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Rating agencies knew of stress at India's IL&FS, but gave good ratings

MUMBAI/NEW DELHI: Credit rating agencies for years assigned high ratings to India's Infrastructure Leasing & Financial Services (IL&FS) and its group companies despite its deteriorating financial health, according to a special audit conducted by Grant Thornton India.

Credit rating agencies for years assigned high ratings to India's Infrastructure Leasing & Financial Services (IL&FS) and its group companies despite its deteriorating financial health, according to a special audit conducted by Grant Thornton India.

How a Persian Gulf conflict could impact commodities markets

SINGAPORE: Surging oil and gas prices, skyrocketing insurance costs and attacks on energy and banking infrastructure are likely to be some of the initial impacts if the current Iranian tension erupts into outright war.

Surging oil and gas prices, skyrocketing insurance costs and attacks on energy and banking infrastructure are likely to be some of the initial impacts if the current Iranian tension erupts into outright war.

London Biscuits addresses issues

LONDON Biscuits Bhd’s recent trigger of Practice Note 17 (PN17) does seem like a bad end to an already gloomy story that had been hovering over the confectionery manufacturer in recent times.





Market rumours: A worker manning a production line at London Biscuits’ factory in Ulu Tiram, Johor. There are market rumours that the company could be subject of some merger and acquisition activities or even being privatised by its owners.

Wan Azmi expanding his stock positions

WIDELY-KNOWN as one of “Daim’s boys” in the heydays of the 1980s through the 1990s, Tan Sri Wan Azmi Wan Hamzah (pic) is no stranger in Corporate Malaysia.

Singapore’s US$518b stock market looks past recession risk

SINGAPORE: Investors are sanguine about Singapore’s equity market even as the nation faces the risk of a technical recession, as a positive outlook for dividends and earnings overshadows threats from the US-China trade spat.

Lufax to ditch P2P lending amid regulatory woes

BEIJING: Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance, plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.