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Regulators criticise banks over Uber loan: sources

Federal regulators criticised several Wall Street banks over the handling of a US$1.15bil (RM5.14bil) loan they helped arrange for Uber Technologies Inc this past summer, according to people with knowledge of the matter.

New Icelandic centre-right coalition to give parliament vote on EU referendum

REYKJAVIK (Reuters) - Iceland's centre-right Independence, Reform and Bright Future parties agreed on Tuesday to form a coalition government after a two-month impasse and said they would ask parliament whether to hold a referendum on joining the European Union.

Europe’s company bond feast faces a spot of indigestion

THE start to 2017 has been a boisterous one for corporate issuance. All systems are go in the US, as my colleague Lisa Abramowicz has pointed out. Some 15 deals were announced in Europe alone on Monday, on top of the 40 or so issued in the first week of the month. It’s a feast of supply.

Trump’s Indonesia man to boost ties with theme park

JAKARTA: Indonesian tycoon Hary Tanoesoedibjo says he’s fending off potential rivals to his pact with the Trump Organization by building new projects such as a motorbike-racing track and Disneyland-like theme park to cement the alliance.

Ringgit seen rebounding from 19-year low

KUALA LUMPUR: Malaysia’s ringgit is set to rebound from a 19-year low as official measures to boost demand for the currency kick in, according to a top banker and member of the central bank’s financial markets committee.

Bionic woman: Chinese robot turns on the charm

"Jia Jia" can hold a simple conversation and make specific facial expressions when asked, and her creator believes the eerily life-like robot heralds a future of cyborg labour in China.

Blockchain, cognitive computing and cloud to shape future of finance

Blockchain, cognitive computing and cloud are some of the technologies that will shape the finance industry the most in the digital age, banking and technology chief executives told a financial conference.

Stanchart expects BNM to cut OPR by 25 basis points in May

KUALA LUMPUR: Standard Chartered Bank (Stanchart) expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points to 2.75%, from the current 3%, in May this year.

Maybank IB named Malaysia’s Best Brokerage House in Asiamoney poll

PETALING JAYA: Maybank Investment Bank Bhd has been named for the second consecutive year Malaysia’s Best Brokerage House by fund managers across the world in Asiamoney’s Brokers Poll 2016.

China vows to contain corporate debt levels as inflation heats up

BEIJING: China vowed on Tuesday to contain high company debt levels and further cut excess coal and steel capacity, as Beijing attempts to maintain solid and more balanced economic growth while avoiding destabilising asset bubbles.