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NEW YORK: Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say insurance for the loss of 295 lives and other liability will likely be complex and lengthy.
KUALA LUMPUR: Key Asian markets including Malaysia's skidded on Friday as investors avoided equities following worries about rising geopolitical risks, triggered by the tragedy over the Malaysia Airlines flight MH17.
LONDON: World markets remained under pressure on Friday after the downing of a Malaysia Airlines jet at the Ukraine-Russia border, new sanctions on Moscow and unrest in Gaza had sent investors scurrying into defensive assets.
PETALING JAYA: Shares in key aviation and airport stocks such as Malaysia Airlines Bhd (MAS) and Malaysia Airports Holdings Bhd (MAHB) took a beating as Bursa Malaysia and many markets worldwide reacted negatively to the crash of flight MH17.
KOTA BARU: It’s still too early to assess the impact of the country’s investments in Ukraine and Russia following the tragic crash of Malaysia Airlines’ MH17’s plane in Donetsk, eastern Ukraine.
MONTREAL: The United Nations' civil aviation body said on Tuesday it would quickly form a task force on airline safety, noting that while this was complex and politically sensitive, urgent action had to be taken after the recent downing of a Malaysian airliner over Ukraine.