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British entrepreneur Mike Lynch among missing after luxury yacht sinks off Sicily

British entrepreneur Mike Lynch among missing after luxury yacht sinks off Sicily

Fifteen people escaped before it went down, including Mike Lynch's wife, Angela Bacares, who owned the boat, and a one-year-old girl.
Tue Aug 20 2024
Goldman Sachs CEO Solomon pays price of 1MDB scandal

Goldman Sachs CEO Solomon pays price of 1MDB scandal

Solomon will get a $10 million pay cut for the banks involvement in the 1MDB scandal. Goldman Sachs called its involvement in the scandal an "institutional failure".
Wed Jan 27 2021
Alphabet's unit discloses Snapchat investment

Alphabet's unit discloses Snapchat investment

Alphabet Inc's venture capital arm CapitalG disclosed an investment in Snapchat by adding the social networking firm's logo to a page on its investment portfolio website.
Sat Nov 05 2016
With huge London footprint, US banks gird for Brexit vote

With huge London footprint, US banks gird for Brexit vote

Amid the volatile atmosphere in Britain, the banks are outwardly keeping a straight face.
Tue Jun 21 2016
HSBC says to shut down India private banking business

HSBC says to shut down India private banking business

HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy.
Fri Nov 27 2015
China may tip world into recession, Morgan Stanley's Sharma says

China may tip world into recession, Morgan Stanley's Sharma says

China may soon have another thing to offer the world: a recession, Morgan Stanley's Ruchir Sharma says.
Tue Jul 14 2015
Honda, Nissan to unveil detailed merger plan in mid-Feb.

Honda, Nissan to unveil detailed merger plan in mid-Feb.

Japan's second- and third-largest carmakers by volume, have agreed to begin talks on merging under a holding company.
Fri Jan 31 2025
Investigators cautious of jet fuel still aboard wrecked South Korean plane

Investigators cautious of jet fuel still aboard wrecked South Korean plane

The investigation is being slowed by a large amount of fuel and oxygen still on board, according to an air crash investigation official.
Fri Jan 31 2025
Malaysia's official reserve assets at US$116.22 bil as at end-December 2024 - BNM

Malaysia's official reserve assets at US$116.22 bil as at end-December 2024 - BNM

According to Bank Negara Malaysia, projected foreign currency inflows amount to US$2.49 billion in the next 12 months.
Fri Jan 31 2025
Investigators seek to salvage aircraft after deadly Washington crash

Investigators seek to salvage aircraft after deadly Washington crash

Divers aim to "salvage the aircraft" and find additional components on Friday, Washington's fire department said.
Fri Jan 31 2025
PM calls on people to prioritise national interest

PM calls on people to prioritise national interest

Prime Minister Datuk Seri Anwar Ibrahim says Malaysia should also serve as a model for strong racial unity.
Fri Jan 31 2025
Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

Trump warns BRICS member countries from replacing the US dollar as a reserve currency by repeating a 100%-tariffs threat.
Fri Jan 31 2025
UN chief demands evacuation of 2,500 Gaza children at 'imminent risk' of death

UN chief demands evacuation of 2,500 Gaza children at 'imminent risk' of death

The doctors said they are advocating for a centralised process for medical evacuations with clear guidelines.
Fri Jan 31 2025
US looking into whether DeepSeek used restricted AI chips, source says

US looking into whether DeepSeek used restricted AI chips, source says

Current restrictions on Nvidia artificial intelligence processors are meant to stop its most sophisticated chips from reaching China.
Fri Jan 31 2025
Number of evacuees continues to rise in  flood-hit Sabah, Sarawak

Number of evacuees continues to rise in flood-hit Sabah, Sarawak

In Sarawak, the number of evacuees rose to 9,398 from 2,725 families this morning.
Fri Jan 31 2025
Investigators find black boxes after deadly Washington plane crash, continue search for answers

Investigators find black boxes after deadly Washington plane crash, continue search for answers

Investigators recovered the so-called black boxes from the American Airlines Bombardier jet carrying 60 passengers and four crew members.
Fri Jan 31 2025