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Banking 28 Jun 2014 | 8:16 PM

US judge says Argentine debt payment illegal, should be returned

NEW YORK: A U.S. judge on Friday called Argentina's decision to make a sovereign debt payment in defiance of a court order an "explosive action" and told Bank of New York Mellon to return the money to the government.

Business 28 Sep 2010 | 12:00 AM

MD: Primus objection to disposal of EONCap shares to Hong Leong is due to legality issue

KUALA LUMPUR: Primus (M) Sdn Bhd managing director and co-chief executive officer Ng Wing-Fai said he objected to the disposal of EON Capital Bhd's (EONCap) entire assets and liabilities to Hong Leong Bank Bhd (HLB) because the legality of the matter had yet to be resolved by the court.

Business 08 Jun 2006 | 12:00 AM

Kulim claims victory at EGM

QSR Brands Bhd's EGM yesterday was as contentious as an earlier EGM in September last year, with one adversary claiming status quo in its board and the other claiming the removal of most of the directors and appointment of new ones.

Business 23 Aug 2013 | 1:01 PM

Fonterra Suspends Sri Lanka Operations After Milk Powder Protests

WELLINGTON: New Zealand dairy giant Fonterra Co-operative said on Friday it had suspended operations in Sri Lanka after the world's largest dairy exporter faced product bans, court cases and angry demonstrators over its milk products in the country.

Business 23 Sep 2010 | 12:00 AM

EON Bank group CEO uncertain about EONCap EGM

PETALING JAYA: EON Bank Group group CEO Michael Lor has no idea of what will happen to the EGM to be held by its holding company, EON Capital Bhd (EONCap), on Sept 27 pertaining to the Hong Leong Bank Bhd (HLB) takeover offer.

Business 05 Sep 2009 | 12:00 AM

General offer seven years late

WHAT did you have for lunch on Jan 17, 2002? Most people would find it impossible to answer that. It is tough to recall the details of a meal you had yesterday, let alone one more than seven years ago. Here is probably an easier question: Did you own Takaso Resources Bhd shares that day?