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Business

BP’s green energy targets will be tough to meet

LONDON: BP will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world’s largest renewable power generators.

Business

Dividends in doubt as Aussie profits catch virus

SYDNEY: Australian companies are likely to deliver smaller dividends in what is forecast to be the country’s worst earnings season in a decade because of the coronavirus pandemic, with even firms that benefited from the upheaval expected to show caution.

Business

New Oriental picks banks for Hong Kong second listing

HONG KONG: Chinese private school operator New Oriental Education & Technology Group Inc has chosen three banks for a planned second listing in Hong Kong that could raise at least US$1bil, according to people familiar with the matter.

Business

China’s factory recovery gains strength in July

BEIJING: China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy.

Business

Buffett shows faith in Berkshire portfolio

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