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BANGKOK: Banpu Pcl, Thailand’s largest coal miner, said it had spent US$112mil to buy a 29.4% stake in the Chaffee Corners Joint Exploration Agreement (JEA), a shale gas operation in the US state of Pennsylvania.
ZURICH: ABB Ltd's quarterly profit fell less than expected after orders from power utilities helped the grid maker to withstand a slowdown in some emerging markets and in the oil and gas industry.
NEW YORK: U.S. stock indexes were little changed on Wednesday as encouraging earnings reports offset oil prices sliding on renewed concerns about global oversupply.
KUALA LUMPUR: Bursa Malaysia continued to slip at midday on Wednesday, dragged down by IOI Corp, Sime Darby and Axiata Group as crude oil tumbled about US$1.
KUALA LUMPUR: Maybank Investment Bank Research has maintained a “neutral” on the automotive sector but cut its 2016 total industry volume (TIV) forecast to 620,000 units from 645,000 units.