Tag: Yahoo Finance

India palm import curbs to start Malaysia, Indonesia price war – association

India's restrictions on imports of refined palm oil will lead to a loss of market share for Malaysia and spark a price war with rival supplier, Indonesia, a Malaysian industry association said on Thursday. India, the world's biggest edible oil buyer, issued a notification on Wednesday amending imports of refined palm oil to "restricted", a move that industry sources said amounted to an effective ban. The move was seen as punishing Malaysia, India's main supplier of refined palm oil, for criticism of its policies by Mahathir Mohamad, the 94-year-old outspoken prime minister of Muslim-majority Malaysia....

Japan Language Firm That Surged 1,093% Eyes New Businesses

(Bloomberg) -- A Japanese language school whose stock soared almost 12-fold last year is planning to expand into new businesses as its chief executive officer tries to keep the rally alive.RareJob Inc., a Tokyo-based online English conversation school that uses teachers in the Philippines, will focus on areas including leadership training and job placement, Gaku Nakamura, the company’s founder and chief executive officer, said in an interview. Nakamura said one of his goals is to boost the company’s market value to 100 billion yen ($916 million) from its current level of about 25 billion yen.RareJob surged 1,093% in 2019, the second-best performance in Japan’s Mothers market of smaller shares, after it surprised investors by saying earnings would jump. Analysts -- and history -- suggest it will be difficult to keep up those gains after the company’s valuation exceeded 100 times estimated profit.“A lot of retail investors have already piled into the...