By Trixie Yap, Siyi Liu and Chen AizhuSINGAPORE (Reuters) - Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil (NYSE:XOM)’s petrol stations in Singapore, five people with knowledge of the matter said, as the refiner seeks retail fuel sales outlets. The sale of the Exxon Mobil retail outlets is entering the formal bidding stage wi ...
Investing.com-- Stifel analysts have upgraded their rating on Jack In The Box Inc (NASDAQ:JACK) to "Buy" from "Hold" and raised their price target, citing the appointment of new CEO Lance Tucker as a positive step.Stifel raised its PT on the stock to $35 from $32, citing the company’s efforts to strengthen its financial position and focus on a more streamlined strategy, with plans to reduce debt ...
(Reuters) - Australia’s Bega Cheese said on Monday that the Supreme Court of New South Wales has dismissed a case filed by Fonterra over trademark licensing agreements and the New Zealand dairy firm’s divestment plan.Last November, Fonterra’s Australian units initiated proceedings against Bega Cheese, seeking a ruling that Fonterra’s divestment proposal would not impact the existing tradem ...
By Donny Kwok and Selena LiHONG KONG (Reuters) - Ant Group, an affiliate of China’s e-commerce giant Alibaba (NYSE:BABA) Group, is buying a $362 million controlling stake in Bright Smart Securities & Commodities Group, marking its first acquisition of a securities brokerage licence.Ant agreed to buy a 50.55% stake in Bright Smart for HK$2.81 billion ($362.26 million), the companies said in ...