George Soros passes reins to son Alexander

AMERICAN investor George Soros is passing control of his multi-billion dollar foundation to his son Alexander, the 92 and 37 year-old duo said in an interview published yesterday. The Hungarian-born father told the Wall Street Journal that his son, the second youngest of five children, had “earned it.”

Ringgit opens lower against dollar

THE ringgit opened lower against the US dollar today on cautious sentiment ahead of the US Federal Open Market Committee meeting on June 13 and 14.  At 9.08am, the local note was traded at 4.6155/6185 against the greenback compared with Friday’s closing of 4.6115/6160.

China expands nuclear arsenal as global tensions grow

THE nuclear arsenals of several countries, especially China, grew last year and other atomic powers continued to modernise theirs as geopolitical tensions rise, researchers said today. “We are approaching, or maybe have already reached, the end of a long period of the number of nuclear weapons worldwide declining,” Dan Smith, director of the Stockholm International […]