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Credit Suisse CEO gets a 30% pay rise for completing turnaround

ZURICH: Credit Suisse Group AG boosted chief executive officer Tidjane Thiam’s compensation by about 30 percent for delivering the first annual profit in four years, even as the bank’s trading losses continue to overshadow progress in other areas.

Another blow for banking stocks

PETALING JAYA: Stocks on Bursa Malaysia, which have been the worst-performing in Asia this year, were dealt another blow as the probability of an interest rate cut hit banking stocks across the board.

PNB weighs first exchangeable bond sale

HONG KONG: Malaysia’s biggest state-owned fund manager, which owns more than 10% of the local stock market, is considering its first sale of exchangeable bonds as it seeks to raise funds for overseas investments.