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Business

Asian shares edge lower in early trade Mon as Wall St hit by Fed nerves

TOKYO: Asian shares began the week on the back foot on Monday after a downbeat session on Wall Street, while the euro skidded to a fresh 12-year low on divergent monetary policy paths between the United States and the euro zone.

Business

Oil down 2pct as US crude hits 6 year low

NEW YORK: Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market.

Banking

Citigroup posts highest quarterly profit in 8 years as costs plunge

NEW YORK: Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank’s efforts to streamline its business are beginning to pay off. - Reuters

Tennis

FIFA leads the field on pay

LONDON (Reuters) - Football's international administrators, like players on the field, are collecting salaries that outstrip most of their peers in other sports, and no less so than at FIFA, annual accounts from governing bodies show.

TECH

Intel gobbles up Altera for US$16.7bil in its biggest deal ever

Intel Corp agreed to buy Altera Corp for US$16.7bil (RM71.7bil) as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centres.

Nation

1MDB answers its critics

PETALING JAYA: 1Malaysia Develop­­ment Bhd has defended itself against criticism by former prime minister Tun Dr Mahathir Mohamad by addressing various issues, from the Cabinet being unaware of a fund-raising exercise for its start-up in 2009 to events leading to its investments in Cayman Islands increasing to US$2.318bil (RM8.57bil).

Business

Formidable task for Cryan as Deutsche chief

FRANKFURT: The appointment of John Cryan as chief executive of Deutsche Bank sent shares in Germany’s largest lender up 8% as investors judged the Briton a more credible contender than his two ousted predecessors to revive its fortunes.

TECH

Uber crackdown in France after violent taxi driver protests

France ordered a nationwide clampdown on UberPOP, siding with taxi drivers who blockaded major transport hubs in angry protests against the popular online ride-sharing service.

Business

Deutsche Bank new CEO seeks to steady nerves

Board signalled of no other immediate changes

World

Hong Kong issues 'red alert' against South Korea travel due to MERS

SEOUL/HONG KONG (Reuters) - Hong Kong issued a "red alert" advisory on Tuesday against non-essential travel to South Korea, where eight new cases of Middle East Respiratory Syndrome (MERS) were reported, bringing the total to 95 with seven fatalities.