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Technology 21 Dec 2017 | 12:37 AM Premium

US big tech is unlikely to blow its tax bonus

A big dealmaking run is unlikely, as many companies don’t really need the money

Corporate News 27 Dec 2017 | 12:00 AM Premium

Analysts cross fingers for return of biopharma M&As

NEW YORK: Wall Street is holding its breath for the rekindling of mergers and acquisitions (M&As) across the biotechnology and pharmaceutical sector after 2017 led to a pause in deal-making.

Corporate News 29 Dec 2017 | 10:45 PM Premium

Goldman warns of US$5bil earnings hit from US tax law

NEW YORK: Goldman Sachs Group Inc said on Friday it would take a $5 billion earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law's one-time impact on corporate profits held overseas.

Stock on the Move 08 Jan 2018 | 1:20 AM Premium

MyEG shares hit record high on contract extension

KUALA LUMPUR: Shares in My EG Services Bhd (MyEG) rose in early trade Monday following the extension of its foreign workers repatriation contract.

Technology 18 Jan 2018 | 1:11 AM Premium

Apple to pay $38b in taxes on cash overseas

Apple said it had $252bil in cash or cash equivalents abroad

Forex 18 Jan 2018 | 6:01 AM Premium

Most Asian currencies slip as dollar edges off 3-year lows

BENGALURU: Most Asian currencies weakened on Thursday, with the dollar gaining after European Central Bank officials voiced concerns about euro strength and Apple Inc said it planned to repatriate billions of dollars to the United States.

Insurance 15 Apr 2018 | 11:19 AM Premium

Foreign insurers can't choose alternatives to divest stakes

KUALA LUMPUR: Foreign insurers, which have repatriated about RM16.5 billion between 2008 to 2017 in the form of dividends but didn't contribute as much as expected for the development of the domestic industry, can't choose alternative initiatives with their promise to divest their stake, said Bank Negara Malaysia (BNM).

Insurance 16 Apr 2018 | 12:00 AM Premium

Foreign insurers can’t choose alternative initiatives for divestment

KUALA LUMPUR: Foreign insurers, who have repatriated about RM16.5bil between 2008 to 2017 in the form of dividends but didn’t contribute as much as expected for the development of the domestic industry, can’t choose alternative initiatives with their promise to divest stake, said Bank Negara.

Auto 11 May 2018 | 12:00 AM Premium

Suzuki Motor sees 9.1% profit slide due to stronger yen

TOKYO: Suzuki Motor Corp forecast a 9.1% slide in operating profit for the current financial year as it expects a stronger yen and higher research and development costs to offset rising car sales mainly in India, its biggest market.

Business 18 May 2018 | 12:00 AM Premium

Bank Negara may reopen 1MDB investigation

KUALA LUMPUR: Bank Negara is prepared to reopen 1Malaysia Development Bhd’s (1MDB) case if new information surfaces.