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BlackRock, Schroders frontrunners for Lloyds mandate

LONDON: BlackRock Inc and Schroders Plc are the frontrunners to oversee about £109bil (US$144bil) for Lloyds Banking Group Plc, one of the biggest mandates of its kind, people with the knowledge of the process said.

China willing to invest US$3bil in Nigerian oil operations

ABUJA: China National Offshore Oil Corp (CNOOC) is willing to invest US$3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

China braces for more pain from trade war

BEIJING: Further evidence of Donald Trump’s trade war with China is set to show up in economic data, although it will likely just be a taste of things to come.

Digi earnings up on growth and improved efficiency

PETALING JAYA: Telecommunications outfit Bhd registered a 7% higher net profit in the second quarter of financial year 2018, mainly on the back of business growth and improved operational efficiency.

Headwinds aplenty for palm oil

CPO market besieged by rising stockpile, oversupply and weak exports.

Long but fruitful journey in IHH’s Fortis acquisition

Fortis set to bump up IHH revenue by some 20%.

Proton aims to be No. 1 again

Carmaker eyes pole position in its home market amid growing confidence.

Major changes seen in power supply sector

THE POWER sector looks poised for a reset with a push towards renewable energy (RE) and the return of competitive bidding in awarding contracts.

Not all gloom and doom for Top Glove

Aspion remains a valued asset despite potentially lower-than-expected earnings contribution.

Minimal impact from revised LRT3 project on Gabungan AQRS

Although Gabungan AQRS Bhd will be affected by a “scaled down” version of the Light Rail Transit 3 (LRT3), the impact on the company’s overall order book will likely be minimal.