Money

A billionaire’s folly becomes a nightmare for bankers in India

Lavasa’s obligations are among the RM846.3b stressed assets looming over India, which has one of the world’s worst bad-loan problems
By Anto ...

China flirts with easier monetary policy

By BLOOMBERG
BEIJING • China’s banks are being offered cash and given instructions to boost lending, adding to evidence of a shift toward greater ...

Trade alarms ring louder for G-20 amid risk of protectionism

By BLOOMBERG
ZURICH • Global economic growth is poised to pick up this year, though the alarm bells about trade are getting louder. That’s the backdrop ...
Proton

Proton dealers to enjoy bigger slice of after-sales business

Dealers now have to adjust to new strategies and concepts to remain relevant in the business
By AFIQ AZIZ / Pic By AFIF ABD HALIM There might be a ...

HKEx says deal reached on dual-class shares in link

By BLOOMBERG
HONG KONG • Chinese investors will eventually be able to buy stocks with weighted-voting rights, such as Xiaomi Corp, through links with ...

Race is on for greener straws as Starbucks, MGM spurn plastic

EcoGlass’ surging output underscores a wave of change sweeping through the supply chain as the straw emerges as a central symbol of the world’s plastic ...

China’s yuan to weaken with no set line of defence

Hong Kong • China will tolerate higher volatility in the yuan and a moderate weakening of the currency, according to Pacific Investment Management Co LLC ...

After scandal and death, 2 Alpine banks target crypto gold

By BLOOMBERG
GENEVA • Walk into Falcon Private Bank on the Pelikanstrasse in central Zurich and you’re immediately struck by the giant photo of a woman ...

World Cup season a blessing for eateries

Restaurant operators saw better responses in terms of profits and number of visitors in 1 month of the World Cup period
by NUR HAZIQAH A MALEK / ...

Their jobs haven’t changed, but Iceland’s women are getting raises

Months into new equal-pay law, companies in the island nation are already fixing the gap
By Nick Rigillo & Ragnhildur Sigurdardottir / BLOOMBERG ...

S’pore’s lead over M’sia’s economy shrinking

By BLOOMBERG
SINGAPORE • Malaysia is inching closer to regaining its lead over Singapore’s economy after trailing for a third straight year. The ...

BoA’s consumer profit jumps as customers boost borrowing

By BLOOMBERG
NEW YORK • US consumers are levering up again, and Bank of America Corp (BoA) is using that, along with cost cuts and lower taxes, to ...