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PETALING JAYA: MSM Malaysia Holdings Bhd has reiterated that the two-month suspension of its Johor sugar refinery will not affect its earnings for the financial year ending Dec 31,2021 (FY21).
ZURICH: BlackRock (pic) and Jean-Pierre Mustier's blank-check firm are among investors expressing interest in Credit Suisse's asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals.
TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) plans to spend US$100bil (RM414bil) over the next three years to expand its chip fabrication capacity, a staggering financial commitment to address booming demand for new technologies.
NEW YORK: Credit Suisse CEO Thomas Gottstein signalled he would consider further separating the asset-management unit from the rest of the bank after the Greensill Capital collapse, as he steps up efforts to limit the reputational damage from the supply-chain finance scandal.
BANGKOK: Thai Airways International Pcl is challenging some US$7.4bil (RM30.4bil) in claims from dozens of aircraft lessors and engine service provider Rolls-Royce Holdings Plc, saying it isn’t liable for the monies because they concern future expenses and were incurred after the airline received bankruptcy protection from a Bangkok court.
THE government, on Wednesday, launched a sixth stimulus package since March last year, as policymakers concentrate on targeted measures to boost the economy hammered by the pandemic
THE Biden administration’s US$1.9 trillion (RM7.83 trillion) pandemic recovery package should, on balance, prove a boon for Europe, far outweighing the short-term market turbulence that has already cornered the European Central Bank (ECB) into printing even more money.
NEW YORK: Oil prices fell for a third day on Tuesday, as Germany, France and other European states suspended the use of a major coronavirus vaccine, threatening the recovery of fuel demand.