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Business

Tsinghua University unit to buy aluminium firm for US$3.7bil

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.

Business

US universities seed start-ups

NEW YORK: A decade ago, Devin Jameson might have chosen to drop out of college and work on Eversound, a wireless headset start-up for senior communities.

Business

Banking rules don’t make market players ‘boring’

PETALING JAYA: Financial institutions that think regulation makes market players “boring” may have become too complacent and should undertake a reality check, says Bank Negara governor Tan Sri Muhammad Ibrahim (pic).

Business

Bank Negara Governor: Using disguise of being tied by regulations not valid excuse

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.

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CIO Journal offers a glimpse into the mind of the CEO

Banking

AmBank Islamic, IIUM launch credit card

KUALA LUMPUR: AmBank Islamic Bhd and International Islamic University of Malaysia (IIUM) officially launched the AmBank Islamic - IIUM credit card on Wednesday.

Business

Finance themes for the future

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.

Business

China's Silicon Delta will lead digital revolution, says HSBC

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.

Banking

Yeow joins Alkhair International Islamic Bank as CEO

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.

Business

Trump seen replacing Yellen at Fed with NEC's Cohn

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.