Revenue at top banks fall
REVENUE at the worlds 10 largest investment banks fell five per cent in the first half of the year as continued weakness in fixed income…
View More Revenue at top banks fallUS adopts tighter rules for securities, rating agencies
WASHINGTON: The Securities and Exchange Commission (SEC) on Wednesday adopted tighter rules for asset-backed securities (ABS) and credit rating agencies, tackling two issues at the…
View More US adopts tighter rules for securities, rating agenciesEuropean rivals battle for Vivendis Brazil unit
PARIS: The battle over Brazils telecoms market ratcheted up yesterday as European competitors Telecom Italia and Telefonica made rival offers for Vivendis Brazilian broadband unit…
View More European rivals battle for Vivendis Brazil unitFBI probes Russian link in hacking case
NEW YORK: Hackers, believed to be from Russia, broke into the computer systems of JPMorgan Chase and a second United States bank earlier this month,…
View More FBI probes Russian link in hacking caseSale of govts Rosneft stake under way
MOSCOW: Russias economy minister said on Tuesday preparations to sell a part of the states stake in Rosneft, the worlds top oil producer by output,…
View More Sale of govts Rosneft stake under wayIBM launches Watson system for research
WASHINGTON: International Business Machines Corp (IBM) on Wednesday launched a computer system that can quickly identify patterns in massive amounts of data, an ability that…
View More IBM launches Watson system for researchMinisters proposal sparks storm
PARIS: Frances new pro-business Economy Minister Emmanuel Macron ran into trouble with trade unions yesterday for suggesting companies could be allowed exemptions to Frances 35-hour…
View More Ministers proposal sparks stormJolie, Pitt wed in Chateau Miraval, France
NEW YORK: Angelina Jolie and Brad Pitt were married Saturday in Correns, France, a spokesman for the couple says. To continue reading the rest of…
View More Jolie, Pitt wed in Chateau Miraval, France49 foreign workers held over riot
KULAIJAYA: The police have arrested a total of 49 foreign workers in connection with a riot at an electronics factory at the Desa Perindustrian Kulai…
View More 49 foreign workers held over riotAbout 165 immigrants bound to be trafficked, rescued by police
GEORGE TOWN: The police had picked up 165 immigrants, including scores of women and children sold as human trafficking victims in Penang, Kedah and Perlis…
View More About 165 immigrants bound to be trafficked, rescued by police