• Loan

    Malaysia Anti-Graft Agency Probes Loan to AirAsia: Reuters

    (Bloomberg) — The Malaysian Anti-Corruption Commission is investigating a 300 million ringgit ($72 million) loan from Sabah Development Bank Bhd. to carrier AirAsia Group Bhd, according to a Reuters report citing an official from the agency. © Bloomberg AirAsia Bhd. aircraft stand on the tarmac at Kuala Lumpur International Airport 2 (KLIA2) during a partial lockdown imposed due to the coronavirus in Sepang, Selangor, Malaysia. on Wednesday, May 13, 2020. Malaysia has extended its relaxed lockdown by four weeks, allowing nearly all economic activities to continue while keeping its borders shut and schools closed. “We have started our investigation to  

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  • Business & Finance

    Germany says EU pragmatism needed on London finance links | Reuters | Business

    By Huw Jones LONDON (Reuters) – A senior German government official said on Friday he was “deeply concerned” about the lack of progress in trade talks between the European Union and Britain, given the heavy reliance of German companies on funding from London’s financial hub. London is Europe’s biggest financial centre, but faces being largely cut off from the bloc when Britain’s post-Brexit transition arrangements expire on Dec. 31. Britain and the EU have entered an intensive phase in talks on a free trade deal, though EU access for financial firms in Britain is being dealt with separately by Brussels. 

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