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Is forcing low-cost long-haul carrier to liquidate the right thing to do?
KUALA LUMPUR/WASHINGTON: Goldman Sachs Group Inc on Thursday reached a deal to settle a probe into the bank's role in Malaysia's 1MDB corruption scandal, which included total penalties of US$2.9 billion.
LONDON: British regulators fined Goldman Sachs International 96.6 million pounds ($126 million) on Thursday as part of global action that will see the U.S. bank pay nearly $3 billion to settle a probe into its role in Malaysia's 1MDB corruption scandal.
HONG KONG: They’re both pillars of their economies, highly regarded by customers and totally reliant on international travel. They’re also in deep financial strife and shedding thousands of jobs because of the virus crisis.
KUALA LUMPUR: Affin Bank Bhd has launched the BizDana-i Financing Scheme, a financing scheme worth RM15mil, specifically for start-up businesses, that is guaranteed by Credit Guarantee Corp Malaysia Bhd.
SHANGHAI: The Chinese yuan retreated from a 27-month high on Thursday as a weaker-than-expected official fixing and the approval of fresh outbound investment quotas suggested authorities have become increasingly wary over the recent rapid gains in the currency.
WASHINGTON: A former fundraiser for U.S. President Donald Trump pleaded guilty on Tuesday to a charge that he illegally lobbied Trump to drop an investigation into a Malaysian embezzlement scandal.
LOS ANGELES: Officials in California, home to Walt Disney Co's Disneyland, on Tuesday pushed the reopening of large theme parks months down the road, drawing outrage from the industry, which predicted the loss of thousands more jobs.