Olam International, under pressure to retreat from a debt-fueled acquisition spree, will unveil a strategy review on Thursday that many investors hope will target less growth and more cash.» Read More
SINGAPORE, May 8- Shares of Wilmar International Ltd rose as much as 3 percent in early trade on Wednesday after the Singapore palm oil firm posted a 23 percent rise in first-quarter net profit, largely due to a recovery in its oilseeds and grains segment.
SE ASIA STOCKS-Malaysia up on post election rally; Thai SET index hits 1,600 STOCKS TO WATCH-- WILMAR INTERNATIONAL LTD. -Singapore palm oil firm Wilmar posted a net profit of $315.4 million in the first quarter, up 23.3 percent from a year earlier.
*Mewah, Wilmar lead palm oil charge to Iran. KUALA LUMPUR, April 29- Iran is having to pay a premium for basic foodstuffs such as cooking oil, highlighting the increasing strain on Tehran from Western sanctions aimed at its disputed nuclear programme, even though the sanctions don't cover food.
for the strength of signals coming from a Bank of Japan. Brent crude eased to $103 a barrel on Friday after rising $3. consumers, the United States and China.
-Olam International Ltd, propped up by Singapore state investor Temasek Holdings after worries mounted over its high debt, bowed to investor pressure and said it will nearly halve its capital spending over the next three years and trim its businesses.
Olam International, under pressure to retreat from a debt-fueled acquisition spree, will unveil a strategy review on Thursday that many investors hope will target less growth and more cash.
Malaysian troops backed by fighter jets attacked an armed Filipino group on Tuesday, trying to end a standoff on Borneo island after violence that killed at least 27 people.
Shares of SCMP Group, the publisher of the South China Morning Post, fell as much as 10 percent in resumed trade on Tuesday after it said it was in talks about the possible acquisition of a group of media companies.