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Business News
 •  JP Morgan questioned on private bank impropriety
NEW YORK: JPMorgan Chase & Co executives have faced regulators' questions on whether private bank advisors guide clients to buy the firm's own financial products, according to a report in the Wall Street Journal.
 
 •  China says June industrial profits up 17.9% year-on-year
SHANGHAI: Profits earned by Chinese industrial firms rose 17.9 percent in June to 588.08 billion yuan (US$94.98 billion) from a year earlier, up sharply from an 8.9 percent rise in May, the National Bureau of Statistics said.
 
 •  Ketengah Holdings rakes in RM45mil pretax profit last year
KUALA TERENGGANU: Ketengah Holdings Sdn Bhd (KHSB) has chalked up a lower pre-tax profit of RM45.34 million last year against RM62.18 million registered in 2012.
 
 •  Asia stocks dip in early trade Monday after earnings hurt Wall Street, US$ buoyed
TOKYO: Asian stocks dipped in early trade on Monday after disappointing earnings hit Wall Street, while the dollar hovered near six-months peaks against a basket of major currencies.
 
 •  Spending scandal besetting Aquino could hurt Philippines' economy
MANILA: The biggest political crisis that Philippine President Benigno Aquino has faced in four years in power could damage his image as a crusader against corruption and undermine his ability to deliver on reforms to sustain strong economic growth.
 
 •  Australia's NAB sells US$1bil UK property loan portfolio
MELBOURNE: National Australia Bank Ltd has agreed to sell a 625 million pound ($1.06 billion) portfolio of mostly non-performing UK commercial property loans to private equity firm Cerberus Global Investors.
 
 •  Britons warier about house-buying
LONDON: Britons are feeling much less positive about buying a house while sentiment toward selling is improving, according to a survey on Monday which added to other suggestions that the housing market is losing a bit of steam
 
 •  Modern Etiquette: Does voicemail make you nervous?
Does leaving a voicemail message create performance anxiety for you? If it does, you probably are a millennial. There’s good news and bad news about this. The good news is that you are early in your career, with lots of opportunities to make a positive difference in your world.
 
 •  Hague court to order Russia to pay US$50bil in Yukos case
MOSCOW: The Permanent Court of Arbitration in The Hague will on Monday announce that Russia must pay US$50 billion to former shareholders of the defunct oil company Yukos, Russian business daily Kommersant reported on its website, citing unnamed sources.
 
 •  UEM Sunrise unfazed by Chinese firms' presence in Iskandar
THE presence of mainland Chinese developers in Iskandar Malaysia the last couple of years and their marketing strategy of launching properties in the thousands is something UEM Group Bhd has noted but does not consider as a major challenge for the group, said group managing director and chief executive officer Datuk Izzadin Idris.
 
Updated: 140 minutes ago
 •  India's forex reserves up $163 mn
India's foreign exchange reserves rose by $163 million to $317.
 
 •  VLCC celebrates 25 years with new outlet in Delhi
VLCC has completed 25 years in the wellness industry and to celebrate the landmark, formally opened its latest slimming beauty and fitness centre here.
 
 •  Biocon net up nine percent in Q1
India's biotech major Biocon Ltd.
 
 •  Jet Airways appoints new management team
Jet Airways Friday appointed Raj Sivakumar as its chief commercial officer with immediate effect.
 
 •  Wipro sees discretionary spend return in US
India's third largest IT firm Wipro Ltd Thursday said it saw discretionary spending return in North America, as the demand environment continued to be steady.
 
 •  Sensex hits record high; healthcare stocks gain
A benchmark index of Indian equities markets Friday hit a record high of 26,300.
 
 •  AirAsia to connect Bangalore with Jaipur, Chandigarh for Rs.1,999
Low cost airline AirAsia (India) will connect Bangalore with Chandigarh and Jaipur this September for around Rs.
 
 •  Banking, insurance stocks surge as FDI limits increase
Insurance and banking stocks surged Thursday as the cabinet approved a proposal to increase foreign direct investment (FDI) limit in the insurance sector to 49 percent from the current 26 percent.
 
 •  Infosys to run Daimler's European data centres
Indian IT bellwether Infosys Ltd has entered into a multi-year deal with German automotive major Daimler AG to manage its infrastructure services and data centres in Europe.
 
 •  World Bank to provide $18 bn aid to India in three years
The World Bank Wednesday said it will provide financial support of $15-18 billion to India over the next three years to help accelerate economic growth and reduce poverty.
 
 •  SpiceJet announces extra flights for limited period
Low-cost airline SpiceJet Wednesday announced the introduction of new flights serving Delhi-Hyderabad, Delhi-Tirupati via Hyderabad, and Delhi-Bangalore from Aug 15 to Sep 8.
 
 •  Polaris to focus on digital banking
Financial sector, software services and products company Polaris Financial Technology Ltd.
 
 •  SAIL to tap overseas markets
State-run SAIL plans to export higher volumes of steel after commissioning new facilities under modernisation and expansion plan, Minister of State for Steel Vishnu Deo Sai said Wednesday.
 
 •  Coal India unit fears output loss in Odisha
Mahanadi Coalfields Ltd.
 
 •  IGI Airport starts pet facilitation desk
IGI Airport Tuesday became the first airport in the country to launch a pet travel information and facilitation desk - 'Pet Fly' - at Terminal-3.
 
Updated: 2442 minutes ago
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