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KUALA LUMPUR: Mudajaya Corporation Bhd (MCB) and Apollo Ventures Co. Ltd have mutually agreed to terminate their share sales and purchase agreement (SSPA) for the proposed disposal of MCB’s 7.07% stake in RKM Powergen Pte Ltd to Apollo.
EUROPE’S bankers and traders got plenty of slack from their regulators to weather the pandemic. For money managers, it’s a different story
SINGAPORE: London-based Nithia Capital Resources Advisors LLP is seeking to acquire troubled Singapore commodity trader Agritrade International Pte Ltd (AIPL) and its shares in its Hong Kong-listed subsidiary, according to a source familiar with the matter.
KUALA LUMPUR: Loss-making Sarawak Cable Bhd's independent auditors, Messrs Ernst & Young PLT, have issued an unqualified audit opinion about the outlook for the company.
MEXICO CITY/SINGAPORE: Tankers carrying nearly two months' worth of Venezuelan oil output are stuck at sea as global refiners shun the nation's crude to avoid falling foul of U.S. sanctions, according to industry sources, PDVSA documents and shipping data
CARACAS/MEXICO CITY: Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.
Move is important to ensure the country’s recovery
KUALA LUMPUR: The ringgit ended on a firmer footing Friday as investors cheered good news on the opening of the US economy and encouraging developments in Gilead Sciences’ Covid-19 treatment drug trial.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is maintaining its end-2020 FBM KLCI target of 1,440 as it will need to reassess the pace of the post-movement control order (MCO) recovery of economic activities.