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KUALA LUMPUR: D’nonce Technology Bhd said managing director and single largest shareholder Law Kim Choon is looking to sell his stake in the company, confirming a StarBiz Premium report that the company is a takeover target.
LONDON: European Union rules to regulate financial benchmarks like Libor will probably be delayed for months, a senior lawmaker said, because a key vote next week is likely to be postponed.
BRUSSELS: European Union leaders will agree next week to insert two sentences into the EU treaty to pave the way for the creation of the European Stability Mechanism (ESM) from 2013, draft conclusions of the summit showed.
WASHINGTON: Days after delaying health insurance requirements for employers, the Obama administration has decided to roll back requirements for new state online insurance marketplaces to verify the income and health coverage status of people who apply for subsidized coverage.
KUALA LUMPUR: RHB Research Institute believes the possibility that Indonesia will limit foreign ownership in plantations to not more than 30% is unlikely to happen.
DUBAI/MOSCOW: A lobby group for Russian banks has written to Moscow's central bank seeking measures to promote Islamic finance at a time when the banking sector is facing a squeeze on foreign financing due to economic sanctions imposed over the Ukraine crisis.