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BEIJING: China’s vehicle sales rebounded in June, the country’s top industry association said, shaking off weakness seen in the previous two months as carmakers grappled with a rollback in tax incentives that drove strong growth last year.
ISTANBUL: Saudi Aramco, which plans what could be the world’s biggest initial public offering (IPO), will invest more than US$300bil over the next decade to maintain its spare oil-production capacity and explore for more natural gas, president and chief executive officer Amin Nasser said.
BEIJING: An onslaught of maturing funds may see China’s central bank reaching for the fire hose.
KUALA LUMPUR: JF Apex Research expects ML Global, Boustead Heavy Industries Corporation (BHIC), UPA Corporation and Sealink to be among the stocks to watch on Wednesday.
KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on Axiata Group with unchanged forecasts and sum-of-parts-based fair value of RM6.30 a share.
KUALA LUMPUR: Axiata Group Bhd says its Nepal subsidiary Ncell Private Ltd has been fully cleared of the capital gains tax (CGT) payment after it made a further deposit of 13.6 billion Nepalese rupees (RM563.63mil) to the Nepalese tax department, also known as the Large Taxpayers Office (LTPO).
MUMBAI: The Indian rupee may weaken as global funds start to hit buying limits for the nation’s debt and valuations for equities look expensive, according to HSBC Holdings Plc.
ASTANA (Kazakhstan): Reach Energy Bhd, a listed Malaysian oil and gas exploration production company, on Wednesday inked a memorandum of understanding (MoU) with Akimat, the regional government of Mangystau, southwestern region of Kazakhstan.