Former Malaysian Prime Minister Mahathir Mohamad told reporters that he had stepped down from his post as an adviser to Petronas, the state-run oil firm.
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Sources say USD53 billion economic stimulus package is being prepared by Japan this week
The purportedly massive USD53 billion economic stimulus package by the government of Japan was to aid the country from its high tax rates imposed in April this year, said government ministers.
Former Japanese Ministry of Finance official says yen may drop as government pension fund increases foreign holdings
Former Japanese Ministry of Finance official Eisuke Sakakibara said the yen may weaken further as the government pension fund will follow the proposal to invest more of its holdings overseas.
BlackBerry is "here to stay" - interim CEO
BlackBerry Ltd is "very much alive, thank you," Interim Chief Executive John Chen affirmed in an open letter on Monday in which the smartphone maker committed itself to rebuilding as a niche player concentrating on the enterprise market.
Samsung chairman's daughter gets a promotion in company's holding outfit
Monday's announcement of executive promotions at Samsung Group stood out when the Group announced Samsung Chairman Lee Kun-hee's daughter, Seo-hyun, as a division president at holding company Samsung Everland Inc.
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According to a report on The Telegraph, British Chancellor George Osborne is said to be thinking of modifying the rules in the country's Enterprise Investment Scheme or EIS to boost investment in the venture capital industry.
GrainCorp Ltd chief executive Alison Watkins has resigned just days after the Australian government rejected a takeover offer from US agricultural giant Archer Daniels Midland Inc, and will head the Coca-Cola Amatil Ltd starting March.
Credit Suisse is promoting veteran Swiss investment banker Thomas Gottstein to head up its ultra-rich clients business in Switzerland, highlighting the expertise increasingly sought by private banks to cater to their wealthiest customers.
23 year-old Jacob Cook's open-source project Ark OS was able to get USD45,189 in backing from 859 investors to develop a full-scale Google Reader alternative.
Westports Holdings Bhd founder and Chairman G. Gnanalingam said his company is looking to partner with strategic investors to expand the capacity of Port Klang in Malaysia.
In an interview with Bloomberg TV India, billionaire Anil Agarwal expressed his disappointment about the outcome of his INR500 billion or USD8 billion investment in his aluminum business, and even commented that doing business in India is more difficult than elsewhere.
US firm Aurelius Capital Management sold its stake in Britain's Co-operative Bank to London hedge fund Perry Capital days after the private life of the bank's former chairman, Reverend Paul Flowers, was exposed.
Thanksgiving is a time for gratitude. A Wall Street Journal report from Shasha Dai shared what private equity professionals were most thankful for this year.
Christer Gardell, who co-founded Europe's biggest activist investor Cevian Capital, expects a burst of activity in mergers and acquisitions next year as corporate confidence returns.
