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Given the popular belief that short sellers create unjustified losses in some stocks, why would shareholders want to supply the ammunition for attacks against their investments?
PETALING JAYA: The Finance Ministry (MoF) is negotiating a settlement with audit firm KPMG in relation to the 1Malaysia Development Bhd (1MDB), according to sources.
LAS VEGAS: Las Vegas Sands Corp, the world’s largest casino operator by market value, agreed to sell its properties in Las Vegas to Apollo Global Management Inc and Vici Properties Inc for US$6.25bil (RM25.6bil), refocusing the company on its successful Asian resorts and other potential opportunities in the US
SINGAPORE: Singapore's central bank has told financial firms to be vigilant to any suspicious transactions or fund flows between the city-state and Myanmar, a circular seen by Reuters showed, citing concerns over the potential for financial crimes.
BANGKOK (Reuters) - Thai Airways International Pcl said on Tuesday it is cutting its workforce by half and reducing its fleet size to become a more agile and efficient airline, as the troubled flag carrier submitted its turnaround plan, officials said.
TOKYO: When Japan’s Honda Motor Co Ltd stopped using Sumitomo Mitsui Trust Bank Ltd as its stock transfer agent last year, the lender slapped it with a roughly US$4mil termination fee, according to two people familiar with the matter.
KUALA LUMPUR: Augustus Ralph Marshall, the former boss at Maxis and Astro, has been appointed as Digital Nasional Bhd (DNB) chief executive officer, confirming StarBiz online earlier report today.
KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has resolved the dispute with ICEE International Sdn Bhd over the Pullman project in Kuching and two other projects in Thailand.
BEIJING: China has joined a multilateral central bank digital currency project in Asia for real-time cross-border transactions like cross-border fund transfers, international trade settlements and capital market transactions, amid renewed global efforts to promote the use of digitalised legal tenders.