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NEW YORK: In a move to kickstart the energy transition globally, the Ikea Foundation and the Rockefeller Foundation have announced that they will each donate US$500mil (RM2.08bil) to support distributed renewable generation projects in developing nations.
KUALA LUMPUR: The worst may not be over for automotive distributor Tan Chong Motor Holdings Bhd (TCM) as overseas operations and lower Nissan sales may put a further dent to its bottomline.
BEIJING: The massive selloff in US-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.
BEIJING (Global Times): As thousands of China's top legislators and political advisors prepare to convene in Beijing later this week for the annual two sessions, they are tasked to review and discuss various policy priorities and sweeping development plans designed to further lift the country to new milestones in the next 15 years: a modern socialist power with world-leading national strength and global influence.
Understanding what is a fund’s objective is the first thing any leadership must ascertain. For Permodalan Nasional Bhd (PNB), the aim is to enhance wealth of unitholders
KUALA LUMPUR: Moody's Investors Service has affirmed the A3 issuer ratings of CIMB Bank Bhd (CIMB), CIMB Islamic Bank Bhd (CIMB Islamic) and CIMB Investment Bank (CIMB IB).
LONDON: Copper and gold miner SolGold Plc has launched a process to replace chief executive Nick Mather after nearly half of shareholders, including BHP and Newcrest, opposed his reappointment to the board, said an industry source familiar with the matter.
by Xinhua writer Gao Lu