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GENEVA: LafargeHolcim Ltd, the world’s largest cement maker, is in advanced talks to acquire Bridgestone Corp’s Firestone Building Products unit, people with knowledge of the matter said.
CAPE TOWN: PPC Ltd, South Africa’s biggest cement maker, is considering a rights issue of about 1.25 billion rand (US$71.7mil) to refinance both its domestic and international operations, according to sources.
ZURICH: Swiss engineering group ABB said profits of all its businesses would suffer in the first quarter because of the fallout from the coronavirus and due to plunging oil prices.
BEIJING: China’s biggest stock rally in months signals investors are counting on Beijing to loosen the purse strings after data showed a collapse in economic activity.
KUALA LUMPUR: Blue chips eked out slim gains early Thursday, underpinned by KL Kepong and MISC, amid a firmer broader market while cement maker CMSB jumped in ac active trade.
PETALING JAYA: Cement maker Lafarge Malaysia Bhd, whose net loss widened by over RM104mil last year, is expected to return to profitability in the financial year of 2021 (FY21), according to AllianceDBS Research
SYDNEY: Australian construction spending slid to its lowest in almost three years last quarter as a deepening downturn in home building spread to other sectors and posed a downside risk to growth across the economy.
NAIROBI (Reuters) - A sea of crumpled bottles spills across the courtyard of Lucy Luo Minghui's new $44 million plastic recycling factory in Nairobi, where plastic waste litters roadsides and clogs rivers. Yet, she can't get enough to sustain her business.