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BENGALURU: State-owned China Energy Reserve and Chemicals Group launched a A$463 million (US$348 million) bid for Australia’s AWE Ltd on Friday, going direct to shareholders after the gas and oil producer rebuffed a slightly lower friendly approach.
NEW YORK: After spending years building up its gas-power business, General Electric Co. is trying to figure out how to keep pace in a world that’s no longer all that interested in fossil fuels.
Bitcoin rocketed to another record high close of US$16,000 (RM65,210) on the Luxembourg-based Bitstamp exchange on Thursday after gaining more than US$4,000 (RM16,300) in just 48 hours
KUALA LUMPUR: Asian markets were given a boost on Friday as Chinese trade data was showed to accelerate in October.
SAUDI Arabia reasserted its leadership of the oil markets at the OPEC/non-OPEC meeting on November 30 in Vienna, brokering its desired extension of the 1.8 million b/d output cut agreement by nine months until the end of 2018.
ROME (Reuters) - Italy's anti-establishment 5-Star Movement supports the European Union and wants significant law-making powers transferred from governments to the European Parliament, its leader Luigi Di Maio told Reuters.
KUALA LUMPUR: AmInvestment Research is maintaining its Hold recommendation for Sapura Energy with a lower fair value of RM1 a share from an earlier RM1.54 a share by widening the discount to FY19F book value from 30% to 50%.
KUALA LUMPUR: Renewed buying interest in Sime Plantations underpinned the FBM KLCI’s early advance on Friday, in line with the firmer key Asian markets and a rebound in crude oil prices.
Breakfast briefing: Friday, December 8
KUALA LUMPUR: Shares of Sapura Energy Bhd fell 12% in early trade on Friday after the company reported a wider-than-expected loss in the third quarter ended Oct 31.