Businesses to reduce costs and risks by taking steps towards sustainability: Ho Ching

SINGAPORE – Businesses can save costs and reduce risks when they are sustainable, said Temasek Holdings chief executive and executive director Ho Ching. She added that the Singapore state-owned investment company will start reporting its energy and water consumption this financial year and encouraged other businesses to do the same. Ms Ho was speaking at the 11th Global Compact Network […]

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Asia shares left guessing on trade, await Trump speech

SYDNEY (Reuters) – Asian share markets flatlined on Tuesday as uncertainty over Sino-U.S. trade talks and political strife in Hong Kong dogged sentiment, while safe-haven bonds eked out a bounce. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up a slight 0.04%, following a sharp 1.2% pullback on Monday. Japan’s Nikkei .N225 dithered either side of flat, while […]

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Wall Street set for weak open as Trump, Hong Kong sour mood

(Reuters) – Wall Street’s main indexes were set to retreat at the open on Monday as comments by President Donald Trump dampened expectations around a U.S.-China trade deal, while escalating violence in Hong Kong added to investor worries. Hopes of a “phase one” deal to end the damaging 16-month trade war and largely upbeat corporate earnings have sparked a rally […]

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British Steel rescued after deal with Chinese firm saves UK 4,000 jobs

Chinese firm Jingye Group has said it will buy British Steel for a reported £70million – safeguarding 4,000 jobs at the company and as many as 20,000 in the supply chain, the Insolvency Service has confirmed. The takeover ends uncertainty over the fate of the company, which was put into compulsory liquidation in May after Greybull Capital, which bought it […]

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Factbox: IPO prospectus lays out main risks to Aramco's operations

RIYADH (Reuters) – Saudi state oil giant Aramco unveiled the prospectus for its initial public offering (IPO) on Saturday, laying out the main material risks that may adversely affect the company’s business or its financial position. Aramco is the world’s largest oil producer, pumping 10% of global supply, and its most profitable. Weaker oil prices cut its first half net […]

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Siemens CEO deplores admiration for 'pot smoker' after deputy praised Elon Musk

FRANKFURT (Reuters) – Siemens (SIEGn.DE) Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. “Amusing opinions in our country: When a German chief executive proactively orients his company toward the future, he is regarded as […]

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