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KUALA LUMPUR: Utility and infrastructure group MMC Corp is reviving an initial public offering plan for its port assets, which could be the biggest listing in the country since 2012, according to people familiar with the matter.
SYDNEY: Shareholders of Crown Resorts Ltd voted against executive pay at the company’s AGM, a step toward removing the board, as the Australian casino giant apologised for corporate governance failings.
JAKARTA: Indonesia needs broad-based tax reform to boost its revenue in the long run so that the country can minimise the impact of spending adjustments and fund its development projects, the International Monetary Fund (IMF) has said.
MILAN: Hermes' comparable sales picked up in the third quarter, rising 7%, and the Birkin bag maker said this positive momentum had extended into October after a strong rebound in Asia and surging online revenues.
KUALA LUMPUR: AmInvestment Research upgraded its call on the transportation & logistics sector to Neutral from Underweight with MMC Corporation (Buy, FV RM1.56) and Westports (Buy, FV RM4.45), as top picks.
WASHINGTON: The United States and China dealt with the spread of the devastating coronavirus pandemic in vastly different ways, and that split is reshaping the global battle between the world's two leading economies.
NEW YORK/AMSTERDAM: Nearly two-thirds of U.S. states were in a danger zone of coronavirus spread and six, including election battleground Wisconsin, reported a record one-day increase in COVID-19 deaths on Wednesday while the pandemic's resurgence in Europe strained hospitals.
ZURICH: Nestle has raised its guidance for 2020 organic sales growth to around 3% after beating third-quarter expectations with a 4.9% growth, driven by strong demand for pet food, coffee and health products.
KUALA LUMPUR: Malaysia’s consumer price index fell 1.4% in September to 120.1 against 121.8 in the same month of the preceding year, due mainly to lower fuel prices.