SEOUL :South Korea’s financial market watchdog said on Thursday it was checking the effectiveness of a new monitoring system designed to detect illegal short-selling of domestic stocks before lifting a ban on such trades. South Korea’s Capital Markets Act bans ‘naked’ short-selling of stocks, in which an investor sells shares…

He said that the overall plan is to “widen the scope of travellers” who will be able to use the QR code system. Following Singapore’s roll out of its QR code system in March, travellers have reported positive feedback, with some outlining that the system has shaved up to 30 minutes off their journey time as it eases congestion on the Singapore side of the borders.  Johoreans and businesses have also urged the Malaysia government…

Business

View More

MILAN :Italy’s antitrust authority has fined two subsidiaries of Amazon a total of 10 million euros ($10.7 million) for alleged unfair commercial practices, the regulator said on Wednesday, a decision the U.S. e-commerce giant said it would appeal.Amazon “significantly restricted consumers’ freedom of choice” by automatically pre-setting a ‘Subscribe and…

Lifestyle

View More