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JAKARTA: PT Asia Vision Network (AVN) has called off a merger with a blank cheque company and thus also scrapped a plan to list its shares through on Nasdaq, the United States stock exchange popular among technology companies.
KUALA LUMPUR: Stocks to watch on Wednesday include KIP Real Estate Investment Trust, Menang Corp (M) Bhd, Kejuruteraan Asastera Bhd, Kelington Group Bhd, GHL Systems Bhd, OpenSys (M) Bhd and HIL Industries Bhd, according to JF Apex Research.
SYDNEY: Crown Resorts Ltd said talks with Oaktree Capital Management LP over a A$3.1bil (US$2.3bil or RM9.6bil) proposal to help Crown buy out major shareholder James Packer ended, closing an exit path for the billionaire.
BOSTON: Billionaire hedge fund manager William Ackman said on Tuesday his blank-check acquisition company is not an investment firm that needs to register with U.S. regulators, pushing back against a lawsuit that alleges that his Pershing Square Tontine Holdings has improperly invested in securities
HONG KONG/LONDON: HSBC Holdings on Monday reported forecast-beating first-half pretax profit that more than doubled from a weak performance last year when it made huge provisions for pandemic-related bad loans.
JUST over five years ago Anglo American Plc was in deep trouble. The natural resources giant, beset by a collapse in commodity prices, scrapped its dividend and announced plans to close mines and cut thousands of workers. Amid talk of an emergency capital raise, its market value fell to less than US$3bil (RM12.66bil).
LONDON: Barclays will pay out more than a billion dollars in dividends and buybacks to shareholders after beating first-half profit forecasts on strong investment banking fees and the release of cash set aside to cover bad loan charges.
CHINA and the U.S. are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and pandemic never happened.
STOCKHOLM/BEIJING (Reuters) - Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding from their joint ventures in China, in a move that could make a potential initial public offering (IPO) for the Swedish automaker more attractive to investors.
JPMORGAN Chase & Co and Goldman Sachs Group Inc are taking on a consumer finance market many outsiders have tried and failed to crack: Britain