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Business

Malakoff power plant unaffected despite fire at conveyor belt

KUALA LUMPUR: Malakoff Corporation Bhd's Tanjung Bin energy power plant was unaffected despite a fire had occurred on Monday morning which involved the conveyor belt carrying coal.

Business

Deal to save Rusal leaves billionaire Deripaska out in the cold

MOSCOW: A deal that convinced the United States to lift sanctions on companies linked to Oleg Deripaska may have helped restore order to the global aluminum market, but it’s left the Russian billionaire himself increasingly isolated.

SMEBiz

The case of tainted milk in a Maine farm

FOR Maine dairy farmer Fred Stone, the discovery in 2016 that his cows were producing tainted milk has since brought financial ruin and threatened to shut down a century-old family business.

Corporate News

Nike stumbles into social media storm after basketball star's shoe splits, shares fall

NEW YORK: A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction.

Business

Bankers are sick of choosing sides between Qatar and Saudi Arabia

DUBAI: When Saudi Arabia cut ties with Qatar in mid-2017, many international bankers chose to chase a potential fee windfall in Riyadh over doing deals with its rich but isolated neighbour.

Business

Fed's Powell: Bank consolidation weighing on rural communities

Powell does not think there is a large risk of recession right now

Business

Qatar beats its Gulf peers in 2018’s asset scorecards

DUBAI: It’s been a year-and-a-half since Saudi Arabia and other Arab nations cut ties with Qatar in a dramatic breakup.

Business

Recent market 'jolt' will be first of many as easy money era ends

LONDON: Recent sharp selloffs across global financial markets are probably the first of many, as investors adjust to a world of tighter monetary conditions and the threat of economic downturn, the Bank of International Settlements said on Sunday.

Business

China’s year of adversity costs equity investors US$2 Trillion

HONG KONG: A deluge of misfortunes has left China’s equity investors with their biggest losses in years, wherever you look.

Business

China's year of adversity costs equity investors US$2 trillion

HONG KONG: A deluge of misfortunes has left China’s equity investors with their biggest losses in years, wherever you look.