IPO
Saudi Aramco’s Slow Progress on IPO
The energy behemoth that is Saudi Aramco, had planned to IPO its energy trading unit, however, things haven’t progressed as well as planned and currently hitting a snag.
ETFs
Cathie Wood-linked ETF Shut Down by Canadian Regulators
Cathie Wood and her ETF’s were for a short time the darling of new-age investors…until they weren’t. A Canadian-ETF fund linked to Wood’s funds, Emerge Canada Inc, was shut down by Canadian regulators as the Canadian fund owes millions with inadequate funds to pay off its debts.
MARKETS
Bank of England Raises Rates
The Bank of England raised rates by 0.25% to 4.5%, the highest since 2008. This is the 12th consecutive increase in rates by the BoE to stave off inflation. Everything is fine.
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