HONG KONG: Country Garden, China’s largest private property developer, delayed the publication of its 2023 financial results on Thursday (Mar 28) saying it needed to collect more information to make appropriate accounting estimates and judgements. “Due to the continuous volatility of the industry, the operating environment the group is confronting…
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See AllDEFERRED PROSECUTION Authorities also said in its press release on Thursday that the public prosecutor is in discussions with Seatrium on a deferred prosecution agreement (DPA) about the alleged corruption offences in Brazil. A DPA is a settlement where the prosecution agrees to defer criminal charges against a corporate offender in exchange for the corporation’s agreement to comply with various conditions. These can include an admission of wrongdoing, payment of financial penalties and implementation of corporate…
MALMO, Sweden: The Swedish city of Malmo is preparing to host the Eurovision Song Contest…
WASHINGTON: US Treasury Secretary Janet Yellen said on Wednesday (Mar 27) that she intends to…
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Singapore
View MoreSINGAPORE — A domestic helper who punched, slapped and bit her 101-year-old bedridden charge, then taped the woman’s mouth to suppress her screams of pain, has been sentenced to 20 weeks’ jail. Aye Aye Aung, a 32-year-old Myanmar national, had been caring for the victim, who is on a feeding…
World
View MoreSPREADING THE COST Moody’s Ratings analyst Brandan Holmes said approximately 80 different reinsurers provided that cover to the ship’s insurers. “While the total claim is expected to be high, it is unlikely to be significant for individual reinsurers since it will be spread across so many,” he said. Insurer Britannia…
Business
View MoreSINGAPORE: China’s yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports. Several signals have stirred that speculation. While the yuan has declined roughly 2 per cent this year against…
Lifestyle
View MoreThis retro-styled hybrid instant camera features a 28mm, bright F2.0 prime lens. Its 1/5-inch CMOS image sensor has a resolution of 2,560 x 1,920 pixels. The Instax mini Evo stores about 45 images in its internal memory. This can be expanded thanks to a built-in microSD / microSDHC card slot.…