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…
Corporate News
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…
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…
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…
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…
Berjaya Land eyes more international tourists to Redang Island, banking on new charter service
Berjaya Land Bhd’s aviation arm Berjaya Air Sdn Bhd hopes to boost the tourism industry in Redang Island, Terengganu with more…
Mexican billionaire Salinas’ telecom bonds soar on exchange deal
Bonds from Mexican billionaire Ricardo Salinas’ telecom Total Play Telecomunicaciones soared to the highest in a year, days after the…
MMAG banking on aviation arm to boost competitive edge in logistics industry
KUALA LUMPUR: MMAG Holdings Bhd (MMAG) is banking on its aviation arm, MMAG Aviation Consortium Sdn Bhd (MAC), to unlock…
GameStop cuts jobs to reduce costs amid sales decline
Videogame retailer GameStop says it has cut an unspecified number of jobs to reduce costs and reported lower fourth quarter…