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ZURICH: Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined US$12.5bil to resolve US investigations into sales of the toxic debt that fuelled the financial crisis, putting behind them a major dispute that had weighed on their shares and raised questions about their turnaround plans.
Opec and non-Opec producers confound critics by agreeing on production cuts
MALAYSIAN companies with oil producing assets are the clear beneficiaries of the recent global oil pact by major producers to cut down oil production.
Kunio Watanabe is head of asset management, Nomura Holdings Inc. He is also director, president and CEO of Nomura Asset Management Co Ltd (NAM), a position held since April 2014.
NEW YORK/FRANKFURT: Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis
SEOUL: Headed for a fourth straight annual profit decline, Hyundai Motor <005380.KS> is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters.
KUALA LUMPUR: The Federal Land Development Authority (FELDA)s plan to acquire a 37 per cent stake in Indonesias PT Eagle High Plantation Tbk (EHP) will not affect the well-being of settlers.