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TOKYO: Japan’s banking titans are hiring Spanish-speaking bankers to win new business in Latin America and handing out loans to junk-grade borrowers in the United States as they probe deeper overseas to fight meagre returns at home.
HONG KONG: Bank of America Corp will seek more lending and cash management business with companies in Asia and elsewhere outside its US home turf, according to chief executive Brian Moynihan, an area ripe for expansion where it lags its big rivals.
GE survey: 88% of M'sian execs value innovation and believe SMEs can be as innovative as large companies
KUALA LUMPUR: Malaysian business executives of companies averaging 1,200 employees cite innovation as both a driver and challenge for growth, and are more supportive of innovation compared with the global average, findings show in the 2013 General Electric (GE) Global Innovation Barometer.
THE adage “when the going gets tough, the tough gets going” may seem a little cliché for many.
WASHINGTON: The Justice Department and the state of California sued e-commerce company eBay Inc on Friday over what they called an illegal agreement with Intuit Inc not to recruit Intuit's employees.
IN the early years of independence, there were only a few professional advertising agencies operating in Kuala Lumpur. Among them were Cathay (later Ted Bates), Grant (later Bozell), Masters, Millington, Benson, Young, Fortune, MarkLin, Clover (Kenneth Ang) Concorde and Progress. Of course, the one local hero is Union 45.
MALACCA: As Malaysia transforms its economy and moves up the value chain, finding good workers becomes a challenge, even more so in the semiconductor industries where there is competition to seek and retain highly skilled workers.
Three years into Barclays' costly global expansion from fixed-income shop to full investment bank, the Asia leg of the build-out is struggling to gain ground on its rivals.
With the large mergers and acquisitions (M&As) occurring in the brokerage industry of late, it appears that the days of standalone brokerages could be numbered.
THERE is no question that the economic storm clouds that have cast a pall over Europe are producing fallout across Asia.