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HONG KONG: The billionaire chairman of Hong Kong developer Henderson Land said he would donate HK$1bil (US$128mil) to charity after the city’s benchmark index surpassed the 30,000-point level, keeping a pledge he made seven years ago.
HONG KONG: A landmark skyscraper owned by Hong Kong’s richest man Li Ka-shing has sold for a record price of more than US$5bil (RM21bil), the company confirmed Wednesday, indicating the city’s booming property sector shows no sign of slowing down.
DUBAI/LONDON: Saudi Aramco’s advisers have recommended London for the historic listing of the oil company, with US disclosure rules a concern for Saudi authorities, sources familiar with the matter told Reuters.
KUALA LUMPUR: Fund selling of key stocks Malayan Banking Bhd (Maybank), IHH Healthcare Bhd and Sime Darby Bhd pushed the FBM KLCI deeper into the red on Tuesday while crude oil prices gave up part of the previous day's gain.
LONDON: A company controlled by the Shaw Foundation, the philanthropic arm of the late Hong Kong movie mogul Run Run Shaw’s empire, has agreed to acquire an office building in London’s main financial district from Malaysia’s second-largest pension fund, according to three people familiar with the matter.
LONDON: A company controlled by the Shaw Foundation, the philanthropic arm of the late Hong Kong movie mogul Run Run Shaw’s empire, agreed to acquire an office building in London’s main financial district from Malaysia’s second largest pension fund, according to three people familiar with the matter.
China's central bank is planning to increase the number of firms allowed to import and export gold and will also ease restrictions on individual buyers of the precious metal, according to a draft policy document issued on Monday.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to trade in the range of RM2,400 to RM2,500 per tonne next week on anticipation of slow demand, a dealer said.