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German engineering group Robert Bosch is weighing a bid for US appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market.
Aramco reported record profits in 2022 after Russia's invasion of Ukraine sent oil prices soaring, allowing Saudi Arabia to record its first budget surplus in nearly a decade. But the Saudi cash cow saw its profits drop by a quarter last year because of lower oil prices and production cuts.
Publicly listed telecommunication companies PT XL Axiata and PT Smartfren Telecom are considering a merger to create a new industry entity called MergeCo, according to a disclosure notice released on Wednesday.
BTN has kick-started its move to acquire a stake in the country's oldest sharia bank, in line with a December announcement by the SOEs Minister on a plan to merge BTN Syariah and Bank Muamalat for finalizing by March.
