Miner BHP hits guidance with record iron ore production
BHP Group Ltd’s iron ore output climbed 6% in the three months to the end of June, taking the global…
Corporate News
Public Bank can ride on provision write-backs
Public Bank Bhd has the strongest headroom among its peers for potential provision write-backs, making it an attractive stock as…
Bank of America says it will invest more in trading arm
Bank of America Corp is putting more money and balance sheet resources behind its trading business, according to chief executive…
Alliance Bank loan expansion to remain resilient
Alliance Bank Malaysia Bhd’s (ABMB) loan growth is expected to remain resilient, underpinned by small and medium enterprises’ (SME) loans…
Vale’s iron ore output tops analyst estimates in second quarter
Vale SA’s iron ore production in the second quarter was stronger than expected.
National Bank to raise more equity for CWB deal after shares recover
National Bank of Canada is raising an additional C$20mil (US$15mil) in connection with its planned acquisition of Canadian Western Bank…
Goldman joins rivals in setting up new Middle East-focused fund
Goldman Sachs Group Inc is working on raising a Middle East-focused fund and has hired a long-time JPMorgan Chase &…
MNH earnings growth trajectory likely to improve
MN Holdings Bhd (MNH) is a key proxy of Malaysia’s rising energy demand, given its track record in executing Tenaga…
PepsiCo inks fertiliser deal to cut emissions
PepsiCo Inc has struck an agreement with fertiliser giant Yara International ASA to secure lower-emission crop nutrients for farmers it…