Former Malaysia Airlines CEO Idris Jala Denies Rumours of Return to Ailing National Carrier
A local newspaper had earlier reported that Jala and Jamaludin Ibrahim, CEO of telecoms firm Axiata, are likely candidates for top post at airline.
AirAsia to Benefit From Lower Capacity as MAS Revamps Operations
Disaster-hit Malaysian Airline System is expected reduce domestic capacity, easing price competition among carriers.
HP Profit Declines Despite Surprise Rise in PC Sales
Quarterly revenues improved 1% to $27.6bn, driven by 12% increase in PC sales
India: Loan Defaulter Winsome Group May Have Routed Money Offshore and Defrauded Banks
Winsome defaulted on its 65.81bn rupee loans and is facing criminal investigation in India.
China's 'War on Pollution' Sees Coal Drop for First Time in Century
Growth in coal imports remained halted in first half, while domestic production declined.
Argentina Offers Voluntary Debt Swap to Pay Bond Holders Locally
President Cristina Fernández proposed legislation allowing voluntary swap for holders of debt issued under foreign law.
Citigroup Plans Japan Retail Banking Exit amid Low Interest Rates
Bank will retain its commercial and investment banking businesses in Japan.
China Slaps 12 Japanese Auto-Parts Makers with Record $200m Fine for Price Fixing
Sumitomo Electric received biggest individual fine of 290.4m yuan, equivalent to 6% of its annual China revenues.
China States Foreign Investment Dip Not Linked to Regulatory Probes
Foreign Direct Investment into China declined 16.95% to $7.81bn in July – the lowest since July 2012.
BHP Billiton Plans Spurn London Investors
London shareholders were expecting payouts from BHP in connection with its spin-off of some assets into new company.
China: Panic Sales By Corrupt Officials Cool Property Market
Ongoing anti-graft campaign in China prompts many corrupt officials to sell their properties.
Standard Chartered Close to Paying up to $300m to Settle US Compliance Probe
New York regulators highlighted bank's anti-money laundering systems and controls.
Bitcoin: Experts Group Launches Independent Probe to Unveil Mt Gox Mystery
Popular bitcoin exchange Mt Gox collapsed after suffering from alleged hacker attacks.
Mercedes-Benz Accused of Price Manipulation in China
Jiangsu Province Price Bureau launched an investigation into Mercedes-Benz in July and raided its dealerships.
Home Prices Fall in More Chinese Cities as Property Market Cools
Out of 70 major Chinese cities tracked by the government, 64 saw month-on-month price declines for new homes in July, compared with 55 in June.
Sultan of Brunei Denies $2.2bn Bid for Sahara Group Hotels
The Sultan denies reports about his bid to buy New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel.
Foreign Holdings in US Treasury Debt Cross $6tn for First Time
Total foreign holdings in treasury debt rose 0.6% to $6.01 trillion in June from $5.98tn in May.
Rare Ferrari GTO Fetches Record $38m at Auction
Price topped previous record of 1954 Mercedes-Benz W196 R F1 Racer, which was sold for $30m in 2013.
Lenovo's $2.3bn Acquisition of IBM Server Unit Cleared by US
US regulators approve sale after reviewing deal in relation to national security.
Argentina's Eurobond Holders Looking to Appeal US Ruling to Block Coupon Payments
Bondholders argue that their bonds should be treated under English and Welsh law.
Apple's Late CEO Steve Jobs Sued by Shareholder Over 'Zealous Pursuit of Profits'
Shareholder R Andre Klein filed a lawsuit against Apple and Jobs over its recruitment agreement with rivals.
Bitcoin Price Falls Below $500 as US Watchdog's Warnings Hurt Investor Morale
Bitcoin opened at $544.57 and fell to as low as $499.89 on 14 August.
Lenovo Profit Surges 23% as it Becomes Major Smartphone Player
Lenovo is currently the fourth-largest smartphone maker with a market share of 5.4%.
India's Adani Signs Deal to Acquire Lanco Infratech's Power Plant
Gautam Adani's firm buying Lanco's Udupi power plant in Karnataka state.
South Korea Central Bank Cuts Interest Rate to Boost Growth
Bank of Korea lowers seven-day repurchase rate to 2.25% from 2.5%
Poland and Norway to be Hardest Hit by Russian Sanctions
Poland exports over $1.12bn of agricultural products to Russia every year.
India Central Bank's Hands Tied as Inflation Rises More Than Expected
Consumer-price index rose 7.96% in July from last year, compared with revised 7.46% in June.
Japan GDP Falls Most Since 2011 Quake on Sales Tax Hike
GDP declined annualised 6.8% in second quarter, compared to economists' projections for 7.1% drop.
French Current Account Deficit More Than Doubles on BNP Paribas Fine
June current account deficit would have been €3.1bn in absence of BNP Paribas fine.
Curved Screens and Wearable Devices Not to Help Samsung and Apple
Samsung and Apple are set to lose significant share in global smartphone market by 2015, according to Fitch.
