Chipmaker Nexperia invests US$200mil in Germany
Nexperia, one of the world’s largest makers of basic semiconductors such as diodes and transistors, says it will invest US$200mil…
Corporate News
L&G investment unit to sell Glencore stake
Legal & General’s (L&G) investment management unit says it is selling its stake in global commodities trader Glencore this year…
Higher operating expenses a damper for Sapura Energy
Sapura Energy Bhd’s net profit for the first quarter ended April 30, 2024 (1Q25) tumbled by 44% year-on-year (y-o-y) to…
Canada’s largest pension fund souring on emerging markets
Canada Pension Plan Investment Board (CPPIB), one of the largest investment firms globally, is seeing fewer opportunities to put money…
SSF Home 4Q revenue rises 34%
SSF Home Group Bhd reported a profit after tax of RM6.2mil in the fourth quarter ended April 30, 2024 (4Q24),…
Boeing-Lockheed rocket venture swaps payloads
Boeing Co and Lockheed Martin Corp’s rocket venture will fly a dummy payload instead of Sierra Space’s tardy Dream Chaser…
YNH’s sukuk wakalah rating downgraded
MARC Ratings has removed YNH Property Bhd’s Islamic Medium-Term Notes Programme (sukuk wakalah) rating from MARCWatch Negative placement and concurrently…
Gaw Capital seeks to buy HK building stakes from partner
Hong Kong-based private equity firm Gaw Capital Partners is seeking to take full ownership of two Hong Kong office buildings…
Vestigo inks PETRONAS deal in Sabah
Petroliam Nasional Bhd (PETRONAS) has inked a small field asset production-sharing contract (PSC) with Vestigo Petroleum Sdn Bhd for a…