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Economy 30 Jul 2018 | 12:00 AM

Financial clout in PM’s hands

Key assets to be put under PMO ensure premier has direct influence over the economy

Investment 28 Jul 2018 | 12:00 AM

China deflects blame for Qualcomm nixing US$44bil NXP deal

SAN FRANCISCO: China expressed regret over Qualcomm Inc’s decision to scrap a US$44bil takeover of NXP Semiconductors NV, an apparent attempt to avoid blame after regulators failed to rule on what would have been the largest chip acquisition in history.

Economy 17 Jul 2018 | 5:16 AM

UK's Brexit proposal pleases nobody but is an important step forward

THE proposal seeks a softer Brexit for exporters of goods, but a hard Brexit for services. The publication of the UK government’s white paper outlining its approach to Brexit marks a significant and long overdue step towards the UK leaving the European Union.

Economy 13 Jul 2018 | 5:48 AM

China state firms draw up plans to deleverage, cut debt ratios

SHANGHAI: Six of China’s biggest state-owned firms have drawn up plans to reduce debt and leverage in the coming two years, state media said on Friday, part of the country’s efforts to rejuvenate the debt-ridden sector.

Corporate News 22 Jun 2018 | 12:00 AM

Court decides today whether Petronas can proceed with legal challenge against Sarawak

PUTRAJAYA: Petroliam National Berhad (Petronas) will know today if it can commence proceedings in the Federal Court against the Sarawak government pertaining to the regulatory authority over upstream oil and gas activities in Sarawak.

Corporate News 09 Jun 2018 | 12:00 AM

A bitter pill for Pharmaniaga to swallow

PHARMANIAGA Bhd’s shares took a beating this week, declining sharply by 7.9% to RM3.73 on Friday, making it the largest single day drop in two years.

Cryptocurrency 05 Jun 2018 | 12:10 AM

Total virtual currency sales jump in 2018 but monthly trend slows

NEW YORK: Virtual currency sales ballooned to $9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown if the two biggest offerings are excluded.

Business 28 May 2018 | 12:00 AM

End ‘hide and seek’ Brexit approach, UK told

EU negotiator seeks ‘clarity’ on customs approach

Business 17 May 2018 | 12:00 AM

Singapore ready to extend further help on 1MDB probe

SINGAPORE: Singapore authorities are fully prepared to extend further assistance to their Malaysian counterparts on 1MDB-related transactions, the Commercial Affairs Department and the Monetary Authority of Singapore (MAS) said in a statement.

Corporate News 16 May 2018 | 3:48 AM

Singapore ready to extend further help to Malaysia on 1MDB probe

SINGAPORE: Singapore authorities are fully prepared to extend further assistance to their Malaysian counterparts on 1MDB-related transactions, the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) said in a statement on Wednesday morning.