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Business

Draghi sounds concern over Fed’s independence

Frankfurt: European Central Bank (ECB) President Mario Draghi (pic) took the rare step of weighing in on the hot debate over whether President Donald Trump is undermining the independence of the Federal Reserve.

Business

Genting, Genting Malaysia shares down in early trade

KUALA LUMPUR: Genting Bhd and Genting Malaysia Bhd shares fell in active trading on Thursday following their latest corporate news.

Business

Genting Malaysia confirms Equanimity purchase for RM514.6mil

KUALA LUMPUR: Genting Malaysia Bhd has confirmed its purchase of the Equanimity superyacht for US$126mil (RM514.6mil) under a Judicial Sale process, by way of private direct sale.

Business

Brexit set for delay after May wounded by rejection of 'no-deal

LONDON: The British parliament on Wednesday rejected leaving the European Union without a deal, further weakening Prime Minister Theresa May and paving the way for a vote that could delay Brexit until at least the end of June

Business

Court overturns award to Hindustan Petroleum from Malaysia's M3nergy

NEW DELHI: An Indian high court has set aside an arbitration award of more than 8 billion rupees ($113.19 million) owed to India's Hindustan Petroleum Corp Ltd by Malaysia’s M3nergy, according to a court document reviewed by Reuters.

Business

Australia banks hit with tougher rules after scandals

SYDNEY: Australia’s financial industry faces tougher regulation and more scrutiny of pay and culture after the government accepted key recommendations from a yearlong inquiry into decades of scandals and misconduct.

Business

Highlights of Australia's bank inquiry

SYDNEY: The inquiry into misconduct in Australia’s finance industry released its final report in Canberra on Monday.

Business

Swift to help Bangladesh Bank rebuild network after cyber heist

NEW DELHI: International payments network Swift said it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal US$81mil in 2016 in the world’s biggest cyber heist.

Business Premium

Getting to grips with the labour shortage problem

BELOW are excerpts from the exclusive interview with Primary Industries Minister Teresa Kok:

Business

UK can avoid US$1.5bil tax bill on no-deal Brexit

Time running out for EU to recoup the money from UK-based firms