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HONG KONG: Standard Chartered PLC posted a higher than expected 57% jump in first-half pretax profit and announced a $250 million share buyback, with the bank also resuming dividend payments by unveiling a 3 cents per share interim payout.
SINGAPORE: Exxon Mobil Corp expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year.
THE bombardment of commentaries about the economic outlook and policy implications from this week’s annual meetings of the International Monetary Fund (IMF) and World Bank will most likely coalesce around three big themes.
KUALA LUMPUR: Moody’s Investor Service expects emerging markets’ (EM) EM debt burdens will remain higher than pre-pandemic levels for some time, while debt affordability will deteriorate for the weakest sovereigns.
LONDON: IAG SA will slash the work force at its flagship British Airways by almost 30% in a painful restructuring aimed at shrinking the airline group for a downturn that could last for years.
PETALING JAYA: The latest warning by one of the Big Three rating agencies on Asia’s weakening credit conditions has also brought Malaysia under the microscope, particularly the country’s corporate debt default risk.