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PETALING JAYA: The proposed merger between Malaysian Industrial Development Finance Bhd (MIDF) and Al Rajhi Bank hit a snag due to differences in which set of Islamic laws to apply for the entity.
THE Covid-19 outbreak has affected the outlook for companies in the immediate term although analysts are still divided as to how severe the impact would be for the coming first quarter reporting season of the 2020 calendar year.
WE are used to say the axiom: “When the Wall Street sneezes, the rest of the world catch a cold”. This time around, Wall Street is still at near record high and it has not “sneezed” but half way around the globe, we have a new bug, and the world is catching a cold. Yes, it’s the coronavirus or what is now known as Covid-19.
REVIEW: Volatility continued in markets as the Covid-19 coronavirus pandemic continued to spread, despite stimulus measures by Beijing to mitigate the negative impact on its economy.
SHANGHAI: China’s currency and bond markets have been devoid of traders as coronavirus cases continue to climb. That has made it tougher to gauge the outbreak’s market impact.
PETALING JAYA: If the team’s fine form is anything to go by, Malaysia are looking good to punch their ticket to the Thomas Cup Finals in Aarhus, Denmark in May.
ZURICH: Tidjane Thiam’s saw his final set of results as chief executive officer of Credit Suisse Group AG marred by an unexpected loss at the investment bank and lower than expected earnings at the trading unit, dragging down gains at other key businesses.
KUALA LUMPUR: The liquidator of London Biscuits Bhd is calling for a meeting of creditors of the company in Johor Bahru on March 24.
LAHORE, Pakistan (Reuters) - Pakistani Islamist Hafiz Saeed, accused by India and the United States of masterminding 2008 attacks in Mumbai, was jailed for 11 years on Wednesday on terrorism financing charges, a Pakistani government prosecutor and his lawyer said.