Saudi Arabian Oil Co. is ready for its initial public offering in the second half of 2018. Bloomberg published on Friday selected data from what it reported to be the company’s 1H17 IFRS financial statement. However, Saudi Aramco said in a statement these were “inaccurate”. If the reported data is accurate, BoAML’s experts make the following observations based on already published fiscal data.
It has been revealed this week that Spain’s public debt has exceeded 100% of GDP for the first time, reaching 1.095 billion euros. According to the Bank of Spain, this figure represents about 101% of GDP. Almost at the same time, Bloomberg published a graph showing that this level had not been seen since 1909, as well as the level of debt during the Spanish Civil War. With just one month to go to new elections in Spain is this graph oportunistic?
By Skip Worden | The “speed-journalism” at Bloomberg has been a practice at the expense of the customers who were subscribing to the company’s financial-information terminals. They are needed, but what about trusted?
