Sun06242018

LAST_UPDATESun, 24 Jun 2018 3pm

Give Banks More Spaces To Participate, Invest In Other Businesses -- Nazir

Datuk Seri Nazir Razak.

KUALA LUMPUR — More spaces should be given to banks to participate and invest in other businesses, including financial technology (fintech), said CIMB Group Chairman, Datuk Seri Nazir Razak.

Read more: Give Banks More Spaces To Participate, Invest In Other Businesses -- Nazir

Switzerland & United States Are The World’s Most Corrupt Nations – Report

A new study from advocacy group Tax Justice Network reveals that Switzerland is the world’s most-corrupt country, with a “high secrecy score of 76.” It’s followed by the US and the Cayman Islands.

Read more: Switzerland & United States Are The World’s Most Corrupt Nations – Report

Dow Jones Stock Index Hit By Record Falls

The White House moved to reassure markets on Monday after the Dow Jones Industrial Average index dropped by 1,175 points.

Read more: Dow Jones Stock Index Hit By Record Falls

How Tycoon Ma Turned Tencent Into A US$500 Billion Juggernaut

Pic: Tech in Asia

Pony Ma used to dream of being an astronomer when he was a child. Instead, he went into cyberspace and became a master of China’s online universe after creating the world’s sixth-biggest technology company, Tencent.

Read more: How Tycoon Ma Turned Tencent Into A US$500 Billion Juggernaut

Asian Shares Set To Tumble As 'Goldilocks' Trade Unwinds

TOKYO: Asian shares were set to fall sharply on Tuesday after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble.

Read more: Asian Shares Set To Tumble As 'Goldilocks' Trade Unwinds

Qualcomm Shares Falls As Report Says Apple Will Dump Chips

Pic: ReutersQualcomm Inc shares fell 2 percent on Monday after KGI Securities said Apple Inc might drop the chipmaker in favor of Intel Corpas the supplier for modem chips in its next generation of iPhones.

Read more: Qualcomm Shares Falls As Report Says Apple Will Dump Chips

UPS Order For Boeing Freighters Highlights Trade Growth

Pic: ReutersSINGAPORE: A recovery in international trade is reviving demand for aircraft once proudly linked to long-haul passenger travel and now mainly dependent on hauling cargo to stay in production.

Read more: UPS Order For Boeing Freighters Highlights Trade Growth

Southeast Asian Airlines Look To Non-Stop U.S. Flights Despite Profit Challenges

Pic: ReutersSINGAPORE: Vietnam Airlines JSC will struggle to be profitable on non-stop flights between Vietnam and the United States due to a lack of demand from business travelers, but it may launch them anyway as early as next year, the carrier’s CEO said on Monday.

Read more: Southeast Asian Airlines Look To Non-Stop U.S. Flights Despite Profit Challenges

Banks In Britain And U.S. Ban Bitcoin Buying With Credit Cards

Pic: ReutersBanks in Britain and the United States have banned the use of credit cards to buy Bitcoin and other “crypto currencies”, fearing a plunge in their value will leave customers unable to repay their debts.

Read more: Banks In Britain And U.S. Ban Bitcoin Buying With Credit Cards

Bitcoin Falls To Fresh 2-1/2 Month Low

Pic: ReutersLONDON: Bitcoin, the world’s best-known cryptocurrency, fell 7 percent on Monday to a fresh 2-1/2-month low of $7,599 on back of growing worries about a regulatory clampdown and bans on the purchase of the digital coins.

Read more: Bitcoin Falls To Fresh 2-1/2 Month Low