A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
There will be six global coordinators of the IPO, sources said. The listing is expected to value the world's most profitable oil company at more than $1.5 trillion, bankers say, and Crown Prince Mohammed bin Salman has pushed for a valuation of as much as $2 trillion.
As CNBC first reported on Sunday, J.P. Morgan will likely be the lead underwriter. Saudi Arabia is pushing ahead with the listing for as early as this November, first on the domestic Saudi exchange and then London or New York next year.
Morgan Stanley and the local National Commercial Bank of Saudi Arabia will also be underwriters on the deal, the Wall Street Journal reported.