Shell 'mulls over sale of $1.4b LNG stake'
KUALA LUMPUR • Royal Dutch Shell is considering a sale of its stake in a Malaysian liquefied natural gas export plant, which could fetch more than US$1 billion (S$1.38 billion), sources said.
Shell is gauging interest in its 15 per cent stake in MLNG Tiga, which owns an LNG terminal in Sarawak. The sale may draw interest from private-equity firms, the sources added.
StanChart gets nod for SDR bonds
HONG KONG • Standard Chartered Bank (Hong Kong) has obtained approval from the People's Bank of China to issue bonds denominated in Special Drawing Rights (SDRs) in China's interbank bond market. StanChart is looking to issue 100 million SDRs (about 925 million yuan or S$191 million); the bonds will be settled in yuan.