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Business

Toyoda says he’s ‘deeply sorry’

TOKYO: Toyota Motor Corp president Akio Toyoda apologised to US lawmakers probing the automaker's safety record and ended the day in tears, in what Japanese politicians hoped was a first step towards rebuilding trust in the country's most valuable company.

Business

Illegal deposit-taking probe on Dencomm

PETALING JAYA: Bank Negara has commenced investigations on Dencomm Sales Services Sdn Bhd for alleged illegal deposit taking and money laundering activities.

Business

Credit Suisse posts Q2 profit of US$1.5bil

GENEVA: Credit Suisse Group on Thursday reported a 1 percent rise in second-quarter net income as the bank performed well despite difficult business conditions taking a toll on its investment banking unit.

Business

Customs confident of achieving tax collection target

PUTRAJAYA: The Customs Department says scrapping of import duty for tourist and local collectors#8217; items will not derail the department#8217;s target of collecting RM28bil in tax this year.

Business

Challenges in making a case

IN 2005, the Australian courts sentenced one Rodney Alder to 4½ years in jail after he pleaded guilty to four criminal charges of making false statements about a purchase of shares in insurance company HIH and lying to obtain money from HIH for a company in which he had an interest.

Business

Job killing you? Stressed mob bosses seek help

REGGIO CALABRIA, Italy: The mafia boss was having a dreadful time dealing with loss. But he was not struggling with the loss of lives, or even the loss of his freedom.

Business

US raids 3 hedge funds linked to insider trading probe

WASHINGTON: The Federal Bureau of Investigation has raided three hedge funds in what one of the targets is calling a wide-ranging probe of insider trading in the financial industry.hr noshade size=-1 width=50%>

Business

Sales of illicit cigarettes down in June-August

KUALA LUMPUR: The level of illicit cigarettes sold in the country has declined to 36.7% for the June to August period this year, according to results of the Illicit Cigarettes Study, released by the Confederation of Malaysian Tobacco Manufacturers (CMTM) here yesterday.

Business

Rubber theft on the rise again

IT seems that the hijacking of rubber latex-filled tankers and the theft of SMR grade rubber are on the rise again.

Business

FBI raids US offices of Japanese auto parts maker

AUBURN HILLS, Michigan: The FBI has raided the suburban Detroit offices of the Japanese auto parts supplier Takata Corp.