Malaysia Fund 1MDB Deal by Goldman being Probed

Goldman Sachs didn’t sound an alarm about a suspicious transaction in Malaysia and U.S. investigators are trying to determine whether the bank had broken the law by doing so, reports The Wall Street Journal citing sources knowledgeable about the matter. Goldman had helped Malaysian state investment fund 1Malaysia Development Bhd., or 1MDB to raise $3 billion…

Scrapping Employee Annual Raise being Considered by GE

Are annual updates to compensation the best response to the achievements and needs of employees? This is the question that is being debated and reviewed by executives of General Electric Co, a pioneer for management for corporate. The longstanding and much-imitated system of rating staff on a five-point scale may also be scrapped by the…

69% stake in Inter Milan to be Bought by China’s Suning

A 68.55 percent stake in Italian soccer club Inter Milan would be bought by Chinese retail giant Suning Commerce Group, reported the media citing sources that familiar with the matter. The sources said that while current majority owner Erick Thohir will cut his stake to 31 percent and stay on as president, former Inter Milan…

Huawei’s Dealings with Iran and North Korea Draws US Subpoenas

While Huawei Technologies had tapped into markets as varied as Britain, India and Kenya and has become China’s most successful international technology company, it has also moved into markets like Syria where American officials have imposed limits on sales of technology. The reason for limitation is the fear that such technologies could be used to…

12% Increase in Airline Profits Expected in 2016

Driven by a combination of cheaper oil and fuller planes, the airline industry is expected to have its most lucrative year in history with global profits of almost $40bn (£30bn), . It was now a “normal business” for listed airline companies of providing decent returns to investors after years of being propped up by wealthy…