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Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA).
SYDNEY: Australia’s Bega Cheese Ltd will buy the Australian dairy arm of Japanese drinks giant Kirin Holdings Co Ltd for A$560mil (US$412mil), the companies said yesterday, a 10% discount on China Mengniu Dairy Co Ltd’s offer in 2019.
ROME: The European Central Bank (ECB) should consider wiping out or holding forever the government debt it buys during the current crisis to help nations recover and restructure, a top Italian government official said.
JAKARTA: Indonesia is collaborating with the World Economic Forum (WEF) to host a virtual forum today that focuses on economic recovery in the country and the government’s efforts to curb the Covid-19 pandemic, while also promoting investment in key sectors like healthcare.
LONDON: Britain's telecoms companies could be fined up to 10% of turnover or 100,000 pounds ($133,140) a day if they contravene a ban on using equipment made by China's Huawei Technologies Co Ltd under a new law put forward on Tuesday.
VANCOUVER: A police officer involved in the arrest of Huawei Chief Financial Officer Meng Wanzhou two years ago in relation to her U.S. extradition case testified on Monday he did not plan to obtain passcodes or search her electronic devices
Govt expects figure to hit RM4.7b in 2021 from RM2.8b in 2020
GUANGZHOU: With the Covid-19 outbreak slowing down the global economic momentum, multinational enterprises see promising opportunities in China as the country continues to deepen its opening-up
SHANGHAI/HONG KONG: As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an intensified crackdown at home.
The government decided no windfall tax will be imposed on glove manufacturers to avoid potential “opportunity costs/losses” such as glove manufacturing companies investing overseas instead of in Malaysia, and sending wrong signal to existing and potential investors in other industries.