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Ex-bank official jailed and fined for insider trading
PETALING JAYA: A former investment banker, Lim Bun Hwa, has been sentenced to six months jail and fined RM1mil after pleading guilty to five charges of insider trading in the shares of PacificMas Bhd.
Former investment banker jailed, fined for insider trading
KUALA LUMPUR: The Kuala Lumpur Sessions Court today convicted and sentenced a former investment banker for insider trading in the shares of PacificMas Bhd, the Securities Commission said.
Germany enters fray to calm Turkey turmoil
Their leaders arrange meeting of both countries’ finance ministers
Saudi Arabia freezes new trade with Canada for urging activists' release
CAIRO/OTTAWA: Saudi Arabia will suspend new trade and investment with Canada after that country's foreign ministry urged Riyadh to release arrested civil rights activists, it said in a statement released to the official Saudi Press Agency on Sunday.
Billionaire James Packer quits 22 boards, deepens corporate withdrawal
SYDNEY: Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate records show, signalling his almost full retreat from public business life.
After scandal and death, two alpine banks aim for crypto gold
WALK into Falcon Private Bank on the Pelikantrasse in central Zurich and you’re immediately struck by the giant photo of a woman crouched in the sprinter’s starting position, painted head-to-toe in gold.
How Canada’s Brookfield snatched bargain assets amid Brazil panic
SAO PAULO: Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity.
Foreign investors sell off RM2.48bil of Malaysia shares; heaviest selldown since August 2013
KUALA LUMPUR: Foreign funds reacted to the unprecedented outcome of Malaysia’s General Election (GE14) by dumping RM2.48bil of local equities last week.
Singapore ready to extend further help on 1MDB probe
SINGAPORE: Singapore authorities are fully prepared to extend further assistance to their Malaysian counterparts on 1MDB-related transactions, the Commercial Affairs Department and the Monetary Authority of Singapore (MAS) said in a statement.
Declassified Report on 1MDB shows funding anomalies
KUALA LUMPUR: A newly-declassified report on scandal-plagued Malaysia state fund 1MDB shows investigators expressed widespread concern about anomalies in its accounts, as Prime Minister Tun Dr Mahathir Mohamad accelerates efforts to reopen probes into the company and the actions of his predecessor.