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KUALA LUMPUR: JF Apex Research has slashed its earnings forecasts on Boilermech Holdings Bhd due to lower revenue and eroded margins from the Covid-19 pandemic.
MUMBAI: India stocks fell, with the benchmark index erasing earlier gains, as the Prime Minister said more people should be paying tax.
FRANKFURT: Deutsche Boerse AG will remove Wirecard AG from its benchmark DAX index ahead of a regular quarterly review following the collapse of the payments company amid allegations of accounting fraud.
CAPE TOWN: PPC Ltd, South Africa’s biggest cement maker, is considering a rights issue of about 1.25 billion rand (US$71.7mil) to refinance both its domestic and international operations, according to sources.
ABUJA: Nigerian stocks are signalling better returns than less-risky local debt markets, where rates are at the lowest in a decade. Yet investors are shunning the opportunity, wary of a mix of domestic and external threats.
ROME: Italy is considering teaming up with Euronext NV to pursue an acquisition of the country’s stock exchange operator, people with knowledge of the matter said.
TOKYO: Yusaku Maezawa, the Japanese billionaire who sold his online apparel company to Masayoshi Son and is preparing to ride around the moon on Elon Musk’s spacecraft, jumped back into the country’s business scene on Thursday with a set of unlikely bets on brick-and-mortar clothing retailers.