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KUALA LUMPUR: Infrastructure-property group IJM Corp’s earnings for the nine months ended Dec 31,2019 were below CGS-CIMB Equities Research forecast and it maintained its Hold call with a lower target price of RM2.10.
BEIJING: China Three Gorges New Energy Co., a state-owned clean energy developer, has started construction of 25 renewable power plants in an investment worth 58 billion yuan (US$8.3bil).
BENGALURU: Expedia Group Inc said it would cut about 3,000 or 12% of its workforce as part of a plan to streamline its business.
KUALA LUMPUR: IJM Corp Bhd warned of another tough quarter ahead after earnings were almost halved in the three-month ended Dec 31, 2019 on weaker margin at its construction business.
KUALA LUMPUR: Malaysia’s political upheaval is jeopardising the economy’s outlook at a time of heightened global risks and brewing discontent among locals about rising living costs.
TORONTO: Canadian miner Teck Resources Ltd has withdrawn an application to build its C$20.6bil (US$15.7bil) Frontier oil sands mine in Alberta, days before the federal government was to decide on whether to approve a project opposed by environmentalists and indigenous groups.
PETALING JAYA: Yinson Holdings Bhd’s latest job wins have strengthened its medium-to-long-term prospects, prompting at least two brokerages to lift their target prices for the company’s share price.
SYDNEY: U.S. equity futures sank with Asian shares and gold surged after the number of Covid-19 coronavirus cases outside of China increased and concern grew that global economic growth could take a more sustained hit.
HSBC said last August it will appoint a new CEO within six to twelve months following the shock ouster of John Flint, with his interim replacement Noel Quinn the internal candidate and favorite for the role.
SHANGHAI: Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due over the next few months. There are also other creditors to think about.