Recent Articles

UK and China regulators discuss framework for financial projects

UK and China regulators discuss framework for financial projects

HONG KONG: British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month’s vote to leave the European Union. Britain’s Financial Conduct Authority (FCA) and the […]

July 31, 2016 | By | Reply More
Chinese consortium agrees to USD4.4b deal for Caesars online games

Chinese consortium agrees to USD4.4b deal for Caesars online games

BEIJING: A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc’s online games unit for $4.4 billion in cash, the companies said. Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) and […]

July 31, 2016 | By | Reply More
Chinese consortium agrees US$4.4 billion deal for Caesars online games

Chinese consortium agrees US$4.4 billion deal for Caesars online games

REUTERS: A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc’s online games unit for US$4.4 billion in cash, the companies said. Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) and […]

July 30, 2016 | By | Reply More
British retail tycoon hits back at MP's 'abuse'

British retail tycoon hits back at MP's 'abuse'

LONDON: The billionaire owner of the Topshop clothing chain on Saturday (Jul 30) accused a leading British MP of running a “kangaroo court” after the tycoon was slammed over the collapse of department store chain BHS. Philip Green wrote a letter to Frank Field, saying that he had led a campaign against him culminating in […]

July 30, 2016 | By | Reply More
Air France strike grounds 20% of flights

Air France strike grounds 20% of flights

PARIS: Air France on Saturday (Jul 30) cancelled around 20 per cent of its flights on the fourth day of a strike by flight attendants during the peak summer travel season, the airline said. The French carrier said it expected around the same level of service on Sunday with some 80 per cent of flights […]

July 30, 2016 | By | Reply More
Stress tests results reveal a broadly healthier industry

Stress tests results reveal a broadly healthier industry

ANY big announcement about banks that is made after the markets close, and with a weekend to come before they reopen, brings back dark memories of the 2007-08 financial crisis. The results of the latest European bank stress test, which were released on Friday night, lacked the drama of that period and contained much that […]

July 30, 2016 | By | Reply More
The government may clamp down on drunkeness at British airports

The government may clamp down on drunkeness at British airports

THERE are only a handful of occasions on which it feels acceptable to have a drink before the sun has reached the yard-arm. Christmas, weddings and funerals, and the Test match are all fine. So too, for some reason, is an airport. I have never been entirely sure why the last one should count. Probably […]

July 30, 2016 | By | Reply More
MAS examining Goldman Sachs' role in bond deals for 1MDB

MAS examining Goldman Sachs' role in bond deals for 1MDB

SINGAPORE: Singapore’s central bank said on Saturday (Jul 30) it is examining the extent of involvement by Goldman Sachs’ local unit in bond deals for Malaysian state investor 1Malaysia Development Berhad (1MDB). The Monetary Authority of Singapore (MAS) has been questioning banks and financial institutions since last year as part of investigations into possible money […]

July 30, 2016 | By | Reply More
Southern KL promises greater property value

Southern KL promises greater property value

THE southern region of Greater Kuala Lumpur promises to show the biggest growth in landed house prices over the next 10 years. According to experts, this would be the best time to buy or invest in properties in the area. Hartanahguru.com founder Abdul Aziz Ahmad said Greater Kuala Lumpur was still developing and could see […]

July 30, 2016 | By | Reply More
With new US factory, Daimler skirts tariffs…and unions

With new US factory, Daimler skirts tariffs…and unions

DETROIT: German automaker Daimler AG broke ground this week on a $500 million plant in Charleston, South Carolina to build vans, with the company hoping at last to avoid steep US import tariffs. When the factory comes online by the end of the decade, it may also help the company pay lower wages and circumvent […]

July 30, 2016 | By | Reply More