beijing: Investors remain wary of the U.K.'s possible departure from the European Union without a deal in the fall under the leadership of Prime Minister Boris Johnson, according to The Japan Times. Continued anti-government protests in Hong Kong and China's response thus far have also stoked speculation that Beijing may use force to crush demonstrations. The state oil giant, known as Aramco, is planning to split what would be the world's largest IPO into two steps debuting a portion of its shares on the Saudi stock exchange later this year, followed by an international offering in 2020 or 2021, according to the U.S. business daily, which cited people familiar with the plans. ; The company is leaning toward Tokyo as the venue for the second phase of its proposed plan as political uncertainty in the U.K. and China has reduced the appeal of London and Hong Kong's markets, the report said. The corporate value of Aramco is believed to be 2 trillion. Twitter Facebook Linked In LATEST BUSINESS STORIESU.S. slaps fresh tariffs on Chinese goods in escalation of trade war The United States on Sunday slapped China with the first stage of a new round of tariffs that will see nearly all Chinese imports taxed, further fueling tensions in the tit-for-tat trade war bet... Expected last-minute demand before Japan's tax hike failing to meet expectations Consumer demand for products ahead of the planned consumption tax hike from 8 percent to 10 percent in October has been patchy compared with the previous increase carried out in April 2014. Earlier, the Tokyo Stock Exchange was thought to have dropped off the list of candidates for the IPO. If Aramco picks the TSE for the international public offering, it will likely boost the global presence of the market.
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