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Airbus trims A350 output amid larger-than-expected Q2 loss
PARIS: Europe’s Airbus announced a new cut in production of its marquee A350 jet as it swung to a larger-than-expected second-quarter loss in the face of global pandemic.
Sime Plantation rebuts fresh allegations by Liberty Shared
KUALA LUMPUR: Sime Darby Plantation (SDP) has rebutted fresh allegations by Liberty Shared (LS) over the risks of bribery, as well as wage theft and money laundering when its workers hold their account at the same bank as the company.
Sime Darby Plantation rebuts allegations
KUALA LUMPUR: Sime Darby Plantation (SDP) has rebutted fresh allegations by Liberty Shared (LS) over the risks of bribery, as well as wage theft and money laundering when its workers hold their account at the same bank as the company.
Trial of former JPMorgan banker begins in Hong Kong with plea of not guilty
HONG KONG: JPMorgan did not carry out key checks when employing the son of a potential client, a prosecutor told a Hong Kong court on Monday, the first day of a bribery trial of the bank's former Asia investment banking vice-chairwoman, Catherine Leung.
Sapura Energy refutes news of bribery relating to Petrobras contracts
KUALA LUMPUR: Sapura Energy Bhd has refuted recent news of any involvement in any form of bribery or corruption in its business dealings in Brazil and anywhere else in the world.
Hygo trading halted as CEO named in Brazil corruption probe
RIO DE JANEIRO/LONDON: Debut trading in Hygo Energy Transition Ltd was suspended on Thursday hours after the liquefied natural gas transport and infrastructure operator's chief executive was named in a corruption investigation in Brazil.
Sapura Energy says persons in Brazil corruption probe not its employees
KUALA LUMPUR (Bernama) -- Sapura Energy Bhd today clarified that two accused persons who were issued a search and seizure warrant by the 13th Federal Court of Curitiba, Brazil, relating to a Car Wash corruption probe are neither employees or directors of the company.
Politics and pandemic – a test for the economy
THE acronym PEP often refers to Politically Exposed Person and those in the financial market or those in compliance or risk management would know that when dealing with a PEP, extra precautions are needed before entering into any form of transactions or dealings. A PEP has a higher risk factor when it comes to corruption or bribery. However, this week’s column is not about PEP in that sense, but in a different form.
Goldman poised to pay more than US$2b in DOJ’s 1MDB probe
GOLDMAN Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s role in Malaysia’s 1MDB scandal, and the deal may be announced within days, according to people familiar with the matter.