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Cryptocurrency 12 Sep 2018 | 2:25 AM Premium

Can Olaf Carlson-Wee survive the Bitcoin crash?

Now running the world’s largest crypto hedge fund, the 29-year-old says he is undeterred by recent losses

Corporate News 28 Aug 2018 | 10:03 AM

Lira crash hits IHH Q2 earnings

KUALA LUMPUR: IHH said profit contribution from 60% owned Acibadem Holdings, a leading healthcare provider based in Turkey, dropped by a quarter in the three months ended June 30 due to unfavourable currency exchange rate.

Corporate News 16 Aug 2018 | 12:00 AM

Turkey’s US$16bil debt at risk from lira crash

DUBAI: Major Turkish companies, financial institutions and the government have at least US$16bil in bonds denominated in foreign currency that are due by the end of next year, data compiled by Bloomberg shows.

Construction 06 Jun 2018 | 12:00 AM

A RM2bil ‘deal crash’ on Pan Borneo Highway

PETALING JAYA: Lebuhraya Borneo Utara Sdn Bhd – the project delivery partner of the Pan Borneo Highway – has not given consent to the joint-venture (JV) company formed between Ekovest Bhd and Samling Group to undertake sub-contraction work valued at some RM2.11bil for the highway.

Corporate News 31 Jan 2018 | 10:16 AM

Capita shares crash 40% as UK outsourcer cuts forecasts

LONDON: British outsourcing group Capita lost 40 percent of its value on Wednesday after its new boss slashed profit forecasts and set out plans to raise cash to avoid the same fate as collapsed Carillion.

Corporate News 06 Dec 2017 | 9:16 AM

Steinhoff delays results and CEO quits, shares crash

JOHANNESBURG: Shares in Steinhoff International lost more than half their value on Wednesday after the furniture retailer said it would launch an investigation into accounting irregularities, its chief executive resigned and it postponed full-year results.

Corporate News 25 Aug 2017 | 2:21 AM

Malaysian launches takeover for Blumont of 2013 penny stock crash

SINGAPORE: Blumont Group, one of the stocks that was at the centre of Singapore's largest case of financial fraud, is now the subject of a takeover bid for 0.0182 cent a share

Business 01 Jul 2017 | 12:00 AM

Thailand copes with super baht 20 years after currency crash

TWO decades ago, Thailand became ground zero of the Asia financial crisis, when its government scrapped a dollar peg with the baht, a devaluation that unleashed a wave of speculative attacks on other regional currencies and shook the global economy. Now, the baht is again posing challenges for Thailand but this time because it may be too strong.

Business 14 Mar 2017 | 12:00 AM

Top iron miners set to survive price crash

MELBOURNE: The world’s biggest iron ore miners will be able to withstand the expected plunge in prices because their race to cut production costs has dramatically lowered the industry’s margin pressure point, allowing them to keep fuelling a cash juggernaut that’s revived the mining sector.

Auto 21 Jan 2017 | 12:00 AM

After the crash of 2016, a cautious outlook for auto

MALAYSIAN vehicle sales growth had been steadily moving at cruising speed over the past six years but came to a screeching halt in 2016.