Category: Business

RBS picks first woman to lead major UK bank

LONDON: Britain’s bailed-out Royal Bank of Scotland yesterday appointed long-serving banker Alison Rose as chief executive, making her the first female boss of a major

Indonesia slashes rates again

JAKARTA: Indonesia’s central bank slashed interest rates on Thursday for the third month in a row as Southeast Asia’s biggest economy feels the sting of

Asian markets mostly up

HONG KONG: Asian markets mostly rose yesterday after the Federal Reserve cut interest rates, but investors were left unsure about its next possible move. While the

Close ties broken

KUCHING: The traditional “close relationship” between Japan’s new housing starts and imports of plywood from Malaysia and Indonesia has been broken. So is such a relationship

Huawei unveils sanction-hit phone

BERLIN: Chinese tech giant Huawei launched its latest high-end smartphone in Munich yesterday, the first that could be void of popular Google apps because of

Probe into suspected spying

BERLIN: German prosecutors have opened an investigation into suspected internal spying by employees of European aviation giant Airbus over two arms projects, sources said Wednesday.

Ringgit to trade at RM4.15 per US dollar

KUALA LUMPUR: MIDF Research is of the view that at end-2019, the Malaysian ringgit would be trading at RM4.15 against the US dollar, as the declining Brent

Boosting ranks of video game players

SAN FRANCISCO: Apple’s entry into online games with a low-cost subscription plan is expected to bring a fresh set of consumers into gaming and potentially

Luring more business events from UK

GEORGE TOWN: The state government aims to position Penang as a preferred destination for organisers from the United Kingdom (UK) to hold business events over the long

NZ economic growth hits five-year low

WELLINGTON: New Zealand’s economic growth slowed to a five-year low in the 12 months to June, official data released yesterday showed, fuelling expectations further interest