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Sunsuria, China's CITIC JV eye construction jobs in Malaysia

Wed, 28 Jun 2017 19:02:24 +08:00

KUALA LUMPUR: The units of Sunsuria Bhd and China's CITIC Ltd have set up a joint-venture company to undertake undertake construction projects in Malaysia.


Media Files:
http://www.thestar.com.my/~/media/online/2017/02/01/00/11/corporatenews19jan2017.ashx?crop=1&w=0&h=0&




Hong Kong's second board plumbs record lows amid market jitters

Wed, 28 Jun 2017 18:27:50 +08:00

HONG KONG: Hong Kong's second board plumbed record lows on Wednesday, having lost more than 8 percent of its market value the previous day as investors raced to reduce exposure to plunging penny stocks.Hong Kong's second board has seen high levels of volatility due to very concentrated shareholdings, and concerns have grown over the quality of companies listed there.


Media Files:
http://www.thestar.com.my/~/media/online/2017/06/27/08/40/hong-kong-exchange-bull.ashx?crop=1&w=0&h=0&




Emerging market borrowing spree lifts global debt to record US$217 trillion

Wed, 28 Jun 2017 18:16:01 +08:00

LONDON: Global debt levels have surged to a record US$217 trillion, driven by a US$3 trillion borrowing spree in the developing world, the Institute of International Finance said, warning of risks to emerging markets from short-term debt repayments.


Media Files:
http://www.thestar.com.my/~/media/online/2017/04/17/04/34/corporatenews10-feb2017.ashx?crop=1&w=0&h=0&




Cyber attack hits BNP Paribas arm

Wed, 28 Jun 2017 17:57:35 +08:00

PARIS: A global cyber attack has hit the property arm of France’s biggest bank BNP Paribas, one of the largest financial institutions known to be affected by an extortion campaign that started in Russia and Ukraine before spreading.BNP Paribas has neared a deal with US prosecutors that would see the French bank pay US$8bil to US$9bil and accept other punitive measures for violating American sanctions against Iran, Sudan and Cuba between 2002 and 2009 by handling up to US$100bil's worth of transactions with them - AFP Photo.


Media Files:
http://www.thestar.com.my/~/media/online/2014/06/23/05/11/bnp.ashx?crop=1&w=0&h=0&




SC and ASIC sign agreement to establish fintech bridge

Wed, 28 Jun 2017 17:49:01 +08:00

KUALA LUMPUR: The Securities Commission Malaysia (SC) has entered into an innovation cooperation agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in financial services in their respective markets.


Media Files:
http://www.thestar.com.my/~/media/online/2016/03/10/06/06/ranjit-ajit-singh-sc.ashx?crop=1&w=0&h=0&




Bursa closes at day's low, Genting and IHH weigh on KLCI

Wed, 28 Jun 2017 17:39:06 +08:00

KUALA LUMPUR: Bursa Malaysia ended the first trading day on Wednesday on a weak note as selling pressure on Genting stocks, IHH Healthcare and Public Bank pushed the FBM KLCI deeper into the red.


Media Files:
http://www.thestar.com.my/~/media/online/2016/11/25/09/02/bear-market.ashx?crop=1&w=0&h=0&







Tech stocks sour, sending European shares to two-month low

Wed, 28 Jun 2017 17:13:45 +08:00

LONDON: Slumping technology stocks after a global cyber attack and depressed crude oil prices cast a cloud over European shares on Wednesday, sending them to their lowest in two months. File pic.


Media Files:
http://www.thestar.com.my/~/media/online/2016/08/24/22/41/dax.ashx?crop=1&w=0&h=0&




Alibaba spending US$1bil to raise stake in Lazada

Wed, 28 Jun 2017 17:08:57 +08:00

SINGAPORE: Chinese e-commerce giant Alibaba Group Holding Ltd will invest an additional US$1bil in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83%, the two companies said in a joint statement.


Media Files:
http://www.thestar.com.my/~/media/online/2016/06/16/02/32/lazada.ashx?crop=1&w=0&h=0&




Emerging market borrowing spree lifts global debt to record US$217 trillion

Wed, 28 Jun 2017 16:48:38 +08:00

LONDON: Global debt levels have surged to a record $217 trillion, driven by a $3 trillion borrowing spree in the developing world, the Institute of International Finance said.Global debt amounted to 327 percent of the world's annual economic output (GDP) by the first quarter of 2017


Media Files:
http://www.thestar.com.my/~/media/online/2017/06/16/10/34/global-economy-june17.ashx?crop=1&w=0&h=0&