BHP signs an agreement with Shell to fuel its five LNG driven carriers for five years. The agreement is a part of BHP's target to reduce emission levels by 40 percent by 2030.
2020’s Much-awaited Airbnb IPO Set to Launch In December! Airbnb’s listing is planned for December 2020 on NASDAQ. The homestay rental firm expects to price its shares between USD 44 and USD 50 per share. Airbnb may soon start a roadshow to showcase its pitch to investors.
* Salesforce to acquire Slack Technologies, Signs a Definitive Agreement As per the terms of the deal, the shareholders of Slack would get US$26.79 in cash along with 0.0776 shares of Salesforce common stock for every Slack share, which represents an enterprise value of ~US$27.7 billion based on the price of the common stock of Salesforce by the end of the day’s trade on 30 November 2020.
* OPEC+ Delays Production Cut Decision, November Rally Halts The Brent futures more than tripled since the March 2020 quarter, with Brent oil soaring from the levels of USD 15.98 per barrel (intraday low on 22 April 2020) to reach a high of USD 49.09 per barrel (as of 28 November 2020), marking a price appreciation of ~ 207 percent.