Saturday , January 18 2020

International News

Indonesia arrests five in scandal-hit insurer probe

Bloomberg Indonesian prosecutors detained five suspects, including a businessman who lost a case to Goldman Sachs Group Inc in a share ownership dispute, as authorities widened a probe into investment irregularities at the nation’s oldest insurer that’s pushed it to the brink of collapse. Benny Tjokrosaputro, president director of PT ...

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$453bn bond manager shifts bets from India amid tensions

Bloomberg Western Asset Management Co is reducing its Indian government bond holdings as tensions around a new citizenship law and the Kashmir region cloud the economic outlook. The $453 billion investor, an affiliate of Legg Mason Inc, is diverting some of its funds into longer-dated Malaysian and Chinese debt, according ...

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India plans incentives to woo Apple suppliers

Bloomberg India is considering a plan to offer subsidised loans to mobile handset manufacturers in a bid to attract Apple Inc and Samsung Electronics Co’s suppliers to open factories in the nation, said a government official. The proposals by the Ministry of Electronics and Information Technology includes offering interest subsidy ...

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National security agency discovers flaw in Windows

Bloomberg The National Security Agency announced that it had found a “critical vulnerability” in Microsoft Corp’s Windows operating systems that could enable cyber intrusions. The NSA recognised “the severity of the vulnerability” and disclosed it to Microsoft to expedite the process of fixing it, according to Anne Neuberger, the NSA’s ...

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