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Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA).
PETALING JAYA: Top Glove Corp Bhd does not expect order cancellations from its customers as a result of delays in delivery due to its reduced operations.
THE Ranhill Group is committed to enriching lives through sustainable solutions in water, wastewater and energy. With proven capabilities as a leading water operator in Johor, Ranhill’s presence in the environment sector also extends to wastewater management in Thailand and China, while in the energy sector, it is the largest Independent Power Producer (IPP) in Sabah through a 21-year power purchase agreement with Sabah Electricity Sdn Bhd for the sale of up to 380 megawatts (MW) electrical generation capacity and electricity production.
THE dollar continued to decline for the second consecutive week, down 0.25% w/w to 93.61, underpinned by persistent upbeat sentiment in global markets, supporting investors’ risk appetite as investors continue to bet on some form of fiscal aid emerging ahead of the US elections.
SINGAPORE: Oil prices rose about 2% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm.
KUALA LUMPUR: The FBM KLCI started on a flattish note as investors searched for direction amid a lack of trading leads.
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.