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Business

Whiff of extinction blows in long-running bull market

NEW YORK: It’s been derided as a house of cards, a gift to the 1%, an experiment in monetary policy taken way too far.

Business Premium

Goldman Sachs ignored 1MDB warning signs in pursuit of Asian business

Firm blames rogue bankers for dealings with scandal-plagued Malaysian investment fund, but engaged in lax oversight of partners

Business

Most big companies failing UN human rights test, ranking shows

LONDON: Most big companies operating in sectors at high risk of labour abuses are failing to meet human rights standards set by the United Nations, according to an analysis of 100 major companies published on Monday.

Business

Microsoft co-founder Paul Allen dies of cancer complications at 65

Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world's biggest software company, died on Monday at the age of 65, his family said.

Business

BToto Q1 net profit up on higher revenue

Company declares dividend of four sen per share

Corporate News

CBS CEO accused of sexual misconduct by more women resigns (Update)

NEW YORK: CBS Corp CEO Leslie Moonves resigned from the company, the company said on Sunday, amid fresh allegations of sexual assault and harassment.

Business Premium

Why luxury brands burn their own goods

British fashion label Burberry says it is kicking the habit

Corporate News

Billionaire Warren Buffett says Berkshire buying own stock, more Apple

NEW YORK: Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, on Thursday said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in Apple Inc

Business

HNA chairman’s family tightens grip on company

HONG KONG: HNA Group Co chairman Chen Feng promoted two family members as key lieutenants this month, tightening his family’s control over the embattled Chinese conglomerate after the sudden death of a top executive.

Business

Etiqa Takaful to expand into more Asean countries

KUALA LUMPUR: Etiqa Takaful Bhd will enhance its takaful and general insurance brand by expanding into more Asean markets next year.