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BANKS are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis.
KUALA LUMPUR: Companies setting up offices at the Tun Razak Exchange (TRX) will enjoy an extension to their tax benefits to next year in view of the weak property market caused by the Covid-19 pandemic.
HONG KONG: Hong Kong shares fell on Monday, dragged by financials after reports said HSBC and Standard Chartered were among banks moving allegedly illicit funds over the past two decades and as Sino-U.S. tensions hit index heavyweight Tencent.
HONG KONG: HSBC and Standard Chartered Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money.
HONG KONG, Sept 21 (Reuters): HSBC and Standard Chartered's Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money.
Several global banks moved large sums of allegedly illicit funds over a period of nearly two decades, despite red flags about the origins of the money, BuzzFeed and other media reported on Sunday, citing confidential documents submitted by banks to the U.S. government.
AFTER lying in a state of disrepair for over two years, Kuala Lumpur City Hall (DBKL) has been tasked to repair the ageing Heritage Quarter area which is also referred to as Precinct 7.
JAKARTA, Sept 18 (Jakarta Post/ANN) - The Indonesian government should use the COVID-19 pandemic as an opportunity to accelerate economic reforms to attract more investment after the health crisis recedes, an economist with HSBC has said.
THE recent obsession with seemingly modest euro exchange-rate gains has more to it than meets the eye.
BEIJING/SHANGHAI: Hong Kong shares ended lower on Thursday, tracking weakness in other Asian markets, after the U.S. Federal Reserve pledged to keep interest rate low but stopped short of offering fresh stimulus to boost the world's largest economy.