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Corporate News 17 Jul 2018 | 4:30 AM

Tesla shares fall after CEO Musk abuses British caver

BENGALURU: Shares of Tesla Inc fell over 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cavers involved in the rescue of 12 Thai children last week.

Business 11 Jul 2018 | 12:00 AM

Reports: Steinhoff bought forests at inflated prices

Global retailer awaiting outcome of PwC probe into deal

Business 29 Jun 2018 | 12:00 AM

The Goldman lunch that set the scene for 1MDB probe

IN a private dining room at Singapore’s Taste Paradise restaurant, over a meal of abalone and suckling pig, two Goldman Sachs Group Inc bankers were explaining a US$1.75bil bond offering to six executives of a Swiss bank.

Corporate News 12 Jun 2018 | 7:05 AM

EPF registers 80.58% increase in i-akaun service usage in Q1

KUALA LUMPUR: The Employees Provident Fund (EPF) posted an 80.58% increase in the number of usage of its electronic service i-Akaun to 11.12 million in its first quarter (Q1 2018) from 6.16 million in the corresponding period last year.

Corporate News 19 May 2018 | 3:14 AM

US gun lobby takes aim at 'gun-hating' banks Citi, BofA

WASHINGTON: The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.

Commodities 26 Apr 2018 | 12:31 AM Premium

Chinese tariffs’ perfect target: American ginseng

A U.S.-China trade war threatens Wisconsin growers of a product that is popular in China but infrequently consumed in the U.S.

Property 18 Apr 2018 | 12:00 AM

Vingroup to target US$2bil in luxury home spin-off

SINGAPORE: Vingroup JSC, Vietnam’s biggest developer, is targeting an initial equity offering of as much as US$2bil for its luxury residential arm, people with knowledge of the matter said.

Business 29 Mar 2018 | 12:00 AM

China’s biggest courier firm may soon deliver parcels by drone

SHANGHAI: Chinese courier company SF Holding Co says it’s won a licence to operate drones, opening up a new potential frontier for package delivery in the world’s second-largest economy.

Corporate News 27 Mar 2018 | 12:00 AM

TPG nears deal for US$1.2bil Indian hospital chain

MUMBAI: A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd, India’s second largest private hospital chain by market value, people with knowledge of the matter said.

Business 10 Mar 2018 | 12:00 AM

Using Whatsapp to break the law?

Governance matters - By Shireen Muhiudeen REGULATORS are having to change their way of looking at breaches as the world of the net has changed how information is transmitted. You also wonder if the creators of these new tech systems ever envisaged that their work would be part of criminal activity.