Latest
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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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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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Economy
New Zealand 1Q imports fall amid sluggish economy
New Zealand imports fell to the lowest since mid-2021 in the first quarter as a weak economy stems demand from consumers and businesses.
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Property
Vietnam retail centres to pay more attention to green standards
Investors in new shopping centres and retail spaces in Vietnam are gradually paying more attention to green standards from the very first steps of development, experts say.
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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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Corporate News
Tesla to accelerate launch of cheaper cars after sales miss
Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.
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Corporate News
Kering says profit likely to tumble
Kering SA warns that profit will plunge in the first half of the year as the crisis at Gucci, its biggest brand, deepens.
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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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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
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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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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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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Insight
How oil shocks can be less shocking
It has been over seven months since the Israel-Hamas War erupted on Oct 7, 2023. Prices of Brent crude, the international benchmark, have broadly stayed range-bound though it has hit a high of US$92.16 for a barrel of crude oil (bbl) on Oct 16, 2023 and US$90.48 per bbl on April 5, 2024.
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Commodities
Gold prices surge to new all-time highs
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.