Jakarta plans law to curb foreign bank ownership
INDONESIAN lawmakers are considering a bill that will force foreign banks to sell down majority stakes in local lenders, which, if approved, would drive away…
View More Jakarta plans law to curb foreign bank ownershipManilaabolishes cap on local lenders’ stakes
MANILA: Philippine President Benigno Aquino has signed into law a bill allowing foreign banks to take full control of local lenders, in line with the…
View More Manilaabolishes cap on local lenders’ stakesURC to buy Griffin’s in NZ$700m deal
MANILA: Leading Philippine food processor Universal Robina Corp (URC) said yesterday it will buy New Zealand snack-food maker Griffin’s for NZ$700 million (RM1.97 billion). To…
View More URC to buy Griffin’s in NZ$700m dealReliance shares poised for biggest 2-month gain
The stock rose as much as 3.1 percent to 1,007.30 rupees, the most since May 19. It gained 12 per cent this year, lagging behind…
View More Reliance shares poised for biggest 2-month gainMurdoch may use Sky proceeds to boost bid for Time Warner
LONDON: Rupert Murdoch’s 21st Century Fox Inc is considering using proceeds from the sale of its Italian and German pay-TV assets to boost its offer…
View More Murdoch may use Sky proceeds to boost bid for Time WarnerHong Kong: Down despite Wall St rally
The benchmark Hang Seng Index eased 67.65 points to 23,387.14 on turnover of HK$42.91 billion. To continue reading the rest of the article, click here
View More Hong Kong: Down despite Wall St rallySGX: Key index 0.11pc higher
THE Straits Times Index (STI) ended 3.74 points, or 0.11 per cent, higher to 3,314.27 points yesterday. To continue reading the rest of the article,…
View More SGX: Key index 0.11pc higherEurope: Equities decline
Investor sentiment remains clouded by the downing of a Malaysian airliner in Ukraine last week, and by Israel’s ground offensive in Gaza. To continue reading…
View More Europe: Equities declineSteven Gerrard retires from international football
LONDON : England captain Steven Gerrard has announced his retirement from international football. To continue reading the rest of the article, click here
View More Steven Gerrard retires from international footballAsia: Mixed on geopolitical concerns
With traders still on edge after Thursday’s tragedy, which the United States has said was caused by pro-Russian rebels, the dollar retreated against the safe-haven…
View More Asia: Mixed on geopolitical concerns