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Money laundering Money is the main cause for people to engage in almost any type of criminal activity. Money-laundering is the process of concealing the source of illicit funds or “dirty money.’’
THE latest developments in the unfolding trade war saga suggest that trade tensions between the United States and China will be more protracted than previously expected, says Schroders chief economist and strategist Keith Wade.
Think Asian by Andrew Sheng THERE has been so much bad news lately that the only good news, if you believe it, lies in the stock market. Simply put, despite all the trade war and political bad news, the US stock markets hover around historical highs. And Asian stock markets are still guided by sentiment in Wall Street.
NEW YORK: The US beer industry is blaming a jobs hangover on the Trump administration’s tariffs.
OSLO: In one of Tesla Inc’s biggest markets, it’s been stung by its own success.
SHAH ALAM: UMW Holdings Bhd has set aside RM607mil for capital expenditure (capex) this year, which will see upgrading work at its car assembly plant in Shah Alam and the purchase of new heavy machinery to expand its leasing business.
SAN FRANCISCO: As US-China trade-war rhetoric escalates without any plan for a resumption of negotiations, currency strategists are mapping out foreign-exchange implications.
SYDNEY: Australia’s prudential regulator said it plans to relax some of the norms banks use to determine how much they can lend to customers, sending stocks in the sector higher on expectations the move would boost borrowing.
PETALING JAYA: UMW Holdings Bhd’s net profit for its first quarter ended March 31 rose 17% to RM86.50mil from RM74.08mil in the previous corresponding period, driven by the better performance of its automotive and manufacturing and engineering (M&E) segments.