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TOKYO: Toshiba Corp said it will drop two existing directors from its board as major shareholders demanded accountability after a probe showed unfair practices in last year’s selection process.
KUALA LUMPUR: Datuk Ahmad Nazim Abdul Rahman has been appointed as chief executive officer of Lembaga Tabung Angkatan Tentera (LTAT) and it takes effect on Tuesday.
ISS recommends vote against five Toshiba directors
THE skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think -- from that cup of coffee you get each morning to the toys you were thinking of buying your kids.
NEW YORK/LONDON: European shares, the S&P 500 and an index of global stock performance scaled new peaks while yields on U.S., Japanese and European government debt fell on Friday as investors embraced the easy monetary policies of major central banks.
WHEN Exxon Mobil Corp decided to get out of a big oil field in Iraq, the government took on the unusual role of salesman. Iraqi officials pitched West Qurna-1 to likely buyers from among Exxon’s supermajor peers, including arch-rival Chevron Corp. There weren’t any takers.
ABU DHABI: The Abu Dhabi Investment Authority added another senior hire to its in-house data analysis and artificial intelligence team, set up by the sovereign fund to develop new investment strategies.
NEW YORK: The debate about when the Federal Reserve (Fed) will start scaling back bond purchases is driving some investors to emerging-market assets less exposed to a potential surge in US yields.