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MUMBAI: India’s federal police said on Tuesday they had arrested an executive and searched the homes and offices of former and current officials of the country’s capital markets regulator in an investigation into the granting of a stock exchange licence.
HONG KONG: A battle for control of China’s largest home builder heated up after the country’s No. 2 player raised its stake in China Vanke to nearly 7%, sending Vanke stock higher with investors and analysts betting more share raids are in store.
BRUSSELS: The EU slapped its biggest ever fine of nearly three billion euros (RM13.3bil) on Europe’s top truckmakers Tuesday, accusing them of colluding to fix prices and dodge the costs of stricter pollution rules.
KUALA LUMPUR: Shares in MyEG Services Bhd’s (MyEG), which has fallen 7% over the past three trading days, has provided investors with an opportunity to accumulate, according to CIMB Research.
KUALA LUMPUR: Malaysia Steel Association (MSA) has criticised the way the authorities had carried out the recent industry-wide raid on steel product importers.
KUALA LUMPUR: CIMB Equities Research raised its dividend discount model based target price slightly to RM55.50 as it rolled over its valuation year and introduced the earnings per share (EPS) for FY18.
BRUSSELS: Leading shipping container groups Maersk, MSC and 13 other firms have offered to change their pricing practices to settle an EU antitrust probe and stave off any fines, three people familiar with the matter said on Wednesday.