Banks still liable despite exclusion clauses, court rules

KUALA LUMPUR, Feb 25 ― The exclusion of liability clauses in agreements signed by banks with their customers cannot absolve them from legal liabilities, the Court of Appeal ruled yesterday in...

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Porsche, Audi lift VW to record underlying profit

WOLFSBURG, Germany, Feb 25 — Record Audi and Porsche sales helped Volkswagen swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions...

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Citi says US regulators are investigating its hiring practices

NEW YORK, Feb 25 — Citigroup Inc today said that US government and regulatory agencies are investigating the bank’s hiring practices. US agencies, including the US Securities and Exchange...

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China names new planning chief, commerce minister before key meeting

BEIJING, Feb 25 — China has appointed a new head for its top economic planning agency and a new commerce minister as part of a reshuffle ahead of a crucial Communist Party meeting later this...

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Ringgit to trade higher against US dollar next week

KUALA LUMPUR, Feb 25 — The ringgit is expected to trade higher, averaging between 4.42 and 4.43 next week, supported by expectations that the US Federal Reserve will not raise interest rates...

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