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WASHINGTON: U.S. Treasury Secretary Janet Yellen on Wednesday warned Congress that the United States risks a debt default and a new financial crisis as soon as the August recess if lawmakers fail to act quickly to suspend or raise the federal borrowing limit.
NEW YORK: William Ackman, whose blank check acquisition company struck a deal to buy 10% of Universal Music Group (UMG) last week, is exploring options to increase his stake in the music label and already pushing ahead with his next deal, he told investors on Wednesday.
Group’s healthcare arm eyes listing on Bursa Malaysia
NEW YORK: Microsoft Corp took its place in the history books as just the second United States public company to reach a US$2 trillion (RM8.33 trillion) market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.
Bank Negara governor says innovative solutions vital
KUALA LUMPUR: Serba Dinamik Holdings Bhd said its board of directors was scheduled to meet on Friday to decide on the scope of work to be undertaken by the yet to be appointed independent reviewer.
KUALA LUMPUR: Singapore’s sovereign wealth fund GIC (Ventures) Pte Ltd is investing RM750mil for a 16% stake in Sunway Group’s healthcare business which will enable the latter to accelerate the expansion of its medical facilities including building new hospitals.
KUALA LUMPUR: Financial institutions (FIs) need to think creatively to develop new and innovative solutions to fund sustainability projects; taking into account the current challenges faced by businesses and individuals, said Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus.