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Insurance 13 Aug 2020 | 7:00 AM

US insurers’ coronavirus costs are less than feared so far

NEW YORK: The coronavirus pandemic dealt a relatively modest US$2.5bil blow to five insurers with large US operations in the second quarter – a cost that was far less than feared and which the industry has absorbed without touching capital, according to analysts.

Business 14 May 2019 | 12:16 AM

California jury hits Bayer with US$2bil award in Roundup cancer trial

A California jury on Monday awarded more than US$2 billion to a couple who claimed Bayer AG's glyphosate-based Roundup weed killer caused their cancer, in the largest U.S. jury verdict to date against the company in litigation over the chemical.

Corporate News 06 Mar 2019 | 12:00 AM

MyCC cracks down on bid-rigging practices

KUALA LUMPUR: Malaysia’s previous public procurement deals worth multi-million ringgit have come under scrutiny, as the Malaysia Competition Commission (MyCC) intensifies its investigation into potential bid-rigging practices involving a few hundred companies in several government tenders.