5y

Texas winter storm to cost Shell US$200 mil

Wild weather expected to curb energy giant’s production by 10,000-20,000 barrels of oil equivalent per day in 3 months to end-March

5y

Samsung, LG Electronics eye 40% leaps in Q1 operating profits

Forecast largely driven by robust sales of smartphones, launch of flagship Galaxy S21 series

5y

Global minimum tax for corporations inches towards reality

Major economies welcome reform, matter to be discussed at G20 finance ministers’ meeting

5y

Toshiba mulls US$20 bil buyout by UK private equity fund

Japanese firm confirms receiving ‘initial proposal’ from CVC Capital Partners

5y

New small business coalition targets Amazon on antitrust

Small Business Rising group campaigns for break-up and regulation of tech monopolies

5y

E-wallet use to become mandatory in market traders’ licence renewal

Move under Retail Digitalisation Initiative to spark nationwide acceptance of electronic payments

5y

Tokyo stocks higher despite Wall St falls

US dollar fetches ¥109.82 in early Asian trade, against ¥109.73 in New York

5y

Bursa, ringgit up at opening

Local bourse’s positive showing comes despite Wall Street decline

5y

IMF maintains Malaysia’s GDP growth forecast at 6.5% for 2021

Unemployment expected to drop to 3.8% this year, 3.6% in 2022

5y

Credit Suisse takes US$4.7 bil hedge fund hit

Swiss bank exposed to troubled Archegos Capital Management also cuts dividends, announces departure of 2 senior execs

5y

Air France gets EU green-light for €4 bil aid

But airline will have to relinquish 18 slots per day at Orly airport in Paris to ensure fair competition

5y

SoftBank to buy US$2.8 bil stake in Norway robotics firm AutoStore

Japanese investment giant’s deal expected to be finalised this month

5y

InvestKL eyes 10 MNCs, fast growers to bring in at least RM1 bil in 2021

CEO expects digital, IoT, automation and robotics companies in list of candidates