(Bloomberg) -- The United Arab Emirates’ biggest oil company offered a 5.5% stake in its drilling unit to investors in a rare such deal for the region.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorState-run Abu Dhabi National Oil Co. plans to offload about 880
Goldman said the British central bank will start reducing interest rates from August, dropping its earlier forecast of cuts beginning in June. The consumer price index (CPI) rose by 2.3% in the 12 months to April, down sharply from March's 3.2% increase and its lowest since July 2021, the UK's Office for National Statistics said on Wednesday. But the BoE and economists polled by Reuters had forecast a bigger drop to 2.1%, just above the central bank's 2% target, after a big cut to household energy tariffs in April.
According to the average brokerage recommendation (ABR), one should invest in Goldman (GS). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?