Latest
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Corporate News
Chilean retailer Falabella aims to close several major asset sales
Falabella SA, Chile’s second-largest retail group by sales, expects to close several more “major” asset sales this year as part of its plan to raise US$850mil to US$1bil and help improve its credit metrics, says chief executive officer Alejandro Gonzalez.
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Commodities
LME takes aim at traders’ Russian metal games with new rules
The London Metal Exchange (LME) is imposing new rules surrounding the movement of metal in its warehousing network, taking aim at a lucrative and complex trading opportunity that emerged after the imposition of sanctions on Russian metal earlier this month.
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Markets
UK stocks may finally be back in fashion
London’s FTSE-100 hit a record high, raising hopes that Britain’s stock market might finally be shaking off years of underperformance as investors look for bargains and UK growth picks up.
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Corporate News
Fajarbaru secures RM252mil contract from WCT
Fajarbaru Builder Group Bhd has been awarded a contract worth RM252.26mil from WCT Holdings Bhd, bringing its total construction order book to RM1.2bil.
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Insight
Has Wall Street peaked too early this year?
History suggests Wall Street’s recent 5% mini-correction won’t be its last this year but stocks face potentially higher earnings and interest rate hurdles in the second half of the year if investors’ bullish expectations are to be met.
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Corporate News
Texas Instruments gives solid forecast in sign of comeback
Texas Instruments Inc gives a bullish revenue forecast for the current quarter, indicating that a slump in demand for industrial and automotive components may be easing.
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Economy
Chemical recycling to reduce plastic waste
A recent report has called for intensified efforts to tap chemical recycling as a key solution to addressing plastic pollution, considering its potential to dispose of low-value plastic waste that is difficult to recycle.
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Economy
Vietnam businesses concerned about rising forex woes
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the foreign exchange or forex rate since April 19, the greenback has remained high directly affecting many domestic enterprises.
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Economy
Scrap processing makes many villagers richer
Over the past 30 years, many people in Khoai Village of Van Lam District, Hung Yen Province have rapidly gotten rich, many of them even becoming billionaires, thanks to travelling all over the country buying scrap and recycling.
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Corporate News
Funds raised by Singapore’s tech startups up 59% in 2023
Singapore’s early-stage emerging technology startups raised US$402mil in funding in 2023, up 59% from the US$253mil raised in 2022, says national investment arm SGInnovate.
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Corporate News
Helping more city-state F&B businesses to expand overseas
Plans are afoot to help more Singapore food and beverage (F&B) businesses expand overseas.
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Corporate News
Investors revolt as Woodside expands in oil and gas
Major investors are opposing Woodside Energy Group Ltd’s climate plans and the chairman’s re-election, raising questions about the strategy of Australia’s largest energy company as it rushes to expand oil and natural gas output.
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Corporate News
Enphase sees soft solar market rebounding despite weak sales
Solar equipment giant Enphase Energy Inc sees the sluggish US rooftop market rebounding this year even as the company forecast disappointing sales for the second quarter.
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Corporate News
UK firms told to ‘urgently review’ green claims
Firms operating in Britain are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take effect at the end of next month.
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Economy
Singapore's core inflation cools more than expected
Singapore’s core inflation eased more than expected in March as prices of food and services rose at a slower pace, with overall inflation dropping to a 2½-year low.
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Corporate News
Chinese knockoff raid jolts a throng of fake-fashion influencers
Christmas came early last year for Brandon Lee King, a youthful online influencer who lives near Birmingham, England.
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Insight
‘Overcapacity’ an excuse to target ‘Made-in-China’
Recently, some US and EU officials have said China’s overcapacity distorts global pricing and production patterns. Concur-rently, the Joe Biden administration is considering imposing high tariffs on Chinese steel and aluminum, potentially opening a new front in the ongoing trade conflicts in order to contain Beijing’s “Made in China” drive.
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Football
Coach Garrido sorry for failure in Asian U-23 campaign
PETALING JAYA: “We are truly sorry.” Those were the words uttered by coach Juan Torres Garrido after his boys failed to collect any points and scored only one goal in their group D outing in the AFC Under-23 Asian Cup.
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Football
Soccer-Klopp apologises to Liverpool supporters after huge blow to title hopes
LIVERPOOL (Reuters) - Liverpool manager Juergen Klopp apologised to fans after a 2-0 loss to Everton in the Merseyside derby that all but extinguished their faint hopes of winning the Premier League title.
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World
Brazil's government submits rules to streamline consumption taxes
BRASILIA (Reuters) - Brazil's government submitted proposed rules to Congress on Wednesday to carry out a historic tax overhaul approved last year, a key element of President Luiz Inacio Lula da Silva's strategy to foster growth in Latin America's largest economy.