Monday, October 10th, 2016

 

Deutsche Bank forced to rethink as strategy overhaul stutters

FRANKFURT, Oct 10 — Threatened with a multi-billion-dollar fine from US regulators, Deutsche Bank’s management is rethinking elements of its year-old strategic overhaul that has made faltering progress, people familiar with the matter said…. Source: The Malay Mail Online


Putin: Russia ready to join Opec oil output freeze

ISTANBUL, Oct 10 — President Vladimir Putin today said non-Opec member Russia was ready to work with the cartel in imposing measures to limit oil production, in comments that propelled the price of crude to its highest levels in a year. Eyes… Source: The Malay Mail Online


Drake tops American Music Award nominations, beats Jackson record

LOS ANGELES (Oct 10): Canadian rapper Drake dominated nominations for the American Music Awards, earning a leading 13 nominations and beating the record set by Michael Jackson more than 30 years ago, the organizers of the awards announced on Monday.

Drake’s latest album, “Views,” has spent 13 weeks at the top of the U.S. music charts this year, and his single “One Dance” was chosen as Billboard’s 2016 song of the summer.

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Source: The Edge Markets


Deutsche Bank forced into rethink as strategy overhaul stutters – sources

Deutsche Bank forced into rethink as strategy overhaul stutters - sources

FRANKFURT (Oct 10): Threatened with a multi-billion-dollar fine from U.S. regulators, Deutsche Bank’s management is rethinking elements of its year-old strategic overhaul that has made faltering progress, people familiar with the matter said.

The organisational change, launched in October last year by the then new chief executive John Cryan, aimed to slash costs by cutting staff, overheads and selling off some non-core businesses at Germany’s largest lender.

Source: The Edge Markets


Penang Port, Shell Malaysia join forces to improve ferry service

GEORGE TOWN, Oct 10 — Penang Port Sdn Bhd (PPSB) and Shell Malaysia have joined forces to deliver improvements to the transportation lifeline between Penang Island and the mainland. “Penang Port and Shell Malaysia have announced the results… Source: The Malay Mail Online


Pope names new group of cardinals, adding to potential successors

Pope names new group of cardinals, adding to potential successors

VATICAN CITY (Oct 9): Pope Francis on Sunday promoted 17 Roman Catholic prelates from around the world to the high rank of cardinal, including 13 who are under 80 years old and thus eligible to succeed him one day.

Cardinals, who wear red hats and are known as “princes of the Church,” are the most senior members of the Roman Catholic hierarchy after the pope and serve as his principal advisers around the world and in the Vatican.

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Source: The Edge Markets


IAEA chief: Nuclear power plant was disrupted by cyber attack

IAEA chief: Nuclear power plant was disrupted by cyber attack

BERLIN (Oct 10): A nuclear power plant became the target of a disruptive cyber attack two to three years ago, and there is a serious threat of militant attacks on such plants, the head of the United Nations nuclear watchdog said on Monday.

International Atomic Energy Agency (IAEA) Director Yukiya Amano also cited a case in which an individual tried to smuggle a small amount of highly enriched uranium about four years ago that could have been used to build a so-called “dirty bomb”.

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Source: The Edge Markets


Two directors resign from Luster, citing personal reason

Two directors resign from Luster, citing personal reason

KUALA LUMPUR (Oct 10): Luster Industries Bhd executive directors Yap Kean Kok, 46, and Yap Yoke Chuan, 45, have both resigned from the board of Luster Industries Bhd, after only four months on the job, citing “personal reason”.

Yoke Chuan is the wife of Luster managing director Gary How Soong Khong, while Kean Kok is How’s brother-in-law.

Yoke Chuan, Kean Kok and How were appointed to the board of Luster on June 7 this year.

Source: The Edge Markets


Oscar-winning Polish film director Andrzej Wajda dies at 90

WARSAW (Oct 10): Film director Andrzej Wajda, best known for chronicling Poland’s struggle for democracy during half a century of communist rule, has died at the age of 90.

Wajda won international acclaim for “Man of Iron” (1981), which tells the story of the anti-Communist Solidarity movement, and the film’s subversive predecessor “Man of Marble” (1977).

Fans, film-makers and political leaders rushed online to pay tribute after his death was announced late on Sunday.

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Source: The Edge Markets


Danish premier says he’s still unclear on May’s Brexit plans

COPENHAGEN, Oct 10 — The UK’s European Union partners still have no concrete idea of what kind of relationship it wants to forge with the bloc, Danish Prime Minister Lars Lokke Rasmussen said after he became the first foreign leader to meet… Source: The Malay Mail Online