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Business 25 Dec 2020 | 7:00 AM

Currency devaluation may not be enough to salvage sinking economy

BAGHDAD: Iraq’s currency devaluation will add inflation to the list of hardships facing a population recovering from a devastating war with Islamic State.

Business 15 Dec 2020 | 7:00 AM

Hin Leong’s Lim family and BP sued for US$313mil by Bank of China

SINGAPORE: Bank of China has sued BP in Singapore, and Hin Leong Trading founder Lim Oon Kuin and his two children, for a total of US$312.9mil (S$417.6mil) in the latest effort by a creditor to recover losses after one of the biggest trading scandals in decades.