Donald Trump just asked Saudi Aramco to list in New York… via Twitter

After a very brief hiatus on Thursday, Donald Trump is back on Twitter. And he's wasted no time in getting back to trying to Make America Great Again.

First order of business: bolstering the New York Stock Exchange. Trump tweeted today that he would "very much appreciate" Saudi Aramco choosing New York for its IPO.

Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!

— Donald J. Trump (@realDonaldTrump) November 4, 2017

The Saudi oil giant has previously been tipped to list in London, prompting a major debate in the City over whether to bend Stock Exchange rules to allow the high-value IPO.

But the President has sought to entice the company across the pond. His visit to Saudi Arabia in May heralded the signing of billions of dollars worth of contracts between US and Saudi companies, including 16 agreements with Saudi Aramco.

Rumours that Saudi Aramco might shelve its IPO plans in the face of delays were refuted last month by the company, which reaffirmed it would float in 2018.

Nasdaq, the S&P 500 and Dow all closed at record highs yesterday. Trump also tweeted to note this, and said that 1.5 million new jobs had been created since he took office.

Unemployment is down to 4.1%, lowest in 17 years. 1.5 million new jobs created since I took office. Highest stock Market ever, up $5.4 trill

— Donald J. Trump (@realDonaldTrump) November 4, 2017

Let's block ads! (Why?)

Original Article

Previous Post
Next Post