Tue01242017

LAST_UPDATETue, 24 Jan 2017 5pm

Goldman Sachs Files US$1 Billion Countersuit Against Indonesian Businessman

JAKARTA: Goldman Sachs filed a US$1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the US bank for conducting what he called “unlawful” trades in the shares of a property firm.

Read more: Goldman Sachs Files US$1 Billion Countersuit Against Indonesian Businessman

Mercedes-Benz Commercial Vehicle Sales Hit 2,612 Units In 2016

Pic: BernamaKUALA LUMPUR: Mercedes-Benz Malaysia Commercial Vehicles (MBM CV) posted sales of 2,612 commercial vehicles in 2016, despite the 13 per cent dip in Total Industry Volume (TIV) last year.

Read more: Mercedes-Benz Commercial Vehicle Sales Hit 2,612 Units In 2016

UAE's Emirates Airline To Launch New Route To U.S.

DUBAI: United Arab Emirates (UAE) Emirates Airline said here on Monday in an e-mailed statement it will launch a new daily service from Dubai to Newark Liberty International Airport of the United States, via the Greek capital city of Athens, from March 12, China's Xinhua news agency reported.

Read more: UAE's Emirates Airline To Launch New Route To U.S.

Dubai Retains Title Of World's Busiest Airport For Int'l Travel

Pic: AFP

DUBAI: Dubai International Airport remained the world's busiest for international passengers in 2016, as existing markets grew and new routes were launched, the airport's operator said.

Read more: Dubai Retains Title Of World's Busiest Airport For Int'l Travel

U.S. Judge Approves VW Dealers $1.2 Billion Settlement

Pic: Reuters

Volkswagen AG's (VOWG_p.DE) dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal.

Read more: U.S. Judge Approves VW Dealers $1.2 Billion Settlement

China To Strengthen Market Regulation By 2020

BEIJING: China plans to strengthen market regulation by 2020 to fight fake goods, food and drug safety issues and lack of consumer protections, among other things, said the country’s cabinet in an announcement posted on its official website on Monday.

Read more: China To Strengthen Market Regulation By 2020

Citigroup Fined US$28.8 Million For Harm To Home Borrowers

WASHINGTON: Citigroup Inc mortgage units have been fined $28.8 million for keeping home borrowers in the dark about options to avoid foreclosure and making it difficult for them to apply for relief, the US consumer finance watchdog said on Monday.

Read more: Citigroup Fined US$28.8 Million For Harm To Home Borrowers

RHB’s Indonesian Arm Launches Equity Fund

KUALA LUMPUR: PT RHB Asset Management Indonesia, a member of the RHB Banking Group, yesterday launched the RHB TM Indo-Asia Equity Fund in Jakarta, aimed at optimising returns within the medium to long term.

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Rothschild & Co Warns Of Unregulated Fundraising Scheme

HONG KONG: Independent financial advisory group Rothschild & Co has warned against the apparent spread of an unregulated fundraising scheme from China calling itself “Rothschild Family LCF Project”, “LCF Coins” or “LCF Cryptocurrency”.

Read more: Rothschild & Co Warns Of Unregulated Fundraising Scheme

AirAsia Denies Wrongdoing In Dealings With Rolls-Royce

PETALING JAYA: AirAsia Bhd and AirAsia X Bhd yesterday separately denied wrongdoing in dealings with Rolls-Royce, following the UK Serious Fraud Office’s charge that Rolls-Royce had given a USS$3.2 million (RM14 million) discount for the maintenance of a private jet in lieu of business with the group.

Read more: AirAsia Denies Wrongdoing In Dealings With Rolls-Royce