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BEIJING: A unit of Beijing’s Tsinghua University said it would buy aluminium smelter Tianshan Aluminium for an estimated 23.6 billion yuan (US$3.7bil), in what analysts say is a way for the smelter to become a publicly traded entity.
KUALA LUMPUR: Financial insitutions which view that regulation makes market players “boring” have become too complacent in their comfort zone and should undertake a reality check, says Bank Negara Malaysia Governor Tan Sri Muhammad Ibrahim.
KUALA LUMPUR: The democratisation of finance, the importance of data and shifts in consumer needs and expectations are just some of the things finance practitioners and regulators may have to prepare for, says Datuk Muhammad bin Ibrahim, Governor of Bank Negara Malaysia.
GUANGDONG: The next game-changing idea in global technology will likely come from a cluster of cities in the Guangdong province, says Montgomery Ho, chief executive of HSBC Guangdong.
KUALA LUMPUR: Alkhair International Islamic Bank Bhd (AKIIB), which is owned by Bank Alkhair BSC in Bahrain, has appointed Yeow Tiang Hui as its chief executive officer effective Aug 1.
WASHINGTON: President Donald Trump is increasingly unlikely to nominate Federal Reserve Chair Janet Yellen next year for a second term, and National Economic Council Director Gary Cohn is the leading candidate to succeed her, Politico reported on Tuesday, citing four people close to the process.