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TWL Holdings Announces Mutual Termination Of Joint Venture With Pentas Irama Sdn Bhd
TWL Holdings Bhd MYX:TWL:
London stocks dip ahead of Burnham speech
UK shares inched lower on Monday as renewed Middle East hostilities weighed on risk sentiment, while investors also awaited a highly anticipated speech from Andy Burnham, who is widely expected to be Britain's next prime minister.The blue-chip FTSE 100 index CURRENCYCOM:UK100 fell 0.2% by 0949 GMT…
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Comcast to spin off NBCUniversal and Sky into separate companies
Comcast NASDAQ:CMCSA said it intends to separate into two independent publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.
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Zhuhai CosMX Battery's Shareholder To Unload Stake
Zhuhai CosMX Battery Co Ltd SSE:688772:
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Mangione faces hearing ahead of trial over US health insurance CEO's killing
By Jack QueenLuigi Mangione, the man accused of fatally shooting a health insurance executive on a Manhattan sidewalk in 2024, is due for a hearing in federal court on Monday ahead of his federal trial on stalking charges after murder and weapons charges were thrown out.Mangione, 28, is accused of…
NEWS reuters
Supreme Court ruling, ECB conference likely to further frame Fed chief Warsh's early tenure
By Howard SchneiderFederal Reserve Chairman Kevin Warsh's early leadership of the U.S. central bank faces fresh tests this week, with an appearance before a high-profile economic conference in Portugal and the U.S. Supreme Court's expected ruling on the legality of President Donald Trump's effort t…
What's good for the US economy now may not be good for stocks
By Caroline Valetkevitch and Karen BrettellThe U.S. economy and the U.S. stock market are starting to go their own ways.An eventful June featuring the launch of the record-busting SpaceX NASDAQ:SPCX IPO and Federal Reserve chief Kevin Warsh's first meeting has been full of contradictions.U.S. econo…
NEWS reuters
Mapping the Market: New Zealand dollar's losing streak shows little sign of ending
By Peter StonehamThe New Zealand dollar has been losing value against the U.S. currency for a number of years and the longer-term technical picture suggests it can continue to fall for some time.Click here for a more detailed chart.The decline in the New Zealand dollar — also known as the kiwi — ha…
Canadian company delivers North America's first direct air capture carbon credits
By Amanda StephensonCanada's Deep Sky became the first North American company to deliver verified carbon removal credits from direct air capture technology, announcing on Monday it provided credits to Microsoft NASDAQ:MSFT and Royal Bank of Canada TSX:RY.DAC differs from the more established carbon…
Occidental's new CEO tested by debt, lagging stock price and big dividend payments to Berkshire
By Sheila DangIn not quite a month as Occidental Petroleum's NYSE:OXY CEO, Richard Jackson has already been challenged with looking for ways to lift a lagging stock price and pay down more debt.Longer term, Jackson may face a more fundamental question: whether to seek a buyer for the oil company th…
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Saks, exiting bankruptcy, bets on high-end luxury to revive sales
By Danielle KayeSaks Global emerged from bankruptcy last week with fewer stores and a renewed focus on upscale luxury, as it looks to close a rocky chapter in its storied history.But the American department store conglomerate now faces its next battle: winning back customers in a strained luxury ma…
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As JPMorgan succession takes shape, insiders say this time it is for real
By Anirban Sen, Nupur Anand and Manya SainiOver the years JPMorgan Chase NYSE:JPM CEO Jamie Dimon has talked many times about succession - but a date to hand over the baton seemed elusive. This time, sources said, the plan is real.Dimon plans to stay as CEO for up to three more years, with insiders…
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Do ski resort companies squelch competition? Lift-pass litigation heats up this summer
By Jenna GreeneSummer has just begun, and for ski fanatics that means only one thing: time to decide whether to buy next season's lift pass.Whether that choice reflects consumer preference or coercion is now before a federal judge in an antitrust lawsuit against Vail Resorts and Alterra Mountain Co…
Borrowed money fueling US stock rally is getting more expensive
By Karen BrettellThe borrowed money helping to fuel the U.S. stock rally is getting more expensive, and some on Wall Street are starting to wonder how much longer the math will work.Inflows into leveraged exchange-traded products, rising stock options trading volumes and record hedge-fund exposure…
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Trump’s tariffs aren’t saving jobs at Whirlpool’s Iowa refrigerator plant
By Timothy AeppelIf any company stood to gain from President Donald Trump’s trade war, it was Whirlpool NYSE:WHR and the workers assembling its iconic appliances in Iowa.But at its “Big Blue” refrigerator plant, so named because of its robin’s-egg-colored siding, the company has cut more than half…
NEWS reuters
Happy birthday, America? At 250, nation may be too divided to celebrate as one
By Tim Reid, Joseph Ax and Hannah BeierBetsy Halsey, 63, still has memorabilia from America's 1976 bicentennial in her childhood bedroom at her parents' home. But the retired teacher is so appalled by President Donald Trump that she refuses to celebrate the country's 250th birthday."I don't want to…
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Swedish reactor developer Blykalla signs cooperation deal with Hitachi Energy
Swedish nuclear reactor maker Blykalla has signed a preliminary agreement with Hitachi Energy to collaborate on deploying Blykalla's small modular reactors, it said on Monday.
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ASE Technology's Unit Obtains Machinery, Equipment For T$1.24 Bln
ASE Technology Holding TWSE:3711:($1 = 31.8820 Taiwan dollars)
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Eni and Libya's NOC launch Sabratha Compression project to boost gas output
Italian energy group Eni MIL:ENI said on Monday it had successfully begun production from its Sabratha Compression project with Libya's National Oil Corporation (NOC), a strategic offshore development aimed at increasing gas output.
Strategy's valuation falls below bitcoin holdings as crypto sentiment sours
By Shashwat ChauhanStrategy's valuation has fallen below the value of its bitcoin holdings for the first time, a milestone that weakened investor confidence in the Michael Saylor-founded company's long-running cryptocurrency bet.Investor focus has been on the company's NASDAQ:MSTR "mNAV" metric, wh…