Business News

DELAWARE (Bloomberg): Three former Credit Suisse Group AG bankers were charged in New York with defrauding US investors who helped provide more than US$2bil in loans to Mozambique, thrusting another global bank into a fundraising scandal involving a developing nation. Andrew Pearse, a former managing director at the bank, Surjan Singh, a managing director of
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KUALA LUMPUR: AmInvest has declared income distribution of about RM30mil for 18 unit trust funds from September to November 2018, encompassing conventional and Shariah-compliant offerings across various asset classes. In a statement, AmInvest said one of these funds was AmIncome Reward, an in-house managed fixed income fund launched in 2006. The fund declared an annual
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SEOUL: South Korean exports fell slightly in December from a year earlier, official data showed on Tuesday, missing even the most pessimistic forecast from a Reuters survey and providing fresh evidence of a cooling global economy. Although all 10 economists in the Reuters survey had forecast a rise in exports, some said the data was
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LONDON (Bloomberg): Vinci SA agreed to acquire control in Gatwick Airport for £2.9bil (US$3.7bil) as the French construction company jumped on the chance to add a major London hub to its aviation portfolio. The purchase of the 50.01% stake in London’s second-busiest airport from a group of investors including sovereign wealth funds from Abu Dhabi
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JASIN: The Malaysia Industrial Development Authority has approved investments worth RM1 billion in Melaka for the January-September, 2018 period, says Chief Minister Adly Zahari. He said the investments were made in seven sectors, namely medical, food, electronics, petroleum, transportation, metal manufacturing and non-metallic mineral sectors, and comprised both local and foreign investments.  “The total investments
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