OSLO: Norwegian telecom operator Telenor said on Friday (Sep 6) that talks on merging its Asian operations with Malaysian telecoms group Axiata have ended due to complexities with the transaction. The companies announced in May that they had entered talks on creating a new company to serve nearly ...
U.S. congressional investigators have identified possible failures in Deutsche Bank AG's money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said.
China's proposed new digital currency would bear some similarities to Facebook's Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank officer said.
In a country where privacy protections are considered weak and anything-goes data collection has become the norm, Chinese tech entrepreneur Yang Geng stands out.
Alibaba Group has agreed to buy e-commerce business Kaola from Chinese gaming company NetEase for US$2 billion, adding a platform that specializes in supplying curated luxury goods from abroad to domestic consumers.
TomTom, the Dutch mapping and navigation company, said on Friday Microsoft is integrating TomTom's navigation technology into its Connected Vehicle Platform.
HONG KONG: Global credit rating agency Fitch Ratings downgraded Hong Kong's long-term foreign currency issuer default rating to "AA" from "AA+" after months of unrest and protests in the region. Hong Kong's rating outlook is negative, Fitch Ratings said on Friday (Sep 6). Increasingly violent ...
U.S. job growth likely slowed further in August, but the pace of gains probably remains sufficient to keep the economy expanding moderately amid rising threats from trade tensions and weakness overseas that have left financial markets fearing a recession.
Asian stocks tracked global peers and rose on Friday while safe havens such as government bonds and the yen were sold amid signs of easing U.S.-China trade tensions and as firm U.S. economic data bolstered risk appetites.
A top U.S. accounting watchdog has brought only 18 enforcement actions and levied just US$6.5 million in fines against the Big Four accounting firms in its 16-year existence, according to a study published on Thursday.
