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KUALA LUMPUR: Regional oil refining company Hengyuan Refining Company Bhd has allocated RM700mil in capital expenditure (capex) over the next one to two years to finance two cornerstone projects, said chairman Wang You De.
BENGALURU: Mining infrastructure provider Mineral Resources said it would not make an offer to counter Hancock Prospecting’s A$390mil (US$288mil) bid for Australia’s Atlas Iron.
VW plant in Mexico, the last source of the compact, will shift to other models next year
STOCKHOLM: The Swedish Wallenberg family’s holding company Investor AB, which owns stakes in about a fifth of the companies listed on the country’s benchmark large-cap index, is preparing for a potential weakening of the global economy.
US factories face weaker global trade as China’s economy slows to its lowest growth rate since 1990
SYDNEY: Australia’s oldest wealth manager, AMP Ltd, posted a near nine-fold increase in cash outflows at its wealth management unit in the wake of damaging revelations of misconduct, sending its shares down sharply.
GEORGE TOWN: RGB International Bhd has secured the rights to sell two more branded gaming machines in Asia under its sales and marketing business division.
COPENHAGEN: Shares in A.P. Moller-Maersk A/S, the world’s largest container shipping line, plunged the most in two months after U.S. President Donald Trump escalated his trade war against China.
Global movie industry raked in RM170bil last year.
KUALA LUMPUR: The palm oil industry was responsible for at least 39% of forest loss on the biodiversity-rich island of Borneo between 2000 and 2018, data from a research firm based in Indonesia shows