Stock Market & Investment News

SYDNEY: Australian power producer AGL Energy Ltd AGL.AX on Monday rejected a $3.54 billion takeover offer from billionaire Mike Cannon-Brookes (pic) and Canada’s Brookfield Asset Management BAMa.TO in favour of its plan of splitting in two this year. Read full story

STOCKHOLM: After three years of outsized stock market gains, Denmark started 2022 as the world’s worst-performing country benchmark. Read full story

SYDNEY: Australia on Monday fully reopened its international borders to travellers vaccinated against the coronavirus after nearly two years of being shut in the pandemic as tourists returned and hundreds of people were reunited with family and friends. Read full story

PETALING JAYA: The government must prioritise the survival of the small and medium enterprises (SMEs), which are currently going through a steep and difficult recovery. Read full story

KUCHING: Property developer Ibraco Bhd is set to diversify into the steel-related business via its latest investment to set up a steel manufacturing plant here. Read full story

PETALING JAYA: No economic facts were hidden from anyone, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Read full story

THE consumer price index (CPI) for January 2022, due to be released on Thursday, is forecast to ease. Read full story

PETALING JAYA: While environmental, social and governance (ESG) concerns are likely to raise business and start-up costs, such higher costs should be offset by higher demand for sustainable products as well as reduced ESG risks. Read full story