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Business 20 Oct 2016 | 12:00 AM

Lotte chairman indicted

SEOUL: South Korean prosecutors indicted the head of Lotte Group for alleged embezzlement and breach of fiduciary duty, escalating the crisis at the retail giant, after investigators conducted one of the country’s biggest corruption probes in years.

Business 24 Sep 2016 | 12:00 AM

A clean, well lit place

THEY really do enforce the law in that little island down south.

Corporate News 12 Jul 2016 | 4:55 AM

Kim Dotcom to revive Megaupload

WELLINGTON: Internet mogul Kim Dotcom has announced plans to relaunch his Megaupload empire in 2017, exactly five years after US authorities shut it down over allegations of massive copyright piracy.

Corporate News 05 Jul 2016 | 8:22 AM

YTL Power yet to fulfil conditions for PPA

KUALA LUMPUR: YTL Power Generation Sdn Bhd has yet to sign a power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) due to conditions precedent (CP) set by the latter.

Business 11 May 2016 | 3:44 PM

India to take on defaulters as parliament approves bankruptcy bill

NEW DELHI: India’s upper house of parliament passed a new bankruptcy code on Wednesday, as the opposition swung behind measures to take tougher action against corporate defaulters and help banks recover over US$120bil in troubled loans.

Corporate News 22 Apr 2016 | 9:53 AM

Singaporean ex-BSI private banker charged

SINGAPORE: A Singaporean ex-BSI private banker has been charged with receiving benefits from criminal conduct, the Attorney-General’s Chambers (AGC) said on Friday.

Business 11 Mar 2016 | 7:54 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 11 Mar 2016 | 7:06 AM

Ex-Hanlong head sentenced to eight years for insider trading in Australia

SYDNEY: An Australian court jailed on Friday the former head of China's Hanlong Mining Investment Pty Ltd for eight years, Australia's corporate regulator said, in one of the country's harshest sentences for insider trading.

Business 21 Dec 2015 | 3:35 PM

Appeal court cuts jail term for Libor trader Hayes to 11 years

LONDON: The Court of Appeal in London on Monday cut the sentence of Tom Hayes, a former trader jailed for conspiracy to rig global Libor interest rates, to 11 years from 14 after considering mitigating factors such as his Asperger’s syndrome diagnosis.

Markets 18 Dec 2015 | 5:19 AM

Many happy returns as China stock market marks 25

A quarter of a century after it opened for business, the Shanghai exchange as a whole has more than 1,000 listed firms, nearly 100 million investors - more than the membership of the Communist party - and a total market capitalisation of US$4.5 trillion. It has given companies a key funding source outside the state-dominated banking system and created new wealth for investors.