(Reuters) – Activist investor Kimmeridge Energy Management Co said on Friday shareholder advisory group ISS recommended two of its board nominees for PDC Energy Inc, a day after Glass Lewis backed the company’s full slate of directors. Kimmeridge, which owns 5.1% of PDC and is the seventh largest shareholder in oil and gas producer, had […]
SINGAPORE – It was in prison school, while spending 12 hours a day preparing for his O and A levels, that Mr Mohammad Azahari Abdul Razak realised studying was something he could be good at. The 38-year-old did well enough to enrol in a chemical engineering course at Singapore Polytechnic. He did this after finishing […]
WASHINGTON (Reuters) – The United States is close to a deal to remove tariffs on steel and aluminum imports from Canada and Mexico, which could help the three countries’ trade pact get ratified in the U.S. Congress, according to media reports on Friday. Bloomberg said the effective date for removing the tariffs was the outstanding […]
SINGAPORE – Mr Loh Kiong Poot, who decided to give back to help those in need after he retired, donated another $500,000 to The Straits Times School Pocket Money Fund (STSPMF) on Friday (May 17). The 75-year-old retired businessman made his first donation, also of $500,000, to the fund in August last year. He now […]
BRUSSELS (Reuters) – The European Union removed the British overseas territory of Bermuda, the Dutch Caribbean island of Aruba and Barbados on Friday from the bloc’s blacklist of tax havens, leaving no EU territory still on the list. The move left 12 jurisdictions on the list, prompting criticism over the EU blacklisting process, which was […]
NEW DELHI (AFP) – Indian Prime Minister Narendra Modi on Friday (May 17) condemned a firebrand Hindu election candidate from his ruling party who called the assassin of independence hero Mahatma Gandhi a “patriot”. The conservative Prime Minister was forced to act as a backlash grew over comments by Pragya Singh Thakur, already dogged by […]
HUAWEI TO FIGHT BACK; CHINA SIGNALS DISINTEREST IN TRADE TALKS Huawei, it seems, has been preparing for harsh US measures. Chinese media report that the head of Huawei’s chip unit had drawn up contingency plans and stockpiled some key parts, to minimise disruption. Mr He Tingbo, President of the unit, HiSilicon, said as much in […]
JAKARTA (AFP) – Indonesian police said Friday (May 17) that they have arrested dozens of Islamic State in Iraq and Syria-linked terror suspects, including some who planned to detonate bombs at political demonstrations when election results are announced next week. Some 29 suspects were rounded up this month alone, with 60 in all detained since […]
ANKARA (Reuters) – The U.S. decision to end its preferential trade agreement with Turkey contradicts their $75 billion bilateral trade target, Trade Minister Ruhsar Pekcan said on Friday, but welcomed Washington’s move to halve tariffs on steel imports. The White House said on Thursday it was terminating Turkey’s eligibility for the Generalized System of Preferences […]
SHANGHAI/BEIJING (Reuters) – China’s central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank’s thinking said. “At present, rest assured they will certainly not let it break 7,” a source told Reuters. A defense […]