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Corporate News 04 Oct 2018 | 12:00 AM

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.

Corporate News 03 Oct 2018 | 12:10 PM

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.

Business 17 Aug 2018 | 12:00 AM

Germany enters fray to calm Turkey turmoil

Their leaders arrange meeting of both countries’ finance ministers

Economy 06 Aug 2018 | 12:28 AM

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.

Corporate News 20 Jul 2018 | 12:00 AM

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.

Business 19 Jul 2018 | 12:00 AM

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.

Business 22 May 2018 | 12:00 AM

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.

Markets 21 May 2018 | 1:50 AM

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.

Business 17 May 2018 | 12:00 AM

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.

Corporate News 16 May 2018 | 4:26 AM

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.