News
Hong Kong stocks drop on trade war anxiety, China inches higher
[HONG KONG] Hong Kong shares fell on Wednesday (Apr 16), dragged by technology stocks, after the US restricted Nvidia chip sales to China, raising concerns of an intensifying trade...
Malaysia’s Petronas secures extra gas supply after hit from Putra Heights pipeline fire
Published Wed, Apr 16, 2025 · 04:27 PM[KUALA LUMPUR] Malaysian oil and gas giant Petroliam Nasional said on Wednesday (Apr 16) it has secured additional gas supplies to minimise...
Heineken’s Q1 sales slightly beat forecasts
“...we are performing within the range of expectations,” says CEO Dolf van den Brink Source link
PwC exits more than a dozen countries to avoid scandals: FT
Published Wed, Apr 16, 2025 · 02:13 PM[BENGALURU] PwC has shut down operations in more than a dozen countries that are deemed too small, risky or unprofitable, as the...
Indonesia hikes mining royalties to fund Prabowo policies
[LONDON] Indonesia has raised the royalty rate to be paid by nickel, tin and other metal producers as the government searches for ways to fund President Prabowo Subianto’s ambitious...
China Southern is said to mull Hong Kong IPO of cargo unit
The deal may be coming at a tricky time for the company, which relies on Chinese exports that are under threat because of the country’s trade war with the...
Hermes’ market value surpasses that of former suitor LVMH
[PARIS] Hermes’ market capitalisation surpassed that of rival LVMH, the conglomerate which tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the...
Gold hits record high on economic growth concerns
[BENGALURU] Gold prices raced to an all-time high on Wednesday (Apr 16), driven by a weaker US dollar, trade war tensions and concerns over global economic growth due to...
Apple to rejig sales division with departure of enterprise chief
[LOS ANGELES] Apple’s top executive overseeing enterprise sales and the western European market is planning to depart the company later this year, marking the latest exit of a long-tenured...
China Southern halts sale of Boeing jets on US new-plane freeze
The airline’s move illustrates a knock-on effect from the widening trade standoff, rippling out beyond deals for new products being taxed by the two governments to affect the secondary...
