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World 5 years ago
New York probing whether Donald Trump and the Trump Organization manipulated asset values
The New York state attorney general is investigating whether Donald Trump and the Trump Organization improperly manipulated the value of the US president's assets to secure loans and obtain economic and tax benefits, and said Trump's son Eric has been uncooperative in the civil probe.
Business 5 years ago
BNI sees 41% profit dive in first half over deteriorating asset quality
The publicly listed bank booked Rp 4.46 trillion (US$301.34 million) in net profit in the first half of this year. The figure contracted 41.6 percent compared to the same period of 2019 due to flatlining net interest income, which only grew 1 percent to Rp 17.8 trillion caused by delayed loan repayment.
Business 5 years ago
Oil giants' production cuts come to 1 million bpd as they post massive writedowns
The world’s five largest oil companies collectively cut the value of their assets by nearly US$50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and demand.
