China confuses yuan traders with surprise changes to fixing
Traders seeking to navigate the most crucial part of China’s foreign exchange management are finding visibility getting increasingly cloudy.
Li-Cycle cutting 17% of workers to save cash
Battery recycler Li-Cycle plans to lay off 17% of its employees – including three senior executives – as it pares…
Osim billionaire on the hunt for new businesses
The man whose name is synonymous with Osim massage chairs is always on the hunt for new opportunities, and Ron…
Phillips 66 eyes sale of pipeline stake worth US$1bil
US oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it…
Miner to tap into green transition opportunities
Rio Tinto, the world’s largest iron ore producer, had more tie-ups and joint ventures with Chinese partners last year than…
Ford, GM divert shipments as bridge collapse upends supplies
The US automotive supply chain will be disrupted by the collapse of the Francis Scott Key Bridge in Baltimore, dealing…
Knusford in RM28mil land disposal
Knusford Bhd is disposing of a freehold piece of land measuring 275,832 sq ft in Klang, Selangor to Emerald Plan…
VS Industry 2Q earnings at RM16mil
VS Industry Bhd expects to see an improved performance over the remaining quarters of the year as it makes progress…
Gamuda 1H24 revenue doubles
Gamuda Bhd’s revenue for the first half of its current financial year ending July 31, 2024 nearly doubled to RM6.2bil,…