News

Azamara Quest Cruise Ship Heading For Malaysian Port, After Engines Catch Fire; 5 Injured

A fire that broke out in the engines of Azamara Quest cruise has left it drifting in the waters 200 miles off the coast of Balikpapan (Borneo), Indonesia. The fire which broke out at 8:19 p.m. ship time on March 30 has disabled its engines.

Goldman, Landesbank Argue CDOs in US Appeals Court

A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc (GS.N) and TCW Asset Management Co should have foreseen the housing market implosion that caused a $37 million loss for German state-owned Landesbank Baden-Wurttemberg.

Sun Hung Kai Dives as Billionaire Kwok Brothers Arrested

More than $5 billion was wiped off the market value of Sun Hung Kai Properties <0016.HK> on Friday, after the billionaire owners of Asia's largest real estatedeveloper were arrested on suspicion of corruption.