Finance

Saudi Aramco IPO’s institutional tranche oversubscribed: source

RIYADH/DUBAI (Reuters) – The institutional tranche of Saudi Aramco’s initial public offering (IPO) has been oversubscribed while the retail portion has received a little more than 10 billion riyals ($2.67 billion) in orders so far, a banking source told Reuters. Earlier on Thursday, Saudi-owned news channel Al-Arabiya, citing a banking source, said the institutional tranche …

Finance

U.S. federal judge halts Trump administration’s bid to resume executions

(Reuters) – A U.S. federal judge has ordered a temporary halt to the scheduled executions next month of four inmates, saying that President Donald Trump’s administration lacked legal authorization to use its intended lethal-injection drug. The ruling, late on Wednesday by District Judge Tanya Chutkan, effectively blocks the Justice Department’s attempt to resume the use …

Finance

U.S. FERC set to approve construction of four LNG export projects in Texas

(Reuters) – The U.S. Federal Energy Regulatory Commission (FERC) is scheduled on Thursday to vote on four proposed liquefied natural gas (LNG) export facilities in Texas totaling about 6.2 billion cubic feet per day (bcfd) of capacity. The projects are NextDecade Corp’s (O:NEXT) 3.6-bcfd Rio Grande, Cheniere Energy Inc’s (A:LNG) 1.5-bcfd Corpus Christi Midscale, Exelon …