Blackstone, Carlyle Are Said to Bid for Jet Maintenance Firm - Bloomberg:
Buyout firms Blackstone Group LP, Carlyle Group LP and Warburg Pincus have made it to the final round of bidding to buy aircraft maintenance provider StandardAero Aviation Holdings Inc. from Veritas Capital, people familiar with the matter said.
Final bids for the business, which could fetch an enterprise valuation of as much as $5 billion, are due in mid-December, said the people, who who asked not to be identified because the discussions are private. The bids include about $3 billion of debt financing, the people said.
Saturday, 1 December 2018
Oil Skids to Worst Loss in 10 Years as Market Waits on OPEC+ Cut - Bloomberg
Oil Skids to Worst Loss in 10 Years as Market Waits on OPEC+ Cut - Bloomberg:
Oil closed out its worst month since the global financial crisis a decade ago, as all eyes turned to this weekend’s G-20 summit for signs that Saudi Arabia and Russia can head off a worldwide supply glut.
Crude futures made up some ground Friday after an OPEC advisory committee recommended a 1.3 million cut to the cartel’s daily output. Still, prices finished down 22 percent for November, the deepest slide since October 2008. That capped a volatile month beset by worries about booming production and the impact of international trade tensions.
Investors are now focused on the G-20 summit in Argentina, where leaders from the U.S., Russia and Saudi Arabia -- the world’s three biggest oil producers -- will gather in a prelude to a key OPEC meeting next week in Vienna. Russian Energy Minister Alexander Novak said earlier on Friday that he was comfortable with prices where they currently are, adding to uncertainty about what top oil exporters can agree on.
Oil closed out its worst month since the global financial crisis a decade ago, as all eyes turned to this weekend’s G-20 summit for signs that Saudi Arabia and Russia can head off a worldwide supply glut.
Crude futures made up some ground Friday after an OPEC advisory committee recommended a 1.3 million cut to the cartel’s daily output. Still, prices finished down 22 percent for November, the deepest slide since October 2008. That capped a volatile month beset by worries about booming production and the impact of international trade tensions.
Investors are now focused on the G-20 summit in Argentina, where leaders from the U.S., Russia and Saudi Arabia -- the world’s three biggest oil producers -- will gather in a prelude to a key OPEC meeting next week in Vienna. Russian Energy Minister Alexander Novak said earlier on Friday that he was comfortable with prices where they currently are, adding to uncertainty about what top oil exporters can agree on.
G20 Argentina: Saudi prince's international standing revealed - BBC News
G20 Argentina: Saudi prince's international standing revealed - BBC News:
For Mohammed bin Salman, the G20 summit was always going to be a test. This was the first time the Saudi Crown Prince had appeared on the international stage since the murder of Jamal Khashoggi.
And there have been widespread accusations that the killing of the Saudi journalist was ordered at the highest levels of the Saudi government.
So the summit in Buenos Aires was a chance to assess the scale of the international isolation the Saudi prince was or was not facing.
For Mohammed bin Salman, the G20 summit was always going to be a test. This was the first time the Saudi Crown Prince had appeared on the international stage since the murder of Jamal Khashoggi.
And there have been widespread accusations that the killing of the Saudi journalist was ordered at the highest levels of the Saudi government.
So the summit in Buenos Aires was a chance to assess the scale of the international isolation the Saudi prince was or was not facing.
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