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Business

KLCI slumps in volatile trade while MyEG, Datasonic in focus

KUALA LUMPUR: Blue chips closed off Friday's intra-day low in volatile trade, following the wide swings in the China markets, while smaller-capitalised stocks MyEG and Datasonic were in focus.

Business

Datasonic says no payment made to Ahmad Zahid

KUALA LUMPUR: Datasonic Group Bhd has refuted a news report alleging that it had issued payment to Datuk Seri Ahmad Zahid Hamidi over the supply of 12.5 million chips for the Malaysian passport.

Markets

MyEG, Datasonic face furious selldown; telcos lead KLCI lower

KUALA LUMPUR: MyEG Services Bhd and Datasonic Group Bhd saw a steep selloff in late-morning trade on news that the companies had been implicated in graft charges against former deputy prime minister Datuk Seri Ahmad Zahid Hamidi.

Business

A decade after Lehman, investors hunt for clues to next crisis

WASHINGTON: “It’s something that happens every five to seven years” is how JPMorgan Chase & Co CEO Jamie Dimon once defined a financial crisis to his daughter. Queen Elizabeth II asked “why did nobody notice” the seeds of the last one.

Business

UBS accused of Bond movie tactics in tax-dodging trial

PARIS: UBS Group AG goes on trial here today accused of encouraging rich clients to stash cash overseas to evade French taxes by deploying tactics “worthy of James Bond.”

Business

UK banks face renewed French push to stiffen MiFID access rule

BRUSSELS: France doubled down on a proposal that would make it harder for UK banks to do business in the European Union after Brexit.

Business

Datasonic seeks settlement over passport booklets deal

KUALA LUMPUR: Datasonic Group Bhd is seeking an amicable settlement with Percetakan Keselamatan Nasional Sdn Bhd (PKN) over the supply of 13.41 million Malaysian passport booklets in 2016.

Business

Datasonic: We have good defence against RM25mil claim

KUALA LUMPUR: Datasonic Group Bhd believes it has a good defence against Fima Corp Bhd’s legal action to claim RM24.98mil from the company.

Business

Datasonic to battle RM24.98m legal suit

KUALA LUMPUR: Datasonic Group Bhd believes it has a good defence against Fima Corp Bhd's legal action to claim RM24.98mil from the company.

Corporate News

Fima sues Datasonic Tech for RM24.97m

KUALA LUMPUR: Fima Corp Bhd's main manufacturing arm has commenced High Court action against Datasonic Technologies Sdn Bhd for a sum of RM24.975mil.