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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.

Business 01 Dec 2015 | 12:00 AM

BTG partners seek Esteves’s stake as arrest extended

SAO PAULO: BTG Pactual’s partners are in talks to buy former chief executive officer Andre Esteves’s (pic) controlling stake in the bank after his arrest last week, said a person with knowledge of the matter.

Business 10 Jul 2015 | 12:00 AM

SC charges ex-Linear Corp director over false statement

KUALA LUMPUR: The Securities Commission (SC) has charged a former director of Linear Corp Bhd for authorising a false statement to Bursa Malaysia Securities Bhd.

Corporate News 23 Apr 2015 | 12:00 AM

Former Inix CEO jailed for 45 months

PETALING JAYA: Inix Technologies Holdings Bhd’s former chief executive officer, Jimmy Tok Soon Guan, has been sentenced to 45 months in jail for providing false statements.

Business 21 Mar 2015 | 12:00 AM

Investigative audits common among listed companies

MALAYSIA has seen only small-scale forensic accounting cases, mostly in the form of investigation audits done on Practice Note 17 companies, which has surged since 2000.

Business 23 Sep 2014 | 12:00 AM

Short-sellers take aim at China from the shadows

HONG KONG: Shortsellers who profit from stock price declines have resumed targeting Chinese companies after a three-year lull, but many of the researchers who instigate the strategy are now cloaked in anonymity, shielding themselves from angry companies and Beijing’s counter-investigations.

Business 20 Sep 2014 | 7:02 AM

China fines drugmaker GSK record US$489m

SHANGHAI/LONDON: China fined GlaxoSmithKline Plc a record 3 billion yuan (US$489 million / £298.7 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for the British drugmaker.

Business 08 Sep 2014 | 8:43 AM

Petrobras scandal shakes up Brazil's presidential race

RIO DE JANEIRO: Brazil's October presidential race has been shaken up by a corruption scandal allegedly involving state-run oil firm Petrobras and dozens of lawmakers, with both leading candidates forced onto the defensive after colleagues were implicated.

Business 21 Aug 2014 | 7:17 AM

Ex-Aeropostale exec jailed eight years over US$25mil kickbacks

NEW YORK: A former merchandising executive at teen apparel retailer Aeropostale Inc was sentenced to eight years in prison on Wednesday after being convicted of defrauding the company and taking more than US$25 million in kickbacks from a key vendor.

Property 11 Aug 2014 | 12:00 AM

Indian tycoon tries to sell NY Plaza from jail

NEW DELHI: It’s hardly the US$30,000 a night royal suite, but after five months in India’s biggest jail, the owner of the New York Plaza and London’s Grosvenor House is thrilled to be able to use a modest office as he tries to sell the iconic hotels.