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WASHINGTON: Chinese units of the global “Big Four” accounting firms should be suspended from practising in the United States for six months, a US judge ruled, in an escalation in a long-running dispute over regulators’ access to audit documents.
PETALING JAYA: Malaysia’s palm-based biodiesel exports to the United States will not be “significantly” affected by the latter’s Environmental Protection Agency proposed 2014 Renewable Fuels Standard 2, which is aimed at reducing the annual volume of renewable fuel in the country, say industry observers.
HONG KONG: JPMorgan Chase & Co has stopped working on a Chinese firm’s initial public offering (IPO) amid an investigation by US authorities into its hiring practises in China, people with direct knowledge of the matter told Reuters.
PETALING JAYA: Despite some early signs of recovery following the cutting of steel capacity in China and declining key steelmaking input prices, it is still too early for a positive earnings outlook for the building materials sector, says Hong Leong Investment Bank.
PETALING JAYA: There was little cheer for automotive stocks on Bursa Malaysia with many key policies of the National Automotive Policy 2014 (NAP) already known to market players.
WASHINGTON: U.S. retail sales edged up in December with a core spending gauge posting a big jump, a sign the economy gathered steam at the end of last year and was poised for stronger growth in 2014.
If you’re the owner of a small business, knowing where to put your money is vital.
LAS VEGAS: Two Las Vegas casino hotels will become the first known US commercial gambling houses to allow the use of the unregulated digital payment system, bitcoin, casino officials said on Tuesday.
HONG KONG: Positive pressure on Emerging Asian sovereign ratings has ebbed as the region's vulnerabilities have moved increasingly into focus, Fitch Ratings said in a report published Thursday. Seven of nine Emerging Asian sovereigns are on a Stable Outlook. Two -Malaysia (A-) and Mongolia (B+) - are on Negative Outlook.