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SYDNEY: Qantas Airways Ltd. is slashing flights in Asia and freezing recruitment in response to falling demand as the Covid-19 coronavirus scares travelers across the region.
COPENHAGEN: The most senior managers working at Sweden’s biggest mortgage bank won’t be getting bonuses to reflect last year’s bumper profits.
HONG KONG: HSBC ousted chief executive officer John Flint after just 18 months in that role, in a surprise move that the lender’s chairman said was necessary to accelerate progress of its strategic priorities.
JAKARTA:Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world's top palm oil producer, announced measures to increase shipments.
KUALA LUMPUR: Moody's Investor's Service views the higher axes, fees and levies on the gaming industry as credit negative for the gaming industry.
PETALING JAYA: Packaging firm Versatile Creative Bhd has sacked managing director (MD) Datuk Wong Kong Choong @ Leong Kong Choong and chief financial officer (CFO) Tan Quok Eow over a missing sum of RM2.3mil.
FRANKFURT: Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.
LONDON: British state-owned Royal Bank of Scotland (RBS) said on Friday it will close 259 branches and cut 680 jobs as it reduces costs and encourages customers to use online and mobile services.
SYDNEY: Telstra Corp, Australia's largest telecoms operator, dropped a plan to raise as much as A$5.5 billion ($4.4 billion) through an income securitisation deal after a government-backed business partner rejected the move, sending its shares tumbling.