  Authors: kenneth kiesnoski
Keywords: news, cnbc, companies, worlds, traveling, starling, capital, cheapest, cities, day, world, attractions, budget, getty, free, average, india, visit, bank, costliest


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Treasury yields tick lower amid US-China trade tensions

U.S. government debt prices were higher Friday morning, as investors turned cautious over trade developments between the world’s two largest economies. ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7654%, while the yield on the 30-year Treasury bond was also lower at around 2.1879%. The laws, which were introduced to protect Hong Kong’s rights and autonomy, threaten to torpedo efforts to end a protracted trade dispute between the U.S. and China. I


U.S. government debt prices were higher Friday morning, as investors turned cautious over trade developments between the world’s two largest economies.
ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7654%, while the yield on the 30-year Treasury bond was also lower at around 2.1879%.
The laws, which were introduced to protect Hong Kong’s rights and autonomy, threaten to torpedo efforts to end a protracted trade dispute between the U.S. and China.
I
Treasury yields tick lower amid US-China trade tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: sam meredith
Keywords: news, cnbc, companies, tick, higher, trade, markets, yield, lower, amid, treasury, hong, worlds, bond, worth, yields, tensions, uschina


Treasury yields tick lower amid US-China trade tensions

U.S. government debt prices were higher Friday morning, as investors turned cautious over trade developments between the world’s two largest economies.

At 03:30 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7654%, while the yield on the 30-year Treasury bond was also lower at around 2.1879%.

Market participants will observe a shortened trading session on Friday, following Thursday’s Thanksgiving holiday.

Earlier this week, President Donald Trump signed into law two bills supporting Hong Kong protesters. The laws, which were introduced to protect Hong Kong’s rights and autonomy, threaten to torpedo efforts to end a protracted trade dispute between the U.S. and China.

China’s Ministry of Foreign Affairs responded to the move by accusing the White House of having “sinister intentions,” before adding it would take “firm counter measures” if the U.S. continued to interfere in Hong Kong.

It is thought the episode could dash hopes of Washington and Beijing reaching a so-called “phase one” trade deal, which had moved markets higher earlier in the week.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

There are no Treasury bond auctions or major economic data reports set to be released on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: sam meredith
Keywords: news, cnbc, companies, tick, higher, trade, markets, yield, lower, amid, treasury, hong, worlds, bond, worth, yields, tensions, uschina


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