Reliance selling stake Yesterday, Reliance Industries (RIL) announced that Saudi Aramco has agreed to take 20% stake in its refining and petrochemicals business, described as the Oil to Chemicals (O2C) division. Hidden Message and Moral of the story : DEBT problem.... no one can able to handle debt... old days are gone... Debt...Debt...Debt...
As usual, China said they were going to be buying “big” from our great American Farmers. So far they have not done what they said. Maybe this will be different!