Bank of America (BOFA) Merrill Lynch estimates Aramco's valuation at $1.2 trillion to $2.3 trillion while EFG Hermes has a valuation of $1.55 trillion to $2.1 trillion, two fund managers who have seen the research reports told Reuters .
The short video, set to a recording of a man's hysterical laughter, goes behind the scenes of the cooking process of Panera's mac and cheese , which involves dipping a frozen bag of the pasta dish into a Value-Added Tax of boiling water, cutting it open, and dumping it into a bowl ready to be served.
It did not immediately offer any timeline for the IPO. The fate of Aramco is fundamental to world energy supplies - which was illustrated when oil prices were sent spiking after two of its facilities were targeted with strikes in September , temporarily knocking production down by half.
US officials have said the two sides were close to an agreement in May, but talks faltered when China backtracked on commitments to change its laws to resolve core USA complaints about theft of intellectual property, forced technology transfers and other practices.
The unemployment rate edged up by 0.1 percentage point to 3.6 percent, after hitting 3.5 percent in September, the lowest since December 1969. Input prices were unchanged over the month, the first time they have failed to rise in over three-and-a-half years.
China trade talks will be resolved", said Brian Kessens, portfolio manager at Tortoise, a Kansas firm that oversees more than $21 billion in assets. The pipeline also flows to Cushing, where the outage is expected to drain inventories. A Reuters survey showed on Thursday that oil prices are likely to remain pressured this year and next.