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Corporate News 05 Feb 2019 | 8:05 AM

Australian bank shares surge most in decade as investors cheer inquiry outcome

SYDNEY: Australian bank shares surged the most in a decade on Tuesday after a long-awaited report on finance-sector misconduct recommended dozens of rule changes but spared the "Big Four" lenders any serious threat to their market dominance.

Corporate News 16 Jan 2019 | 7:20 AM

Quick Take: Brake on car sales

KUALA LUMPUR: Automobile sales are expected to see flat growth this year due to moderate economic growth, tighter lending rules, less disposable income and a weak ringgit.

Corporate News 29 Jun 2018 | 12:00 AM

High time to relax lending rules, says MD

KUALA LUMPUR: Mah Sing Group Bhd said it is time that lending guidelines for first-time house buyers are relaxed, as market sentiment and demand for affordable housing are improving.

Banking 24 Jun 2018 | 7:16 AM

Against the grain: Australian banks face rural lending reckoning

SYDNEY: Australian potato farmer Tom Fox says he had never missed a bank payment in two decades before a delay sending a shipment to Indonesia during a trade dispute between the countries prompted his lender to force him into receivership in 2013.

TECH 22 Jan 2018 | 8:30 AM

US sanctions curb Microsoft sales to hundreds of Russian firms

Two of Microsoft's official distributors in Russia have imposed restrictions on sales of Microsoft software to more than 200 Russian companies following new US sanctions, according to notifications circulated by the distributors.

Business 29 Feb 2016 | 12:00 AM

CIMB’s revamp begins to pay off

PETALING JAYA: CIMB Group Holdings Bhd may have turned the corner if some of its recent ratio indicators are anything to go by.

Banking 22 Jan 2016 | 12:00 AM

BSN explains tighter lending rules

PETALING JAYA: Bank Simpanan Nasional (BSN) said tigher lending rules imposed on customers working in the oil and gas sector seeking for new loans and credit products was part of the bank’s on-going risk management measure.

Business 01 Dec 2015 | 4:39 AM

Australia's central bank holds rates as exports lift economy

SYDNEY: Australia's central bank kept interest rates steady for a seventh month on Tuesday as data showed exports provided a huge lift to the economy last quarter and helped fill a gaping hole left by business investment.

Business 10 Oct 2015 | 12:00 AM

Affin: Rights issue inevitable for Sime

KUALA LUMPUR: An equity issue may be inevitable for Sime Darby if it wants to reduce its gross gearing from 58% now to an “ideal level” of 40%, said Affin Hwang Capital Research.

Business 09 Oct 2015 | 2:43 PM

Sime Darby may have to undertake rights issue to reduce debt level

KUALA LUMPUR: An equity issue may be inevitable for Sime Darby if it wants to reduce its gross gearing from 58% now to an “ideal level” of 40%, said Affin Hwang Capital Research.