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SHANGHAI: A Chinese court meted out a nearly 700 million yuan ($102.4 million) punishment to a Russian-controlled high-frequency trading firm for futures market manipulation on Friday, drawing a line under one of the most high-profile cases of misconduct Beijing blames for contributing to the 2015 stock market crash.
LONDON: Global mining giant Anglo American announced Tuesday a “radical” restructuring of the company, writing off billions of dollars in the process, as commodity prices crash on world markets.
SINGAPORE: Singapore's police force and central bank are looking into suspected trading irregularities in three companies at the centre of last year's penny-stock crash that led to a sharp fall in trading volume in the city-state's equity market.
SINGAPORE: Singapore Exchange’s (SGX) regulatory unit is proposing imposing price limits for daily stock auctions to prevent incidents such as the US$41bil flash crash in January that briefly roiled shares in conglomerate Jardine Matheson.
JAKARTA: Boeing, acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of cockpit software on its 737 MAX airliner, sowing the seeds for a Lion Air crash that also involved errors by airline workers and crew, Indonesian investigators found.
U.S. regulators fined Asiana Airlines Inc US$500,000 on Tuesday for failing to assist the families of passengers on a flight that crashed in San Francisco in July in which three people were killed and more than 180 injured.
KUALA LUMPUR: Honda has confirmed that the Takata single stage (SDI) driver’s airbag inflator ruptured in a crash on Jan 1, 2018 in Malaysia.