Brexit bump instills no confidence on sullen bond trading floors
NEW YORK/LONDON: Even after a good quarter, optimism is hard to find on Wall Street’s bond trading floors. Revenue from…
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No need for G20 to tame forex markets after Brexit — IMF economist
WASHINGTON: Foreign exchange markets are not ‘disorderly’ in the wake of Britain’s vote to leave the European Union and there…
Three US states sue VW, say execs covered up diesel cheating
WASHINGTON: Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated…
Zara founder’s real estate assets top six billion euros in 2015
MADRID: Amancio Ortega, Europe’s richest man and founder of global fashion group and Zara owner Inditex , held more than…
Global warming to cost US$2 trillion in lost productivity
JAKARTA: Rising temperatures caused by climate change may cost the world economy over US$2 trillion in lost productivity by 2030…
Rolls-Royce aims ‘Dawn’ at young ultra-high networth individuals
KUALA LUMPUR: Rolls-Royce Motor Cars Kuala Lumpur has launched Rolls-Royce Dawn, a super luxury drophead, targeting young ultra-high networth individuals.…
Singapore Exchange: Disruption on July 14 due to disk failure
SINGAPORE: The disruption in the Singapore Exchange (SGX) trading on July 14 was caused by a disk failure and an…
UMW’s sukuk downgraded to AA2, outlook to stable
KUCHING: RAM Ratings (RAM) has downgraded the long-term ratings of UMW Holdings Bhd’s (UMW) Islamic Debt Programmes to AA2 from…