Business

[ad_1] Hong Kong banned Cathay Dragon from operating its Kuala Lumpur service until October 3, after the airline carried five passengers from the Malaysian city who tested positive for Covid-19. The passengers were on flight KA734 from Kuala Lumpur to Hong Kong on September 18. The airline says that all …

[ad_1] Business news Alun john Sumeet Chatterjee Lawrence White HONG KONG / LONDON (Reuters) – Global banks faced a new dirty money scandal on Monday as they sought to limit the fallout of a stash of leaked documents showing they transferred more than $ 2 trillion ($ 1.56 trillion). pounds …

[ad_1] HONG KONG: Shares of HSBC and Standard Chartered Hong Kong fell on Monday after media reported that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origin of the money. BuzzFeed and other media articles were based on …

[ad_1] (Sept. 21): HSBC Holdings Plc fell below its financial crisis trough set more than a decade ago as pressures mount on several fronts, including a potential threat to its expansion plans in China and increased scrutiny of money laundering controls. The London-based bank’s Hong Kong shares fell below their …

[ad_1] KUALA LUMPUR (September 21): Green Packet Bhd has partnered with MMAG Holdings Bhd, whose share price soared 29.37% today, to establish a digital payment system for migrant workers. In an exchange presentation, Green Packet said that its wholly owned unit, Kiplepay Sdn Bhd, had signed a framework agreement with …

[ad_1] Anuar Taib will succeed Sapura Energy founder Shahril Shamsuddin, who will retire in March. PETALING JAYA: Sapura Energy Berhad today announced its leadership succession plan with current President and CEO Shahril Shamsuddin, who will be retiring in March 2021. The company said that non-executive director Mohd Anuar Taib will …

[ad_1] The video-sharing app TikTok was already under US scrutiny when users pranked President Donald Trump’s campaign by pretending to reserve thousands of tickets for a June re-election rally in Oklahoma. For the hardliners in the Trump administration who wanted a tougher stance toward Beijing and saw the Chinese property …

[ad_1] © Reuters. The DAX chart of the German stock price index on the Frankfurt Stock Exchange (Reuters) – European stocks fell for a third straight session on Monday, hit by concerns about a surge in coronavirus cases on the continent and a drop in HSBC and Standard chartered (OTC …

[ad_1] KUALA LUMPUR: Malaysia’s economy is forecast to shrink 6% this year due to the impact of the Covid-19 pandemic, but will rebound 6.6% next year, according to the Oxford Economics Global Economic Outlook report. The report released on Monday said that while the nationwide movement control order in Malaysia …

[ad_1] NEW YORK: China’s ByteDance said on Monday (Sept. 21) that TikTok’s global business will become its subsidiary, even as Oracle and Walmart said over the weekend that they and U.S. investors would own most of the TikTok app. video after a deal with US President Donald Trump’s administration. Trump …