Michael Burry adds to China Big Tech wager
Michael Burry, the money manager made famous in the Big Short, has added to wagers on Chinese tech giants Alibaba…
Category: Corporate News
Bumi Armada on track for record profit in FY24
Bumi Armada Bhd can expect a sequential core net profit improvement in the fourth quarter of 2023 (4Q23) and a…
Pressure mounts on VW to exit China’s Xinjiang
German automaker Volkswagen (VW) says it is discussing the future of its activities in China’s troubled Xinjiang region, following fresh…
F&N in Cambodian land deal
Fraser & Neave Holdings Bhd (F&N) is leasing a 32,200 sq m parcel of land for 50 years from Cambodia-based…
BHP’s value of assets hit by nickel price drop
Mining giant BHP wiped billions off the estimated value of its Australian nickel operations, as the firm struggles to compete…
New York mayor sues social media firms
New York City mayor Eric Adams says that his administration has filed a lawsuit against social media companies including Meta…
GFM acquires entire stake in Era Gema
GFM Services Bhd has entered into a share sale agreement for the proposed acquisition of a 100%-stake in Era Gema…
Hume Cement in RM39.8mil property sale
Hume Cement Industries Bhd’s (HCIB) wholly-owned subsidiary, Hume Concrete Sdn Bhd (HCCT), is disposing of a parcel of land in…
MAHB poised for further growth this year
Following an exceptional performance in 2023, Malaysia Airports Holdings Bhd’s (MAHB) earnings are set to grow further in 2024, underpinned…