NEW YORK/LONDON: Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt. Read full story
ISSUANCES of green bonds are on a rise. Governments, banks and corporations are issuing them and there seems to be sufficient investor-interest for the debt papers. Read full story
NEW YORK: Oil prices slid for a second day in a row on Friday, pressured by an unexpected rise in U.S. crude and fuel inventories while investors took profits after the benchmarks touched seven-year highs earlier in the week. Read full story
LONDON: U.S. petroleum inventories have continued to slide over the last month and are well below their normal seasonal levels, which has helped push oil prices to their highest since 2014. Read full story
LONDON: Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain. Read full story
KUALA LUMPUR: Econpile Holdings Bhd’ wholly owned subsidiary Econpile (M) Sdn Bhd’s (EMSB) joint venture partner, China Communication Construction Company (M) Sdn Bhd (CCCC) has issued a notice of termination to Gabungan Strategik Sdn Bhd (GSSB), being the work package contractor, for breach of the sub-contract. Read full story
WASHINGTON/SAN FRANCISCO: Intel Corp said on Friday it would invest up to US$100 billion to build potentially the world’s largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affects everything from smartphones to cars. Read full story
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to experience a technical correction next week following the higher price movement this week, said Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa. Read full story
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE), a subsidiary of Urusharta Jamaah Sdn Bhd, has entered into a memorandum of understanding with OHP Ventures Sdn Bhd to explore opportunities within the renewable energy space via the injection of the latter’s renewable energy assets. Read full story
KUALA LUMPUR: Global security company Kaspersky and policy experts are discussing ways to improve the Information and Communication Technologies (ICT) supply chain resilience in the Asia-Pacific (APAC) region as cyber attacks rise due to the huge leap in digitalisation during the COVID-19 pandemic. Read full story
SHANGHAI/HONG KONG: China Evergrande Group on Friday said it was hiring more financial and legal advisers after a group of international creditors said it would take “enforcement action” if the property developer did not do more to resolve a debt default. Read full story
KUALA LUMPUR: Eduspec Holdings Bhd has entered into a memorandum of agreement with Industronics Bhd to set up a special purpose vehicle company to offer electronic hardware and school equipment to over 10,000 schools in Malaysia by way of instalments, leasing or rental. Read full story