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S’pore Ex trading halt blamed on faulty disk

  Bloomberg Singapore Exchange Ltd., whose stock market suffered a five-hour halt last week, said the issues were caused by a hard disk failure and an application that didn’t detect the fault. The exchange has replaced the disk and submitted an interim report to the Monetary Authority of Singapore, CEO Loh Boon Chye told reporters on Tuesday. Investigations are ongoing ...

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Ringgit falls with oil as rallies falter

  Bloomberg Malaysia’s ringgit posted the biggest two-day slide since Britain voted to exit the European Union amid the subdued mood in emerging markets as oil and stocks fell. Crude prices dropped for a second day, damping the outlook for government finances for Asia’s only major net oil exporter before the International Monetary Fund updates its projections for world growth ...

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‘Takata engineers manipulated air-bag test data’

  Bloomberg Takata Corp., the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed some test results to artificially reduce variability in air-bag inflator performance, Brian O’Neill, a former Insurance Institute for ...

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