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Hyundai signs deal to sell 1,000 hydrogen-powered trucks in Switzerland

Hyundai signs deal to sell 1,000 hydrogen-powered trucks in Switzerland

A car dealer stands in front of the logo of Hyundai Motor at its dealership in Seoul, South Korea, April 25, 2016. (Reuters pic) SEOUL: Hyundai Motor said on Wednesday it will sell 1,000 hydrogen-powered trucks in Switzerland over the next five years through a new tie-up, betting the vehicles could beat battery-powered models sold […]

September 19, 2018 | By | Reply More
Linde shares bounce on report Praxair deal inching closer

Linde shares bounce on report Praxair deal inching closer

Linde Group logo (Reuters pic) FRANKFURT: Shares in German industrial gases firm Linde leapt as much as 7% Wednesday, after reports it had offered new concessions to US authorities as it seeks a merger with competitor Praxair. Munich-based Linde is now planning to offload “the bulk” of its North American business to Germany’s Messer Group […]

September 19, 2018 | By | Reply More
Sarawak records RM40 bil in export revenue in first 5 months of year

Sarawak records RM40 bil in export revenue in first 5 months of year

KUCHING: Sarawak recorded RM40 billion in export revenue for January-May 2018, says Sarawak’s international trade and e-commerce ministry. Minister Wong Soon Koh said among the main exports were oil and gas products, liquefied natural gas, palm oil, timber and aluminium. “Japan was the biggest importer with 28.7% or RM11 billion of total exports. “This was […]

September 19, 2018 | By | Reply More
Bayer’s Monsanto faces broad US glyphosate litigation

Bayer’s Monsanto faces broad US glyphosate litigation

A woman uses a Monsanto’s Roundup weedkiller spray without glyphosate in a garden in Ercuis near Paris, France, May 6, 2018. (Reuters pic) ZURICH: Bayer AG’s Monsanto unit has urged a California judge to toss the $289-million verdict a jury awarded to a man who said the company’s glyphosate-based weed-killers, including the widely-used Roundup brand, […]

September 19, 2018 | By | Reply More
Bank of England’s Haldane says firms’ Brexit worries “up sharply”

Bank of England’s Haldane says firms’ Brexit worries “up sharply”

Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018. (Reuters pic) TALLINN: British businesses are more worried about Brexit uncertainty than was the case a few months ago, Bank of England chief economist […]

September 19, 2018 | By | Reply More
Britain’s Tesco takes on discount rivals with launch of Jack’s

Britain’s Tesco takes on discount rivals with launch of Jack’s

Workers unveil the branding at Tesco’s new discount supermarket Jack’s, in Chatteris, Britain, September 19, 2018. (Reuters pic) CHATTERIS: British supermarket group Tesco has laid down the gauntlet to German discounters Aldi and Lidl by launching what it said would be the cheapest store in town. CEO Dave Lewis unveiled Tesco’s new Jack’s chain on […]

September 19, 2018 | By | Reply More
Germany mulls fund to fend off Chinese tech takeovers

Germany mulls fund to fend off Chinese tech takeovers

A robotic arm fills a glass with Bavarian Weiss beer at the booth of German company Kuka at the world’s biggest industrial fair, “Hannover Fair”, in Hanover, Germany April 24, 2017. (Reuters pic) BERLIN: The German government is taking steps to counter a surge in Chinese bids for stakes in German technology companies, including the […]

September 19, 2018 | By | Reply More
Malaysia to open bond, sukuk market to retail buyers next month

Malaysia to open bond, sukuk market to retail buyers next month

The Malaysian government aspires to see further initiatives in promoting more active participation in local currency bond markets. (AFP pic) KUALA LUMPUR: Malaysia’s Securities Commission said on Wednesday it would make it easier for retail investors to buy bonds and sukuk issued domestically, aiming to expand Asia’s third-largest fixed income market. The regulator said the […]

September 19, 2018 | By | Reply More
TA Investment launches fund leveraging on Chinese equities

TA Investment launches fund leveraging on Chinese equities

KUALA LUMPUR: TA Investment Management Bhd, a unit trust fund manager and a subsidiary of TA Securities Holdings Bhd, has launched the TA All China Equity Fund to provide long-term capital growth through investment in equities or equities-related securities of Chinese companies. CEO Wong Mien said a minimum 95% of the fund’s net asset value […]

September 19, 2018 | By | Reply More
Danske Bank CEO resigns over money laundering scandal

Danske Bank CEO resigns over money laundering scandal

Thomas Borgen, resigned CEO of Danske Bank sits together with Ole Andersen, Chairman of the board and Carol Sergeant, Vice Chairman of the board, during the press conference about the money laundering scandal in the bank in Tivoli Congress Center in Copenhagen, Denmark September 19, 2018. (Reuters pic) COPENHAGEN: The chief executive of Denmark’s largest […]

September 19, 2018 | By | Reply More