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KUALA LUMPUR: Malaysia is considering selling stakes in energy giant Petronas to provinces where the company's oil and gas fields are, Prime Minister Mahathir Mohamad told Reuters on Tuesday, in a bid to raise funds for the debt-laden government.
SEOUL: The founder of the defunct Daewoo Group, Kim Woo-choong, has died after watching the conglomerate he built into a symbol of South Korea's manufacturing prowess become one of its biggest corporate failures, crushed by debt.
BEIJING/SHANGHAI: Auto sales in China fell for a 17th consecutive month in November, with the number of new energy vehicles (NEVs) sold contracting for a fifth month in a row, data from the country's biggest auto industry association showed on Tuesday.
KUALA LUMPUR: The local market maintained a bearish outlook as the deadline for fresh US tariffs on Chinese imports bore down on global equities.
BEIJING: China’s consumer inflation accelerated to a seven-year high in November while producer prices extended their run of declines, complicating the central bank’s efforts to support the economy.
DUBAI: When shares of Saudi Arabia’s national oil company begin trading tomorrow after the world’s largest initial public offering (IPO), the stars will be aligned to ensure that the stock price holds up.
BRUSSELS: The European Union imposed five-year tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in the country, a move that could prompt the Indonesian government to retaliate.
SINGAPORE: Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
SINGAPORE: China announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand.
SINGAPORE: In an increasingly challenging economic environment where growth is seemingly becoming a taboo word, one MNC believes that for it, growth is very much intact.