Indonesia president launches China-based BTR’s anode plant

Indonesia president launches China-based BTR’s anode plant

INDONESIA’S President Joko “Jokowi” Widodo on Wednesday (Aug 7) launched a plant built by China’s BTR New Material Group and Singapore’s Stellar Investment that will produce anode materials for electric vehicle (EV) batteries. In the first phase, the companies invested US$478 million for the plant that will produce 80,000 tonnes of materials per year, according…

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Gold prices inch lower as US dollar, yields rebound

Gold prices inch lower as US dollar, yields rebound

GOLD prices edged lower on Wednesday (Aug 7) as the US dollar and Treasury yields firmed, while bets of a September rate cut from the Federal Reserve limited further losses. Spot gold was down 0.2 per cent at US$2,385.23 per ounce, as at 0155 GMT. US gold futures fell 0.3 per cent to US$2,425.50. The…

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Hot ringgit trade gets another boost from foreign bond flows

Hot ringgit trade gets another boost from foreign bond flows

THE Malaysian ringgit’s rally is luring global funds to buy more local bonds, giving a further boost to the emerging market ’s top-performing currency this quarter. Foreign investors poured RM5.5 billion (S$1.6 billion) into Malaysian bonds in July, the largest monthly inflow in a year, according to data from Bank Negara Malaysia. The recent surge…

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Parisian Restaurant Responds to Serena Williams’ Claims It Denied Her and Family Access – E! Online

Parisian Restaurant Responds to Serena Williams’ Claims It Denied Her and Family Access – E! Online

Serena Williams‘ adventures in Paris continue to serve drama. After the tennis star shared that she and her family—including daughters Olympia Ohanian, 6, and Adira Ohanian, 12 months, whom she shares with husband Alexis Ohanian—had been denied access to the Peninsula restaurant in Paris while in France for the 2024 Olympic Games, the establishment responded to her claims, explaining the reasoning…

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Elite UK Reit posts 19.5% lower H1 DPU of £0.014

Elite UK Reit posts 19.5% lower H1 DPU of £0.014

ELITE UK Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the first half of the year fell 19.5 per cent to £0.014 from £0.0174 in the corresponding period the year before, based on a 90 per cent payout ratio.  The manager of the trust on Wednesday (Aug 7) also posted half-year revenue of…

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