Author Archive: Free Malaysia Today

rss feed

Author's Website

Online sales? Maybe one day, says Chanel

Online sales? Maybe one day, says Chanel

Luxury goods brands were slow to develop e-commerce sites as they worried that making products too widely available would erode their cachet. PARIS: France’s Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world’s last hold-outs as rivals […]

November 26, 2017 | By | Reply More
U.S. regulator preparing to sue Santander bank over auto loans – sources

U.S. regulator preparing to sue Santander bank over auto loans – sources

U.S. regulator preparing to sue Santander bank over auto loans – sources Reuters WASHINGTON: A leading U.S. consumer watchdog is preparing to sue Santander bank [SOVBAN.UL] alleging that the Spanish bank overcharged borrowers on auto loans, two sources familiar with the plans said on Friday. The action by the Consumer Financial Protection Bureau (CFPB) could […]

November 25, 2017 | By | Reply More
BOJ Suzuki signals room to fine-tune yield curve control – media

BOJ Suzuki signals room to fine-tune yield curve control – media

TOKYO: Bank of Japan board member Hitoshi Suzuki said there is room to debate a fine-tuning of the central bank’s yield curve control (YCC) policy, the Mainichi paper reported, signalling the chance it may raise interest rates before inflation hits its target. Suzuki also said in a separate interview with Jiji news agency that the […]

November 24, 2017 | By | Reply More
EU banks have cut exposure to Britain since Brexit vote

EU banks have cut exposure to Britain since Brexit vote

LONDON: Banks on mainland Europe have cut their exposures to Britain since the Brexit vote last year and are concerned about the legality of cross-border deals once the UK leaves, the European Union’s banking watchdog said on Friday. The European Banking Authority (EBA) said banks in the EU’s 27 member countries have cut exposures in […]

November 24, 2017 | By | Reply More
Tech leads S&P above 2,600; Amazon, other retail stocks gain

Tech leads S&P above 2,600; Amazon, other retail stocks gain

Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season. The benchmark S&P 500 and the blue-chip Dow Jones industrials posted […]

November 24, 2017 | By | Reply More
Asia gold demand sluggish as high prices deter buyers

Asia gold demand sluggish as high prices deter buyers

MUMBAI/BENGALURU: The buying of physical gold remained muted across major Asian centres this week as higher prices dented demand, though seasonal demand could boost activity in top consumer China next month. In China, gold was sold at a premium of $5-$9 an ounce over the global benchmark, down from the $7-$10 last week. “Stable prices […]

November 24, 2017 | By | Reply More
HNA said to get nod from Bank Negara for Deutsche Bank stake

HNA said to get nod from Bank Negara for Deutsche Bank stake

China’s HNA Group Co has received clearance from the Malaysian central bank for its indirect stake in Deutsche Bank AG’s subsidiary in Malaysia, according to two people briefed on the matter. Bank Negara Malaysia had no objections that HNA now indirectly owns just under 10% of Deutsche Bank Malaysia Bhd, a fully-owned subsidiary of the […]

November 24, 2017 | By | Reply More
BNM: No plans to set up cryptocurrency exchange

BNM: No plans to set up cryptocurrency exchange

KUALA LUMPUR: Bank Negara Malaysia (BNM) has categorically stated that there are no formal plans to establish nor appoint an official cryptocurrency exchange in Malaysia. In a statement today, BNM said the article, published by Malaysian Reserve, titled, “Govt may appoint an official cryptocurrency exchange”, was speculative in nature and its statement implying that the […]

November 24, 2017 | By | Reply More
Peugeot-owner to use Opel site to assemble engines-Les Echos

Peugeot-owner to use Opel site to assemble engines-Les Echos

PARIS: Peugeot-owner PSA will use an existing Opel site in eastern Europe to assemble 200,000 petrol engines instead of building new capacity on its own site in Slovakia as initially planned, Les Echos newspapers said on Thursday. A spokesman for PSA declined to comment on whether the engines would be assembled at an Opel site, […]

November 24, 2017 | By | Reply More
Chinese airlines court Cathay pilots facing pay squeeze

Chinese airlines court Cathay pilots facing pay squeeze

SHANGHAI: Chinese airlines are circling disaffected pilots at Hong Kong’s Cathay Pacific Airways, offering sky-high salaries to fill a shortage of experienced captains in a rapidly expanding aviation industry. Chinese carriers, including China Southern Airlines , Hainan Airlines  and Juneyao Airlines, will need more than 100,000 new pilots over the next two decades, according to […]

November 24, 2017 | By | Reply More