Mon02202017

LAST_UPDATEMon, 20 Feb 2017 12am

Nuclear Write-Down Leaves Toshiba With US$3.5-Billion Loss In Third-Quarter

TOKYO: Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen (US$3.52 billion) in the nine months through December, the Nikkei reported on Sunday.

Read more: Nuclear Write-Down Leaves Toshiba With US$3.5-Billion Loss In Third-Quarter

Fed’s Fischer: ‘Significant Uncertainty’ About Fiscal Policy Under Trump

COVENTRY: US Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about US fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent.

Read more: Fed’s Fischer: ‘Significant Uncertainty’ About Fiscal Policy Under Trump

WSJ: Sales Of Ivanka Trump Apparel Slumped At Nordstrom

NEW YORK: Nordstrom’s sales of Ivanka Trump’s line of clothing and shoes fell by nearly one-third in the past fiscal year, with sharp drops in sales in the weeks before her father Donald Trump was elected president, the Wall Street Journal reported on Saturday.

Read more: WSJ: Sales Of Ivanka Trump Apparel Slumped At Nordstrom

Panama Detains Mossack Fonseca Founders On Corruption Charges

The two founders of Panamanian law firm Mossack Fonseca were arrested on Saturday, the attorney general's office said, after both were indicted on charges of money-laundering in a case allegedly tied to a wide-ranging corruption scandal in Brazil.

Read more: Panama Detains Mossack Fonseca Founders On Corruption Charges

Naza Kia Targets 500 Vehicles Sales Per Month In 2017

Pic: BernamaKUALA LUMPUR: Naza Kia Malaysia Sdn Bhd, the official distributor of Kia Motor vehicles in Malaysia, targets to sell 500 units of all its brands per month in 2017, said its Head of Dealer Sales Operation, Ziad Fazaruddin.

Read more: Naza Kia Targets 500 Vehicles Sales Per Month In 2017

Foreign Airlines Planning To Serve Flights To Indonesia's Lake Toba

Pic: BernamaJAKARTA: At least three foreign airlines have been planning to serve flights to part of Indonesia's ultimate tour destinations, Lake Toba in North Sumatra province, China's Xinhua news agency reported.

Read more: Foreign Airlines Planning To Serve Flights To Indonesia's Lake Toba

Top Federal Reserve Official Resigns As Bank Deregulation Looms

Pic: Reuters

The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis.

Read more: Top Federal Reserve Official Resigns As Bank Deregulation Looms

Trump Tax Cut Talk, China Data Spur Risk Rally

Pic: Reuters

NEW YORK: A key index of global equity markets rose to a 20-month high today, with Wall Street shares hitting records for a second straight day, as investors continued to bask in the afterglow of US President Donald Trump’s promise of tax reform.

Read more: Trump Tax Cut Talk, China Data Spur Risk Rally

Julius Baer Served With 306 Million Euro Claim In Embezzlement Case

ZURICH: Swiss private bank Julius Baer said on Friday that it has been served with a 306 million euro (260.74 million pounds) claim that contends it did not prevent two clients from embezzling assets from a foreign corporation that is now being liquidated.

Read more: Julius Baer Served With 306 Million Euro Claim In Embezzlement Case

Govt Has No Issue Over Sale Of Proton Stake To FSP: Johari

KUALA LUMPUR: The government has no issue over DRB-Hicom Bhd relinquishing its 51% stake in Proton Holdings Bhd to pursue a foreign strategic partnership (FSP).

Read more: Govt Has No Issue Over Sale Of Proton Stake To FSP: Johari