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Deutsche Bank axes 18,000 staff across the world
Deutsche Bank laid off staff from Sydney to New York yesterday as it began to slash 18,000 jobs in a 7.4 billion euro (RM34.38 billion) ‘reinvention’ move that will lead to yet another annual loss, a plan that knocked its
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Pakistan business chamber to organise award ceremony in Malaysia
KUALA LUMPUR: The Rawalpindi Chamber of Commerce and Industry (RCCI), a business chamber from Pakistan, will be organising an award ceremony on July 9. Speaking at a press conference held at the Shang-ri La Hotel today, RRCI president Malik Shahid
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Ailing ringgit awaits Bank Negara bolster
The case is growing for Bank Negara Malaysia to bolster the economy with another interest rate cut and to provide some much-needed encouragement for inflows to the ringgit bond market. The central bank’s review on Tuesday will be scrutinised by
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Highway acquisition via self-financed congestion fees
KUALA LUMPUR: The government would not need to fork out a single sen to pay for the acquisition of four highway concessionaires as the RM6.2 billion purchase consideration will be entirely self-financed via the collection of proposed congestion fees, said
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India’s budget: Pressure on Central Bank to spur growth
NEW DELHI: The Indian government’s annual budget statement yesterday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging economy, adding to pressure on the central bank to provide more immediate help. Finance
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IPEC Global Legacy Recognition Gala to award certified individuals in industries
KUALA LUMPUR: The inaugural IPEC Global Legacy Recognition Gala will be held on July 23 to award certified individuals in various industries and the role they have played in their respective fields. The individuals come from different industries such as
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Top watch trends 2019
From retro military styles to high-performance technology, new-age materials, eco credentials, and cool colours, this year promises something for everyone. Musical chairs was the main theme of the Swiss watch fairs this year, but despite the changes there was plenty
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Crude oil prices dip over growth fears
SYDNEY: Crude oil prices fell today, pressured by concerns over the outlook for global economic growth. US West Texas Intermediate (WTI) crude futures CLc1 were down 1.1% at US$56.71 per barrel by 0042 GMT. Front-month Brent crude futures LCOc1 were
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Malaysia’s trade in May grew to RM159.21 bln
KUALA LUMPUR: Malaysia’s trade in May grew by 2% from the same month a year ago to a record RM159.21 billion. In a statement today, International Trade and Industries Ministry (Miti) said exports rose by 2.5% to RM84.15 billion, the
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Najib: Media Prima out of Umno’s control
KUALA LUMPUR: Media Prima Bhd wasn’t controlled effectively by Umno and that led the party to sell off its shares to Malay tycoon Tan Sri Syed Mokhtar Al-Bukhary, said Pekan MP Datuk Seri Najib Razak. Singling out Media Prima’s English
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