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Indian regulator asks Fortis Healthcare to recover US$55 million from founders, 8 firms

Indian regulator asks Fortis Healthcare to recover US$55 million from founders, 8 firms

Doctors deliver a baby girl by C-section on board the USNS Comfort, a US Naval hospital ship in Port-au-Prince. (AFP pic) MUMBAI: India’s capital markets regulator has asked Fortis Healthcare to recover 4.03 billion rupees ($55 million) from its founder brothers and firms related to them, pending an investigation into loans made by the company. […]

October 17, 2018 | By | Reply More
UBS offered cars, bonuses to French bankers who lured clients

UBS offered cars, bonuses to French bankers who lured clients

Employees pass between offices as UBS Group AG logo sits on a walkway at the UBS headquarters in Zurich, Switzerland, on Monday, Jan. 22, 2018. (Bloomberg pic) PARIS: UBS Group AG’s French unit offered an elite team of bankers fancy cars and big bonuses to attract wealthy clients in France, sparking tensions with the Swiss […]

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SoftBank IPO banks said to commit to US$9 billion Vision Fund loan

SoftBank IPO banks said to commit to US$9 billion Vision Fund loan

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan, on Thursday, Feb. 22, 2018. (Bloomberg pic) LONDON/TOKYO: SoftBank Group Corp has lined up commitments for a loan of about $9 billion for its massive Vision Fund, provided by banks including arrangers of its Japanese wireless business’s initial public offering, people with knowledge of […]

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US rescinds Prudential’s ‘too-big-to-fail’ designation

US rescinds Prudential’s ‘too-big-to-fail’ designation

(AFP pic) WASHINGTON: US regulators on Wednesday removed insurance giant Prudential Financial from the list of financial institutions that are deemed “systemically important” and placed under heightened government supervision. The Financial Stability Oversight Council, created in the wake of the 2008 global financial crisis, announced it had voted to rescind its finding that trouble at […]

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LRT3 to proceed at total cost of RM16.6b under fixed-price contract

LRT3 to proceed at total cost of RM16.6b under fixed-price contract

PETALING JAYA: The government has agreed to continue with the Light Rail Transit Line 3 (LRT3) from Bandar Utama (Petaling Jaya) to Johan Setia (Klang) project at a total cost of RM16.6 billion under a fixed price contract regime. In a filing with Bursa Malaysia, George Kent (Malaysia) Bhd said MRCB George Kent Sdn Bhd […]

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SC says yet to receive details of Country Heights' cryptocurrency plans

SC says yet to receive details of Country Heights' cryptocurrency plans

PETALING JAYA: The Securities Commission Malaysia (SC) is yet to receive detailed plans for Country Heights Holdings Bhd’s (CHHB) cryptocurrency and associated initial coin offering (ICO) after it was disclosed by the company a month ago.  “We have engaged the company and they have yet to provide us with details of the proposed ICO,” an […]

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SC says yet to receive details of Country Heights' cryptocurrency plans

SC says yet to receive details of Country Heights' cryptocurrency plans

PETALING JAYA: The Securities Commission Malaysia (SC) is still in the dark about Country Heights Holdings Bhd’s (CHHB) plans for its own cryptocurrency and the associated initial coin offering (ICO) after they were disclosed by the company a month ago.  “We have engaged the company and they have yet to provide us with details of […]

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US stocks fall on housing data, mixed earnings

US stocks fall on housing data, mixed earnings

President Donald Trump has repeatedly touted the spate of Wall Street records as proof of the success of his economic programme. (AFP pic) NEW YORK: Wall Street stocks retreated early Wednesday following lacklustre US housing data and mixed corporate earnings. About 20 minutes into trading, the Dow Jones Industrial Average stood at 25,620.19, down 0.7%. […]

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Canada becomes first industrialised nation to legalise cannabis

Canada becomes first industrialised nation to legalise cannabis

A woman waves a Canadian flag bearing a marijuana leaf as a group celebrates National Marijuana Day on Parliament Hill in Ottawa on April 20, 2016. Canada’s Senate voted on June 19, 2018, to legalize the recreational use of cannabis. (AFP pic) ST JOHN’S: Canada became the first industrialized nation to legalize recreational cannabis on […]

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World stock recovery loses steam as European auto sector takes beating

World stock recovery loses steam as European auto sector takes beating

A monitor displays stock market information on the floor of the New York Stock Exchange . (Bloomberg pic) LONDON: A recovery by global stocks proved short-lived as warnings over a slowing European auto sector soured an upbeat mood, while Wall Street was set for a slightly lower open after enjoying its best session in eight […]

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