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Latest SD Guthrie Stock News | OTC:SDPNF | Benzinga

SD Guthrie Bhd is a palm oil plantation company. It is engaged in oil palm cultivation, harvesting, and milling in Malaysia. The company's segment includes Upstream Malaysia, Upstream Indonesia, Upstream Papua New Guinea and the Solomon Islands, Upstream Liberia, Downstream, and Other operations. It generates maximum revenue from the Downstream segment. Geographically, it derives a majority of its revenue from Malaysia and also has a presence in Europe, India, Indonesia, Thailand, Other countries in South East Asia, South Africa, Papua New Guinea and the Solomon Islands, China, Liberia, and Other countries.

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Shanghai Reports First Covid-Related Deaths Since Latest Lockdowns

Morning Brief: Top Financial Stories Dominating on Monday, April 18

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SMEBF

Here&#39;s Why Cargill Suspended Palm Oil Deal With Malaysia&#39;s Leading Planter Sime Darby: Bloomberg

SIME DARBY PLANTATION BHD by Sime Darby Plantation Berhad

SD Guthrie Bhd

SD Guthrie

CNBC

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26660747/shanghai-reports-first-covid-related-deaths-since-latest-lockdowns-cnbc" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Shanghai Reports First Covid-Related Deaths Since Latest Lockdowns</a>

<ul>
	<li>Shanghai city said that three people have died as of Sunday, attributing the deaths to preexisting health conditions. The official announcement noted that all three people were elderly and were not vaccinated against COVID-19.</li>
	<li>Beijing is trying to increase vaccination rates among the country&rsquo;s older population. According to the National Health Commission, as of April 11, about 224.8 million people over the age of 60 had been vaccinated.</li>
</ul>

 

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26661177/american-airlines-new-ceo-promises-reliability-entering-peak-travel-season-cnbc" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">American Airlines&rsquo; New CEO Promises Reliability Entering Peak Travel Season</a>

<ul>
	<li>This summer, American Airlines Group Inc&rsquo;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) CEO, Robert Isom, is aiming for one thing: reliability. Last year, the airline grew faster than its larger competitors, and passengers occasionally experienced extensive disruptions as a result of routine challenges such as weather and understaffing, writes CNBC.</li>
	<li>Robert Isom, who took over as CEO of America&rsquo;s largest airline on March 31, said his top priority is ensuring that passengers can rely on American this summer and beyond.</li>
</ul>

 

Reuters

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26661249/volkswagen-resumes-production-in-changchun-city-in-china-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Volkswagen Resumes Production In Changchun City In China</a>

<ul>
	<li>Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) factories in the northeastern Chinese city of Changchun have resumed production.</li>
	<li>The move comes after the city relaxed the COVID-19 restrictions.</li>
	<li>The auto major runs its Changchun facilities through a joint venture with China&rsquo;s FAW Group.</li>
</ul>

 

WSJ

<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/04/26660905/as-evolving-pandemic-response-officials-shift-to-personal-choice-on-covid-19-boosters-masks-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">As Evolving Pandemic Response, Officials Shift To Personal Choice On COVID-19 Boosters, Masks</a>

<ul>
	<li>In the latest phase of the COVID-19 pandemic, federal and local officials are leaving it up to people to assess if they need booster shots, whether to wear a mask and how long to isolate after a positive test.</li>
	<li>People 50 years and older can get the additional booster at least four months after their first, but health authorities aren&rsquo;t pushing those eligible to get the shots.</li>
	<li>Officials are still watching the virus closely. States and local governments are tracking wastewater data and counting hospitalizations and cases.</li>
</ul>

 

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26661491/after-march-crash-china-eastern-resumes-boeing-737-model-flying-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">After March Crash, China Eastern Resumes Boeing 737 Model Flying: WSJ</a>

<ul>
	<li>China Eastern Airlines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEA#NYSE">CEA</a>) resumed passenger flights of its Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737-800 model aircraft after grounding the planes for nearly a month, following a crash of one of the planes.</li>
	<li>While the airline&rsquo;s Boeing 737-800 planes have resumed operations, China Eastern said on Monday that it is still investigating and conducting assessments on a batch of 737-800 planes manufactured around the same time as the plane that crashed.</li>
</ul>

 

Bloomberg

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26660904/heres-why-cargill-suspended-palm-oil-deal-with-malaysias-leading-planter-sime-darby-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Here&rsquo;s Why Cargill Suspended Palm Oil Deal With Malaysia&rsquo;s Leading Planter Sime Darby</a>

<ul>
	<li>Leading agricultural trader Cargill Inc stopped buying palm oil products from Sime Darby Plantation Bhd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SDPNF#OTC">SDPNF</a>) following indication of forced labor, Bloomberg reports.</li>
	<li>Sime Darby acknowledged that Cargill had suspended all new sourcing of palm oil and derivative products since February 25 for reasons undisclosed. The companies were in talks.</li>
	<li>Sime is a leading oil palm planter by acreage.</li>
	<li>The U.S. Customs and Border Protection looked to seize Sime&rsquo;s palm oil and related goods as Sime used convicts and forced or indentured labor to manufacture products.</li>
</ul>

 

<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/04/26659883/heres-how-china-ruined-alibabas-ambitions-of-becoming-chinas-amazon" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Here&rsquo;s How China Ruined Alibaba&rsquo;s Ambitions Of Becoming China&rsquo;s Amazon</a>

<ul>
	<li>China&rsquo;s regulatory crackdown on Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shattered its ambitions of becoming Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) of China, Bloomberg reports.</li>
	<li>Alibaba&rsquo;s core e-commerce operation is under siege by regulators. The regulators also forced its finance arm to pull back from some of its most lucrative initiatives.</li>
</ul>

 

Financial Times

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26660751/ftse-100-ceo-remuneration-reaches-to-pre-pandemic-levels-pwc-analysis-shows-ft" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FTSE 100 CEO Remuneration Reaches To Pre-Pandemic Levels, PwC Analysis Shows</a>

<ul>
	<li>PwC&rsquo;s analysis of the first 50 FTSE 100 companies saw that CEOs&rsquo; 2021 median total remuneration jumped 34% year on year to pre-pandemic levels.</li>
	<li>A significant hike in annual bonuses drove the growth as some sectors like banks, broader financial services, and the construction industry saw a post-Covid boom.</li>
	<li>The analysis coincided with the AGM season, as investors scrutinize executive remuneration to ensure that companies taking furlough money or cutting dividends do not pay bonuses.</li>
</ul>

 

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26661111/bmw-assures-not-to-cut-jobs-in-electric-model-transition-financial-times" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BMW Assures Not To Cut Jobs In Electric Model Transition: Financial Times</a>

<ul>
	<li>Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) will not resort to job cuts during the company&rsquo;s transition from combustion engines to electric models.</li>
	<li>&ldquo;We will not have job losses due to the transformation,&rdquo; the report quoted CEO Oliver Zipse. &ldquo;At the end of the day, possibly already in this decade at our Munich plant, there will be fully electric production without anyone losing their job.&rdquo;</li>
</ul>

 

Benzinga

<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/04/26659728/is-elon-musk-considering-tender-offer-for-twitter-shareholders-cryptic-musical-tweet-sparks-speculat" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Is Elon Musk Considering Tender Offer For Twitter Shareholders? Cryptic Musical Tweet Sparks Speculations</a>

<ul>
	<li>Amid Twitter, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWTR#NYSE">TWTR</a>) board&rsquo;s reluctance to accept Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&rsquo;s offer to take the social media platform private, the world&rsquo;s richest person may be plotting his next move. Wedbush analyst and prominent Tesla bull Daniel Ives said in a recent note it has now become a &ldquo;game of high-stakes poker&rdquo; between the two parties.</li>
	<li>As the stakeholders look ahead to how the Musk-Twitter saga will evolve, the Tesla CEO sent everyone into a guessing game with a pithy cryptic tweet. On Saturday, Musk tweeted &ldquo;Love Me Tender,&rdquo; enclosing the tweet between musical notes emojis. At face value, it seems to be a reference to Elvis Presley&rsquo;s 1956 hit song with the same title.</li>
</ul>

 

<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26659582/apple-said-to-be-testing-9-new-macs-with-m2-chips" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Said To Be Testing Next Line Of M2 Chips Against Third-Party Apps</a>

<ul>
	<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is testing its next generation of silicon chips against third-party applications, according to Bloomberg tech journalist Mark Gurman.</li>
	<li>Gurman said in a weekly newsletter that Apple has both a series of new M2 chips and Macs in development.</li>
	<li>The Tim Cook-led company is testing the chips against third-party applications to ensure compatibility, according to Gurman.</li>
</ul>

 

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26660247/elon-musk-celebrates-dogecoin-themed-easter-but-the-meme-coin-is-still-plunging-hard" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Elon Musk Celebrates Dogecoin-Themed Easter But The Meme Coin Is Still Plunging Hard</a>

<ul>
	<li>Dogecoin DOGE/USD traded 5.8% lower over 24 hours at $0.135 at press time early on Monday, declining with other major coins like Bitcoin and Ethereum as the global cryptocurrency market cap fell 3.9% to $1.8 trillion.</li>
	<li>This came even as Tesla Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsla#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSLA</a>) CEO Elon Musk shared a photo on Twitter that featured Dogecoin-themed easter eggs and, supposedly, his own pet Shiba Inu dog Floki.</li>
</ul>

 

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26659697/100m-liquidated-in-1-hour-as-bitcoin-slips-below-39-000" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">$100M Liquidated In 1 Hour As Bitcoin Slips Below $39,000</a>

<ul>
	<li>More than $100 million worth of longs were liquidated over a one-hour time frame as Bitcoin BTC/USD lost support at $39,000.</li>
	<li>According to data from Benzinga Pro, Bitcoin saw a sharp selloff during Asian hours on Monday. The leading digital asset lost 4% of its value and fell to an intra-day low of $38,905.</li>
	<li>Ethereum ETH/USD, Solana SOL/USD, Cardano ADA/USD, and other leading altcoins also saw a sudden drop in prices.</li>
</ul>

 

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26659355/bitcoin-ethereum-dogecoin-sluggish-over-holiday-weekend-stocks-could-define-crypto-directi" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bitcoin, Ethereum, Dogecoin Sluggish Over Holiday Weekend: Stocks Could Define Crypto Direction In Key Earnings Week</a>

<ul>
	<li>Bitcoin and Ethereum traded below key psychological levels on Sunday evening as the global cryptocurrency market cap decreased 2.1% to $1.85 trillion at press time.</li>
	<li>Why It Matters: Risk assets such as cryptocurrencies slid, while stock futures dropped ahead of a week filled with earnings activity. Some of the companies set to report this week include Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).</li>
</ul>

Photo via Wikimedia Commons

<ul>
	<li>Leading agricultural trader&nbsp;Cargill Inc&nbsp;stopped buying palm oil products from&nbsp;Sime Darby Plantation Bhd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SDPNF#OTC">SDPNF</a>) following indication of forced labor,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-04-18/cargill-suspends-palm-oil-purchases-from-malaysia-s-sime-darby?srnd=premium-asia&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.&nbsp;</li>
	<li>Sime Darby acknowledged that Cargill had suspended all new sourcing of palm oil and derivative products since February 25 for reasons undisclosed. The companies were in talks.</li>
	<li>Sime is a leading oil palm planter by acreage.</li>
	<li>The U.S. Customs and Border Protection looked to seize Sime&#39;s palm oil and related goods as Sime used convicts and forced or indentured labor to manufacture products.</li>
	<li>Sime acknowledged it is taking measures to improve its labor rights and that other customers have taken up the supply of bulk products to Cargill in India.</li>
	<li>Sime also acknowledged that Italian confectionery giant Ferrero would stop sourcing palm oil from the company.&nbsp;</li>
	<li>Ferrero,&nbsp;General Mills Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), and&nbsp;The Hershey Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) ceased to have been Sime&#39;s customers for a while.</li>
	<li>Photo by tristantan via Pixabay</li>
</ul>

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SD Guthrie Stock News

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Latest SD Guthrie Stock News | OTC:SDPNF | Benzinga

Monday, April 18, 2022

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