Entrepreneurship
Liquidators file legal proceedings against Standard Chartered Bank over 1MDB fraud
Published Tue, Jul 1, 2025 · 01:49 PM[KUALA LUMPUR] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have initiated legal proceedings against Standard Chartered Bank...
Standard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development BerhadPublished Tue, Jul 1, 2025 · 01:49 PM — Updated Tue, Jul 1,...
Chinese money fires up Hong Kong shares
[SHANGHAI/HONG KONG] Chinese investors are piling into Hong Kong shares lured by lower valuations and the city’s strategic position in China’s growing rivalry with the United States.A record US$90...
Asia: Stocks rise on trade deal hopes, Tokyo hit by tariff warning
[HONG KONG] Asian stocks rose on Tuesday amid optimism countries will strike US trade deals, though Tokyo’s Nikkei sank after Donald Trump threatened to impose a fresh tariff rate...
Gold rises on weaker US dollar as markets await Fed rate-cut clues
[BENGALURU] Gold prices rose on Tuesday (Jul 1), supported by a weaker US dollar, as investors awaited labour market data due later this week to assess the Federal Reserve’s...
Circle applies for US trust bank license after bumper IPO
[NEW YORK] Stablecoin firm Circle is applying to create a national trust bank in the US, a major move after its blockbuster initial public offering (IPO) valued the company...
Struggling semiconductor firm Wolfspeed files for bankruptcy
[NEW YORK] Wolfspeed, a chipmaker caught in US President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a creditor-backed plan to slash US$4.6 billion in...
Eight-country coalition aims to tax luxury air travel
[SEVILLE, Spain] Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate...
Apple loses bid to dismiss major US antitrust case
[WASHINGTON] A federal judge on Monday denied Apple’s motion to dismiss a major antitrust lawsuit brought by the US government, allowing the case challenging the tech giant’s alleged smartphone...
Millennium Hotels and Resorts ties up with German hotelier Maritim in cross-brand loyalty deal
As part of the partnership, both companies will jointly participate in major trade shows and roadshows[SINGAPORE] Millennium Hotels and Resorts has partnered Germany’s Maritim Hotels to launch a cross-brand...
