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5y

Saudi to sell more shares of energy giant Aramco

Cash will boost Public Investment Fund assets to 4 trillion riyals and create 1.8 million jobs by 2025, says crown prince 

5y

Reddit users say GameStop rocket is revenge of the masses

Social media-fuelled movement sends company’s shares soaring to a peak of US$492, costing hedge funds that bet stock would tank

5y

American Airlines reports US$8.9 billion annual loss 

However, airline’s  shares surge 80% in pre-market trading on trading revolt by amateur investors

5y

Commerzbank to cut 10,000 jobs, close 340 branches

Frankfurt-based lender says, cuts will affect one in three jobs in Germany

5y

US new home sales boom in 2020 but face weak stretch

Commerce Department estimates 811,000 new homes were sold last year, 18.8% higher than in 2019

5y

Taiwan to increase chip production after shortage hits carmakers

Changes in supply chain priorities because of pandemic hamper car production

5y

EasyJet posts nearly 90% revenue slump on virus hit

British no-frills carrier warns that Q2 capacity will be slashed

5y

Swatch plunges into loss on virus hit

Swiss watch giant sees sales drop more than 32%

5y

Moody’s affirms Malaysia’s A3 rating

Ratings agency maintains stable outlook, with strong mid-term growth prospects

5y

Toyota overtakes Volkswagen as top-selling global automaker

After five years, Japanese giant dethrones German rivals to lead in global sales

5y

Maybank to spend RM500,000 upskilling non-clerical staff

Programme aims to give 360 employees chance to accelerate their career progression, take on greater responsibilities, says bank

5y

Australian stock surges after being mistaken for GameStop

GME Resources Ltd was trading up 19% near the end of trade

5y

European stocks sink at open

Stocks on the continent extend previous day’s heavy losses amid a global sell-off