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Corporate News 27 Dec 2016 | 12:00 AM

Behind Tata-Mistry clash, a distinct set of governance rules

NEW DELHI: When Ratan Tata retired as chairman of Tata Sons Ltd in 2012, he proposed a change in the laws governing the relationship between India’s largest conglomerate and its key shareholder, according to sources familiar with the situation.

Business 26 Dec 2016 | 7:22 AM

Russia sees oil products output down 2.5% in 2017

MOSCOW: Russia’s output of oil products is expected to fall by about 2.5% in 2017 due to further work on a massive refinery modernisation programme aimed at boosting fuel quality, a deputy energy minister said.

Corporate News 25 Dec 2016 | 11:18 PM

Israeli PM angered by anti-settlement UN vote, submitted by Malaysia and others

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu on Sunday summoned the U.S. ambassador to Israel to discuss the U.S. abstention in a U.N. Security Council resolution demanding an end to settlement-building.

Commodities 25 Dec 2016 | 11:03 PM

Chinese firms face competition to maintain role in developing Iranian oilfields

DUBAI: Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said.

Corporate News 25 Dec 2016 | 10:46 PM

Lockheed CEO tells Trump she will work to drive down cost of F-35

The chief executive of Lockheed Martin Corp told President-elect Donald Trump on Friday that she was committed to driving down the cost of the company's F-35 fighter jet, a day after Trump took aim at the cost of the F-35 in a Twitter post.

Business 25 Dec 2016 | 3:00 AM

Financial resolutions for 2017

2017 is almost upon us and many people will set financial goals for themselves in 2017.

Business 24 Dec 2016 | 12:00 AM

Landslide win for Maxis and IPG Mediabrands at Malaysia’s first YouTube Awards

AT the first Malaysian YouTube Ads Awards held recently, Maxis and IPG Mediabrands agencies Ensemble and Initiative had a landslide victory across a number of categories.

Business 24 Dec 2016 | 12:00 AM

Marketers tapping trends

Looking for opportunities in a challenging environment

Business 24 Dec 2016 | 12:00 AM

Nomura confident of chalking up strong growth in Malaysia

Kunio Watanabe is head of asset management, Nomura Holdings Inc. He is also director, president and CEO of Nomura Asset Management Co Ltd (NAM), a position held since April 2014.

Corporate News 24 Dec 2016 | 12:00 AM

Sachs: Prosperity in sustainability

Like it or not, the world has entered the age of sustainable development with the adoption of the Sustainable Development Goals (SDGs) of the United Nations (UN) on Sept 25, 2015 and the Paris UN Climate Agreement on December 12, 2015.