Thursday, October 1, 2015 BUSINESS 11 Apple Music makes China debut at low price San Francisco iTunes Movies and iBooks and we’re thrilled to bring Apple Music, which parts of the world buy music, pple yesterday began to customers in China. music, movies and books to launched in more than 100 designed its streaming music offering Apple Music and “Customers in China love China, curated by a local team countries at the end of June, service with an eye to being otherA digital content in China, the App Store and have made of experts.” was offered in China for a the first truly global radio putting a bargain price on the it our largest market in the Apple Music in China monthly subscription price station. service in the high-priority world for app downloads,” features local artists such as of 10 yuan (about $1.60), The California-based market. Apple senior vice president , , and with a family plan available technology titan made its Along with the streaming Eddy Cue said in a statement. JJ , along with international for 15 yuan (about $2.40) per move on the back of a trend music service, Apple “One of the top requests performers including Taylor month. Apple, whose iTunes of people shifting to streaming opened the online doors of has been more great content Swift and Ed Sheeran. revolutionized how disparate music. Representational photo

Push to find the masterminds of the scam VOLKSWAGEN REVS

FrankfurtUP RECALL PLAN COUNTRY/CURRENCIES BUY SELL VW’s finance chief Hans-Dieter erman auto giant Poetsch, who has been tipped to Volkswagen shifted up take over as supervisory board SOUTH AFRICAN RAND 39.3701 34.2466 Ga gear yesterday in its plans to chief, could also find himself in US DOLLARS 2.6667 2.6469 CANADIAN DOLLAR 3.6127 3.4423 recall millions of cars fitted with the firing line, given his close PERUVIAN NUEVO SOL 7.6923 7.6923 pollution-cheating software relationship with Winterkorn and INDIAN RUPEE 176.9912 168.9189 as it boosted efforts to find the his key role on VW’s executive BANGLADESH TAKA 208.2899 196.8117 masterminds behind the scam. board. CHINESE YUAN 17.2712 16.3399 Following the departures of “Poetsch’s possible nomination HONG KONG DOLLAR 21.5146 20.0481 chief executive Martin Winterkorn as new supervisory board INDONESIAN RUPIAH 41373.6036 34879.6652 and sales chief Christian Klingler chief is looking increasingly JAPANESE YEN 324.6753 302.1148 in VW’s deepest-ever crisis that questionable,” the business daily KOREAN WON 3583.9725 2709.8802 broke 12 days ago, more heads Handelsblatt quoted a fund SRI LANKAN RUPEE 384.8463 330.203 looked set to roll after the new manager, Hans-Christian Hirt, as MALAYSIAN RINGGIT 11.9617 11.0375 CEO Matthias Mueller vowed saying. NEPALESE RUPEE 322.7347 263.2604 to be “ruthless” in getting to the The suspect diesel engines PHILIPPINE PESO 129.0323 121.2121 bottom of the affair. Greenpeace activists at the VW HQ (File) went on sale in 2009, which PAKISTAN RUPEE 273.9268 256.3702 The steering committee of sophisticated software, known as made the decision to install this suggested the pollution-cheating DOLLAR 3.8212 3.686 the carmaker’s supervisory a defeat device, or simply aware software -- they acted criminally. software must have been under THAI BAHT 96.7118 93.3707 AUSTRALIAN DOLLAR 3.8491 3.6576 board met yesterday to discuss of the fraud have been suspended They must take personal discussion within the company as NEW ZEALAND DOLLAR 4.2283 4.0568 the preliminary findings of the pending an internal inquiry, responsibility.” early as 2007 and 2008, the daily EURO 2.4155 2.3234 internal investigation into a scam the monthly Manager Magazin Regulatory and legal probes are Sueddeutsche Zeitung wrote. SWISS FRANC 2.6518 2.5183 that has rocked the automobile reported. underway in Germany and other Winterkorn took the driving CZECH KORUNE 90.0901 45.2489 sector and wiped 29 billion euros countries to find out who knew seat at VW in 2007. His BRITISH POUND 1.7784 1.715 ($32.5 billion) off VW’s market Who knew what, when? what and when, and German predecessor Bernd Pischetsrieder TURKISH LIRA 8.2257 7.5131 capitalisation. Supervisory board member prosecutors have also launched an issued statements via their lawyers SAUDI RIYAL 10 9.9315 A dozen managers suspected of Olaf Lies said “those people who investigation against 68-year-old late on Tuesday denying they knew UAE DIRHAMS 9.7561 9.7182 helping to develop and install the allowed this to happen, or who Winterkorn. anything about the manipulation. QATAR RIYAL 9.6899 9.6256 KUWAITI DINAR 0.8065 0.7968 OMANI RIYAL 1.0299 1.02 EGYPTIAN POUND 20.5761 19.3798 JORDANIAN DINAR 1.885 1.8619 WIBC announces new features LEBANESE POUND 4223.508 3812.8646 DT News Network MOROCCAN DIRHAMS 26.2467 23.753 rankings of Islamic banks and Manama SYRIAN POUND 952.381 574.7126 financial institutions at the YEMENI RIYAL 911.9095 541.5358 he conveners of World global, regional and national Islamic Banking Conference levels,” he said. T(WIBC) announced yesterday The high profile nature of the various features that make WIBC speakers has been one Rates are for indication purpose only. For firm rates or for currencies not listed above please call Bahrain Financing Company. Telephone: 17228888, Website: www.bfc.com.bh its 2015 edition the best in its of its core strengths. It will 22-year history. be inaugurated by Governor Middle East Global Advisors, of the Central Bank of Bahrain an intelligence platform serving Delegates meet for the WIBC Rasheed Mohammed Al Maraj. markets in the Middle East to assess what the modern communities and ability to Other distinguished North Africa Southeast Asia Islamic commercial banking universally appeal to a wider speakers include Professor (MENASEA) region, joined industry has achieved so far. range of customers,” he added. Datuk Rifaat Karim (CEO of COUNTRY 1 US DLR 1 UK STG 1 SFR 100 YEN hands with the Central Bank Through its global presence Middle East Global Advisors International Islamic Liquidity of Bahrain (CBB) to take stock and rapid growth of assets, it Vice-Chairman and CEO Management Corporation), BAHRAIN 0.3770 0.5719 0.3873 0.3162 of the 40-year old industry has achieved a lot in its short Dr. Sayd Farook announced Noor Abid (Board Member KUWAIT 0.2855 34.0373 0.2933 0.2395 and WIBC’s role in shaping existence.” the launch of the WIBC at Kuwait Finance House), developments in this period. “Yet, many issues remain Leaderboard, one of the Tirad Al-Mahmoud (CEO of OMAN 0.3849 0.3746 0.3955 0.3228 The host of the press outstanding including the innovative new features of the Abu Dhabi Islamic Bank) and QATAR 3.6420 3.5448 3.7419 3.0549 conference and Executive shortage of available liquid 22-year platform. Osman Celik (Board Member UAE 3.6730 3.5749 3.7738 3.0809 Director of Banking assets, the gap between the “It is a groundbreaking & CEO of Turkiye Finans). Supervision, Khalid Hamad principles of Islamic finance performance assessment aimed The conference will take SAUDI 3.7500 3.6499 3.8529 3.1454 Abdul-Rahman Hamad, said, and its current practice, to help the Islamic finance. place on December 1, 2 and 3 “WIBC 2015 is an opportunity its outreach to unbanked It will provide high visibility at the Gulf Hotel in Manama.