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Tag: EMRG

EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say
Business

EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say

A view of Tenaga Nasional Berhad headquarters in Kuala Lumpur, Malaysia, October 13, 2015. REUTERS/Olivia HarrisRegister now for FREE unlimited access to Reuters.comRegisterSINGAPORE, Aug 12 (Reuters) - Malaysian electricity utility Tenaga Nasional Bhd (TENA.KL) plans to set begin the process next year for a potential $1 billion listing of its power generation business, sources close to the matter told Reuters.In what would be the country's largest initial public offering (IPO) in a decade, TNB Power Generation Sdn Bhd, known as TNB Genco, could be valued at about $4 billion, the sources said, declining to be named owing to the confidential nature of the matter.Proceeds from the offering will be used to grow TNB Genco's renewable energy portfolio, they added.Register now for FREE unlimi...
Ukraine health crisis worsens as medics work amid shelling – WHO
Health

Ukraine health crisis worsens as medics work amid shelling – WHO

LONDON, Aug 4 (Reuters) - Ukraine is facing a worsening health emergency as the conflict with Russia rages on, the World Health Organization said, with a combination of burnt-out staff, increased shelling and the approach of winter fuelling the agency's concerns.There have been 434 attacks on healthcare facilities in the country, out of 615 such attacks reported this year worldwide, according to a WHO tracker.The WHO's Ukraine emergency co-ordinator Heather Papowitz said healthcare teams in many areas have become used to working with shelling outside their window.Register now for FREE unlimited access to Reuters.comRegister"It's kind of falling off the news in a way... but this is an emergency of public health," Papowitz told Reuters on Wednesday.Russia denies it targets civilians, but ...
Indonesia, U.S. to hold military exercise amid heightened Indo-Pacific tensions
Fitness

Indonesia, U.S. to hold military exercise amid heightened Indo-Pacific tensions

U.S. Commanding General for the 7th Infantry Division Major General Stephen G. Smith speaks during a news conference ahead of the Super Garuda Shield 2022 joint excercise, at the U.S. embassy in Jakarta, Indonesia, July 29, 2022. REUTERS/Willy KurniawanRegister now for FREE unlimited access to Reuters.comRegisterJAKARTA, July 29 (Reuters) - Some 4,000 soldiers mostly from Indonesia and the United States will conduct a joint military exercise next week that underscores "the importance we place on a free and open Indo-Pacific region," a senior U.S. military official said on Friday.The annual "Super Garuda Shield" exercise, which the United States called "significantly larger in scope and scale than previous exercises", comes against a backdrop of heightened tensions with China over the la...
Factbox: Egypt keeps former powerhouse Muslim Brotherhood out of politics
Politics

Factbox: Egypt keeps former powerhouse Muslim Brotherhood out of politics

A Muslim Brotherhood member shouts solgans in front of riot police during a demonstration protesting the government's decision to transfer two Red Sea islands to Saudi Arabia, in front of the Press Syndicate in Cairo, Egypt, April 15, 2016. REUTERS/Amr Abdallah DalshRegister now for FREE unlimited access to Reuters.comRegisterJuly 29 (Reuters) - After years of sweeping crackdowns on dissent, Egypt is set to launch a political dialogue, but the once-powerful and now outlawed Muslim Brotherhood is excluded.Long viewed as the most influential Islamist movement in the Middle East, the Brotherhood rose to power in Egypt's first modern free election in 2012, a year after veteran President Hosni Mubarak was toppled in a popular uprising.But the Brotherhood's success, which followed decades of...
Lift-maker Otis agrees to sell Russia business to local investment firm
Business

Lift-maker Otis agrees to sell Russia business to local investment firm

This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, July 27 (Reuters) - Lift-maker Otis Worldwide Corp (OTIS.N) said on Wednesday it had agreed to sell its Otis Russia business to Russia-based investment company Ice Development."After carefully considering the global impacts and consequences of the ongoing crisis and humanitarian tragedy across Eastern Europe, including supply chain disruptions and mounting regulations, we determined that Otis' ownership of our business in Russia is no longer sustainable," Otis said in a statement.Scores of companies have opted to exit Russia or announced plans to do so since Moscow sent tens of thousands of troops into Ukraine on Feb. 24.Register now for FREE unlimited access to Reuters....