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Business

Bank of Baroda may pare off insurance stake

MUMBAI: Bank of Baroda, India’s third-largest state-run bank by assets, is considering a sale of some of the minority stakes it holds in its insurance and asset-management ventures, according to people familiar with the matter.

Business

Choppy day on Wall Street; all eyes on Trump and healthcare(Update 2)

NEW YORK: Wall Street ended mixed after a choppy session on Wednesday as investors focused on President Donald Trump's struggle to push through a healthcare bill and snapped up stocks after a steep drop the day before

Business

MAHB, Rev Asia shares up on likely gains from Digital FTZ

PETALING JAYA: The stock prices of Malaysia Airports Holdings Bhd (MAHB) and Rev Asia Bhd rose on speculation that both companies would gain from the iconic Digital Free Trade Zone (DFTZ) that was launched yesterday.

Banking

AmBank eyes minimum 15% growth in loans to SMEs this year

KUALA LUMPUR: AmBank (M) Bhd aims to see a minimum of 15% growth in loans to small and medium enterprises (SMEs) for this year, said its group chief executive officer Datuk Sulaiman Mohd Tahir.

TECH

PayPal prompts Poland’s banks to team up for rival payment app

Banks competing in one of Europe’s most cut-throat markets decided to team up on a new technology that allows their customers to leave their wallets at home.

Business

Maybank and CIMB to enable Alipay mobile wallet in Malaysia

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and CIMB Bank Bhd - the country’s largest financial services providers - are partnering with Ant Financial Services Group, which operates the world’s largest online and mobile payment platform Alipay, to enable the Alipay mobile wallet in Malaysia.

Motorsport

Motor racing - Bottas out to make the most of dream chance at Mercedes

MELBOURNE (Reuters) - Valtteri Bottas is determined to make the most of his "dream" opportunity after being ushered into the Mercedes seat left vacant by the sudden retirement of Formula One champion Nico Rosberg at the end of last season.

TECH

Apple faces tough competition in China: ‘Alipay or WeChat Pay?’

Dong Ximiao was buying a meal at KFC in Hangzhou on a recent Sunday and pulled out his phone to pay, like everyone does in China, when the cashier asked: “Alipay or WeChat Pay?”

Business

US preparing 1MDB-linked charges against Jho Low, WSJ says

KUALA LUMPUR: U.S. authorities are planning to file criminal charges against Malaysian financier Jho Low in a money laundering investigation surrounding 1Malaysia Development Bhd (1MDB), the Wall Street Journal reported.

Business

Ringgit lower against US$ early Wednesday

KUALA LUMPUR: The ringgit erased yesterday's gains to open lower, in early trade Wednesday, on mild selling pressure against the backdrop of more dovish-than-expected monetary policy from the US Federal Reserve, a dealer said.