ANZ to book US$484m charge on wealth business sales
BENGALURU (April 23): Australia and New Zealand Banking Group (ANZ) said it would book a loss of A$632 million (US$484 million) on the divestment of two of its wealth businesses last year, which will be reflected in its half-year results.
It sold its OnePath pensions and investments business to IOOF Holdings in October and its life insurance business to Zurich Insurance Group in December.
The loss includes future separation and costs of completing the transactions of A$355 million, the bank said in a statement.
KUALA LUMPUR (May 25): Malaysian police seized 114 million ringgit (US$29 million) in cash, as well as bags containing jewelry from an empty apartment as part of its investigation into 1MDB.
Police also raided two apartments where children of former Prime Minister Najib Razak were residing, according to commercial crime investigation department director, Amar Singh.
Amar declined to say who owned the apartments.
KUALA LUMPUR: Malaysian palm oil futures saw their sharpest fall in seven weeks on Friday evening, weighed down by weak export demand and losses in related edible oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.
Cubism is an elegant puzzler about building 3D shapes in virtual reality. It’s the latest game from indie developer Thomas Van Bouwel, who previously worked on the VR game Panoptic, and it will launch later this year for the Oculus Rift, HTC Vive, and Windows Mixed Reality headsets. A free demo is on Steam and […]