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Construction

Keppel falls 13% as Temasek scraps US$3bil bid

SINGAPORE: Shares in Singapore’s Keppel Corp fell 13% after Temasek Holdings abandoned its US$3bil conditional offer for the conglomerate by invoking a material adverse change clause following the company’s poor financial results.

Business

Buffett shows faith in Berkshire portfolio

NEW YORK: Warren Buffett is betting on brighter prospects for his Berkshire Hathaway Inc.

Business

Egypt’s real rates are world’s highest

CAIRO: Consumer prices in urban parts of Egypt grew at the slowest annual pace since November as the global pandemic weighed on demand and food costs declined.