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Business 13 Oct 2017 | 7:59 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 13 Oct 2017 | 7:08 AM

Samsung Elec CEO Kwon announces shock resignation as profits surge

SEOUL: Samsung Electronics Co Ltd said on Friday its CEO and vice-chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery.

Banking 01 Sep 2017 | 12:00 AM

Merkel says euro’s rise set to impact Germany’s trade surplus

BERLIN: Chancellor Angela Merkel said the rising euro is almost certain to have an impact on exports and that she’s not too concerned about Germany’s trade surplus with other countries.

Business 25 Aug 2017 | 8:12 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 25 Aug 2017 | 7:20 AM

Samsung leader Jay Y. Lee given 5-year jail sentence for bribery

SEOUL: The billionaire head of South Korea’s Samsung Group, Jay Y. Lee, was jailed for five years for bribery on Friday after a six-month trial over a scandal that brought down the president.

Corporate News 23 Aug 2017 | 11:10 PM

Ahead of Lee verdict, Samsung Group lacks leadership 'Plan B'

SEOUL: Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said

Banking 23 Aug 2017 | 5:34 AM

BNM raids five premises for suspected money laundering

KUALA LUMPUR: Bank Negara Malaysia (BNM) swooped on five premises in three states on Aug 17 for suspected money laundering while relevant documents, cash and foreign currencies were seized.

Property 21 Aug 2017 | 7:34 AM

Hong Kong property investors go trophy hunting in London despite Brexit

LONDON: Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channelled through Hong Kong at a time of heightened political uncertainty in the former British colony.

Auto 20 Aug 2017 | 10:55 PM

Hyundai Motor Group faces government calls to address 'big governance risk'

SEOUL: South Korea's new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family at the expense of shareholders.

Business 14 Aug 2017 | 12:00 AM

Sydney case shows how money launderers used Commonwealth Bank

SYDNEY: In a run-down mall in one of Sydney’s biggest Chinese neighbourhoods in 2015, 29-year-old Jizhang Lu showed up at the top-floor offices of a meat export company carrying a carrier bag stuffed with hundreds of thousands of dollars in cash.