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Business 21 Nov 2012 | 12:00 AM

UBS trader jailed for seven years in US$2.3bil fraud

LONDON: UBS trader Kweku Adoboli was jailed for seven years on Tuesday for the biggest fraud in British history, which cost the Swiss bank US$2.3 billion.

Business 20 Nov 2012 | 12:00 AM

China appoints new top official for scandal-ridden Chongqing

BEIJING: China has confirmed that rising star Sun Zhengcai has been appointed Communist Party boss for the scandal-ridden southwestern city of Chongqing, taking the old job of disgraced Bo Xilai in the country's biggest metropolis.

Business 12 Oct 2012 | 12:00 AM

U.N. chief finds his voice, but remains cautious on China

UNITED NATIONS: Over the past six years U.N. Secretary-General Ban Ki-moon has undergone a metamorphosis from a soft-spoken diplomat cautiously juggling conflicting demands from big powers into an outspoken defender of human rights in Syria, Iran and elsewhere.

Business 11 Oct 2012 | 12:00 AM

Ex-director Rajendram jailed, fined for furnishing false statements to Bursa

KUALA LUMPUR: Former director of LFE Corp Bhd J.R. Alan Rajendram was found guilty on four charges of furnishing false statements to Bursa Malaysia and was sentenced to a year in jail and fined RM1.2mil.

Business 24 Aug 2012 | 12:00 AM

India faces Twitter backlash over Internet clampdown

NEW DELHI: The government faced an angry backlash from Twitter users on Thursday after ordering Internet service providers to block about 20 accounts that officials said had spread scare-mongering material that threatened national security.

Business 24 Aug 2012 | 12:00 AM

Insight: Debt risks lurk in Vietnam's unreformed state giants

HANOI: From the rural heartlands to traffic-choked cities, Vietnam Electricity Group is hard to miss. It builds apartments, runs a bank, oversees a stock brokerage, provides electrical power to millions of homes and employs 100,000 people.

Business 20 Aug 2012 | 12:00 AM

Korea Life likely to ditch plan to buy ING's SE Asia unit

SEOUL: Korea Life Insurance Co Ltd is unlikely to pursue its planned purchase of Dutch insurer ING's Southeast Asian life insurance operations, a spokesman for the Korean firm's parent Hanwha Group said on Monday.

Business 06 Apr 2012 | 12:00 AM

Former Tyco CEO Kozlowski denied parole

NEW YORK (Reuters) - Dennis Kozlowski, the former Tyco International CEO whose $6,000 shower curtain made him a symbol of corporate greed, was denied parole this week, New York's Department of Corrections said on Thursday.

Business 05 Apr 2012 | 12:00 AM

Analysis - South Korea's unloved chaebol

SEOUL (Reuters) - If you are a South Korean you might well wake up in a Samsung-built apartment, watch the news on an LG television, drive a Hyundai car to work and make a dinner reservation at a Lotte Hotel restaurant on a Samsung phone.

Business 31 Mar 2012 | 12:00 AM

SC’s long list of achievements

NOBODY spends six years as chairman of the Securities Commission (SC) and not have an impact of the Malaysian capital market. The only question is, how exactly has he changed things?