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How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Fri Nov 22 2024
Huge crime network forging Banksy, Warhol and Picasso uncovered in Italy

Huge crime network forging Banksy, Warhol and Picasso uncovered in Italy

Investigators said they had seized more than 2,100 fake pieces, with a potential market value of about 200 million euros.
Mon Nov 11 2024
Analysis: Jack Ma's reappearance fails to soothe all investor concerns about regulatory crackdown

Analysis: Jack Ma's reappearance fails to soothe all investor concerns about regulatory crackdown

Ma's first public appearance added $58 billion in market value on Wednesday as Alibaba's Hong Kong-listed stock soared.
Thu Jan 21 2021
Offering discounts galore, Alibaba launches China's first post-COVID Singles' Day

Offering discounts galore, Alibaba launches China's first post-COVID Singles' Day

This year's online shopping extravaganza comes a week after Alibaba lost almost $76 billion of its market value.
Wed Nov 11 2020
K-Pop group BTS' label Big Hit Entertainment prices IPO at top of range

K-Pop group BTS' label Big Hit Entertainment prices IPO at top of range

Institutional investors had forecast huge demand for the shares, with Big Hit riding on the success of the seven-member band.
Mon Sep 28 2020
Zoom shares slip over security concerns, rising competition

Zoom shares slip over security concerns, rising competition

Multiple reports last week that questioned the company's data privacy practices have spooked investors, erasing nearly a third of the company's market value from its record high.
Tue Apr 07 2020
Chamber hails corp's move to sell land to Enra for tourism

Chamber hails corp's move to sell land to Enra for tourism

Despite public outcry over the sale of the land, which was said to be below the market value, it would eventually benefit the island in the long run.
Wed Mar 22 2017
Fuel-cheating scandal wipes $2.5bn off Mitsubishi stock

Fuel-cheating scandal wipes $2.5bn off Mitsubishi stock

Mitsubishi Motors shares nosedived again as panic selling wiped about $2.5 billion off the automaker's market value in response to its shock admission that it cheated on fuel-efficiency tests.
Thu Apr 21 2016
Police open probe into purchase of bungalow by Penang CM

Police open probe into purchase of bungalow by Penang CM

Police have opened an investigation into the purchase of a bungalow by Penang Chief Minister Lim Guan Eng allegedly below market value.
Fri Mar 25 2016
Apple shares to close year with worst performance since 2008

Apple shares to close year with worst performance since 2008

Shares of Apple Inc, the largest US company by market value, are set to finish the year in the red on notable weakness for a stock that had largely been impervious to pain for several years.
Sun Jan 03 2016
Alphabet, Microsoft, Amazon give Wall Street reason to cheer

Alphabet, Microsoft, Amazon give Wall Street reason to cheer

Shares of all three surged in early trading, adding more than $120 billion to their combined market value - more than the gross domestic product of Morocco.
Sat Oct 24 2015
Apple's momentum 'meltdown' bites investors

Apple's momentum 'meltdown' bites investors

Shares of the iPhone maker have been in a rut since posting disappointing quarterly results in late June, falling to a six-month low of $113.25 on Tuesday.
Wed Aug 05 2015
Apple becomes first company worth over $700 billion

Apple becomes first company worth over $700 billion

Apple became the first company to reach a market value of $700 billion Tuesday as shares vaulted amid upbeat news on the US tech giant's gains in the smartphone market and soon-to-arrive smartwatch.
Wed Feb 11 2015
Facebooks value tops RM638.2 billion ($200 billion) on mobile-ad optimism

Facebooks value tops RM638.2 billion ($200 billion) on mobile-ad optimism

Facebook Inc.(FB)s market value exceeded $200 billion to put it among the worlds biggest corporations, as investors bet on the company to capitalize on the future of mobile advertising.
Tue Sep 09 2014
Apple loses world's most valuable company crown

Apple loses world's most valuable company crown

Apple shares extended their losses Friday, ending a miserable week for the California tech giant as it surrendered its position as the world's biggest company based on market value.
Sat Jan 26 2013
G7 seeks unity on ICC arrest warrant for Netanyahu

G7 seeks unity on ICC arrest warrant for Netanyahu

The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.
Tue Nov 26 2024
Francissca Peter remembers Tan Sri Ahmad Nawab: A tribute to a musical legend

Francissca Peter remembers Tan Sri Ahmad Nawab: A tribute to a musical legend

A legend who has influenced our music for decades, was one of the highlights of my career, says Francissca Peter.
Tue Nov 26 2024
TikTok decision coming soon as Jan. 19 divestment deadline looms

TikTok decision coming soon as Jan. 19 divestment deadline looms

Judges are reviewing TikTok's challenge to a law requiring ByteDance to sell its US assets by Jan. 19 or face a ban.
Tue Nov 26 2024
Lebanese sources: Biden, Macron set to announce Israel-Hezbollah truce

Lebanese sources: Biden, Macron set to announce Israel-Hezbollah truce

In Washington, White House national security spokesperson John Kirby said, "We're close" but "nothing is done until everything is done".
Tue Nov 26 2024
PM meets chaebol tycoon to attract more FDI to Malaysia

PM meets chaebol tycoon to attract more FDI to Malaysia

Chaebols are prominent figures from South Korea's family-owned conglomerates.
Tue Nov 26 2024
Govt won't allow non-citizen vehicles to enjoy RON95 subsidy - Economy Ministry

Govt won't allow non-citizen vehicles to enjoy RON95 subsidy - Economy Ministry

The implementation of the RON95 subsidy in 2025 is expected to provide savings of RM3.6 billion to government expenditure.
Tue Nov 26 2024
Ringgit opens lower as greenback gains ground

Ringgit opens lower as greenback gains ground

Dr Mohd Afzanizam says the market responded positively to news of hedge fund manager Scott Bessent heading the US Treasury Department.
Tue Nov 26 2024
Management of low-cost housing, gov't quarters, focus at Dewan Rakyat today

Management of low-cost housing, gov't quarters, focus at Dewan Rakyat today

Also among the highlights, UNICEF report on 12.3pct of teenagers in Klang Valley's PPR face mental health issues and suicidal tendencies.
Tue Nov 26 2024
UN Resolution 1701, cornerstone of any Israel-Hezbollah truce

UN Resolution 1701, cornerstone of any Israel-Hezbollah truce

Here are the resolution's main terms, and a note about subsequent violations and tensions.
Tue Nov 26 2024
Record aid worker deaths in 2024 in 'era of impunity', UN says

Record aid worker deaths in 2024 in 'era of impunity', UN says

So far this year there have been 281 aid worker victims, according to the Aid Worker Security database.
Tue Nov 26 2024