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Business

Bain Capital weighing bid to take Toshiba private -sources

April 21, 2021

HONG KONG: Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said. The Japanese conglomerate on Tuesday dismissed a $20 billion …

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Business

Majority of employers, employees in Malaysia receptive to Covid-19 vaccinations: Employment Hero

April 21, 2021

PETALING JAYA: Some 70% of Malaysian businesses will mandate Covid-19 vaccinations for all their staff, according to a survey by people, payroll and benefits solutions provider, Employment Hero. Likewise, employees …

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Business

MARC gives 7-Eleven Malaysia’s proposed RM600m MTN programme ‘AA-’ rating with stable outlook

April 20, 2021

PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has assigned a preliminary rating of ‘AA-’ to 7-Eleven Malaysia Holdings Bhd’s proposed RM600 million medium-term notes (MTN) programme with a stable outlook. …

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Business

Danske CEO bows out over Dutch ABN money laundering inquiry

April 20, 2021

AMSTERDAM/COPENHAGEN: Danske Bank’s chief executive Chris Vogelzang, who was hired to help it recover from a multi-billion dollar money laundering scandal, resigned on Monday after Dutch authorities labelled him as …

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Business

UK invokes national security concerns to investigate Nvidia’s US$40 billion ARM purchase

April 20, 2021

LONDON: The UK government will look into the national security implications of U.S. group Nvidia’s purchase of British chip designer ARM Holdings, it said on Monday, raising a question mark …

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Business

Britain to pay £120 million compensation to investors in failed LCF fund

April 19, 2021

LONDON: Britain’s taxpayers will pay about £120 million (RM686.7 million) to compensate investors who lost money after the 2019 collapse of investment firm London Capital & Finance (LCF), the finance …

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Business

Australia’s Orocobre buying Galaxy for $1.4 bln to create world No.5 lithium miner

April 19, 2021

MELBOURNE: Australian lithium miner Orocobre Ltd is buying smaller domestic peer Galaxy Resources for $1.4 billion to create the world’s fifth most valuable producer of the key raw material for …

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Business

Malaysia’s domestic oil and gas order flows improving

April 19, 2021

PETALING JAYA: Although global oil and gas exploration and production (E&P) investment is expected to be flat this year, Malaysia is seeing improving domestic order flows, said AmInvestment Bank Research …

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Business

Bitcoin slumps as much as 14% as pullback from record gathers pace

April 18, 2021

BENGALURU/LONDON/NEW YORK: Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to US$51,541 (RM212,709) on Sunday, reversing most of the big gains it made over the past week. Bitcoin …

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Business

Pertama Digital’s eJamin payment cap raised to RM500,000

April 18, 2021

PETALING JAYA: Pertama Digital Bhd’s digital court bail payment solution eJamin has raised its digital payment limit to RM500,000 from a previous cap of RM30,000. The solution was first introduced …

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