Tag: Yahoo Finance

Temasek makes $3 billion bid to take control of Singapore's Keppel Corp

Singapore state investor Temasek Holdings [TEM.UL] is offering to take control of Keppel Corp in a S$4.1 billion (2.32 billion pounds) deal that will shore up support for the conglomerate, which is battling difficult business conditions. Temasek, which directly owns 20.5% of Keppel, said in a statement that the pre-conditional offer is subject to it obtaining domestic and foreign regulator approvals, which could take many months. Keppel, whose businesses range from rig-building to property development, has been facing business challenges in its main sectors....

Saudi Arabia's Mobily Expects Sales Growth to Continue: CFO

Oct.21 -- Khaled Abanami, chief financial officer of Etihad Etisalat, talks about the company's financial results and business prospects. The Saudi Arabian telecommunications provider known as Mobily posted a fourth consecutive quarter of profit. It earned 51.1 million riyals compared to a loss of 30.9 million a year ago. Abanami speaks with Manus Cranny and Tracy Alloway on "Bloomberg Daybreak: Middle East."...

PG&E plans more power cutoffs, warns of severe weather this week

PG&E Corp said it was considering more power cutoffs, which would be much smaller than the recent outage, as the bankrupt California power producer warned about severe weather risks later this week. The company said it activated its emergency operations on Sunday night to keep an eye for a possible "strong and dry offshore" wind likely to hit 17 counties across northern and southern California later this week. PG&E is considering implementing a public safety power shutoff (PSPS) and turning off power across portions of the counties, adding that as of late Sunday no PSPS had been called....

BREXHAUSTED

‘Super Saturday’ in the UK House of Commons failed to live up to the billing as the crucial ‘meaningful vote’ on Prime Minister Johnson’s Brexit deal was scuttled by an amendment which delays, rather than defeats, the proposed agreement....