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SYDNEY: Westpac Banking Corp lags rivals as its dated systems is forcing it to spend, rather than save, while profit margins are eroded by record-low interest rates, investors said after Australia's biggest banks issued earnings and trading updates.
THE world’s most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates (UAE) entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed.
MEXICO CITY: On Aug. 21, a tanker called the Otoman docked at the Jose oil terminal on Venezuela's coast in the Caribbean to load 1.82 million barrels of heavy crude, according to the state oil company's internal documents. Yet no tanker with that name is registered in major global shipping databases.
BEIJING/SHANGHAI: China on Tuesday published draft rules aimed at preventing monopolistic behavior by internet platforms, a move that will increase scrutiny on e-commerce marketplaces and payment services belonging to the likes of Alibaba Group.
JAKARTA: The Energy and Mineral Resources Ministry has installed two new officials to oversee Indonesia’s renewable energy and oil and gas industries as the country seeks to simultaneously develop clean energy and ramp up oil production.
PETALING JAYA: The expansionary Budget 2021 has been described as well-crafted, with measures to sustain and develop the country’s economy, by Kuala Lumpur & Selangor Indian Chamber of Commerce & Industry (KLSICCI) president Datuk R Ramanthan.
LONDON/DUBAI: Key members of Opec are wary that strains in the Opec+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut.
KUALA LUMPUR: Although Budget 2021 is the largest budget ever announced by the government, with tax collection under pressure from a slower economy, the government appears to have resisted the urge to amend the tax law.
KUALA LUMPUR: The Government is considering new laws to regulate the gig economy and to protect the welfare of the gig workers.
SYDNEY: Casino operator Crown Resorts Ltd has been accused at an Australian regulatory inquiry of having a "culture of denial and arrogant indifference to compliance" in its dealings with junket operators.