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Danske Bank whistleblower says he raised alarm four times

Danske Bank whistleblower says he raised alarm four times

The Tallinn branch of Denmark’s Danske Bank is implicated in a massive alleged money laundering scheme (AFP pic) COPENHAGEN: A whistleblower who uncovered a massive alleged money laundering scheme at Danske Bank’s Estonian branch told a Danish parliamentary commission Monday that he had notified his superiors four times about suspicious transactions but no action was […]

November 19, 2018 | By | Reply More
Russia’s Gazprom says offshore part of TurkStream is complete

Russia’s Gazprom says offshore part of TurkStream is complete

Gazprom logo (Bloomberg pic) ISTANBUL: Construction of the offshore part of the TurkStream pipeline that will carry Russian gas across the Black Sea to Turkey has been completed, Russian gas producer Gazprom said on Monday. TurkStream is part of Moscow’s efforts to bypass Ukraine as a gas transit route to Europe, which imports around a […]

November 19, 2018 | By | Reply More
Renault says board to meet ‘shortly’ after Ghosn arrest in Japan

Renault says board to meet ‘shortly’ after Ghosn arrest in Japan

(AFP pic) PARIS: French automaker Renault said Monday that its board would meet “very shortly” after its chief executive Carlos Ghosn was reportedly arrested in Japan for under-reporting his pay at Nissan, where he is also chairman. Philippe Lagayette, the lead independent board member, said in a statement the company was awaiting “precise information” from […]

November 19, 2018 | By | Reply More
Thailand’s King Power loses retail bid in U-Tapao airport concession

Thailand’s King Power loses retail bid in U-Tapao airport concession

  A gardener works in front of the King Power headquarters in Bangkok on October 28, 2018. (AFP pic) BANGKOK: Thailand’s Central Group and DFS Venture Singapore snapped up retail and services concession at an upcoming airport in the eastern province of Rayong, a government official said on Monday, beating out duty-free giant King Power. […]

November 19, 2018 | By | Reply More
Iranian jobs go as US sanctions start to bite

Iranian jobs go as US sanctions start to bite

US President Donald Trump has vowed to end sales of oil from Iran, whose President Hassan Rouhani is seen as more moderate than previous heads of government (AFP pic) LONDON: Tamnoush, an Iranian company that makes fizzy drinks, has shut down its production line after 16 years and laid off dozens of workers. It was facing […]

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Ringgit ends slightly higher against US dollar

Ringgit ends slightly higher against US dollar

One hundred ringgit notes (Bloomberg pic) KUALA LUMPUR: The ringgit ended slightly higher against the US dollar today, supported by mild buying for the local currency, a dealer said. At 6pm, the ringgit stood at 4.1870/1920 versus the US dollar compared with Friday’s 4.1900/1940. The dealer said despite the slower growth recorded in the third […]

November 19, 2018 | By | Reply More
CIMB appoints Omar Siddiq as Group COO

CIMB appoints Omar Siddiq as Group COO

Omar Siddiq. (Facebook pic) KUALA LUMPUR: CIMB Group, Malaysia’s second largest financial services provider by assets, has appointed Omar Siddiq as group chief operating officer effective Nov 26. In a statement today, it said prior to this, he was head of group wholesale banking at a regional banking group and had also served at Malaysia […]

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Bursa Malaysia ends higher

Bursa Malaysia ends higher

Bursa Malaysia (Bernama pic) KUALA LUMPUR: Bursa Malaysia, which recorded losses earlier in the day, received a late boost from banking stocks to end in positive territory today, dealers said. At the closing bell, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.33 points to close at 1,710.71 compared with last Friday’s close of 1,706.38. […]

November 19, 2018 | By | Reply More
Nissan’s Ghosn to be arrested in Japan for alleged financial violations

Nissan’s Ghosn to be arrested in Japan for alleged financial violations

Carlos Ghosn also heads Renault SA in France. A spokesman for Renault couldn’t be reached for immediate comment. (AFP pic) TOKYO: Nissan Motor Co Ltd Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, the Asahi newspaper reported on Monday. The newspaper reported on its website that Ghosn, […]

November 19, 2018 | By | Reply More
Rouhani says Iran to continue oil exports and resist US economic war

Rouhani says Iran to continue oil exports and resist US economic war

Iranian President Hassan Rouhani speaks on US’ sanctions towards Iran oil during cabinet meeting in Tehran, Iran on October 31, 2018. (AFP pic) TEHRAN: Iran will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said on Monday. By reimposing sanctions on OPEC’s […]

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