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  • PUTRAJAYA, Malaysia— The more than two-year-long hunt for Malaysia Airlines Flight 370 will be suspended once the current search area in the Indian Ocean has been completely scoured, the three countries conducting the operation announced Friday, possibly ending all hopes of solving aviation's greatest mystery. Some families of the lost plane's 239...

  • 1MDB Najib

    Eurasia Group's Achmad Sukarsono explains that Malaysian voters do not see a strong opposition to UMNO, Najib Razak's ruling party.

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    Sources told Reuters the Malaysian PM was "Malaysian Official 1," as the U.S. also sought to seize proceeds from "Wolf of Wall Street."

  • *Malaysia Attorney General says no evidence of misappropriation. *Singapore seizes $240 million in 1 MDB-related funds. KUALA LUMPUR/ WASHINGTON, July 21- Malaysian Prime Minister Najib Razak said on Thursday judgment should be withheld until all the facts are known after the U.S. government filed lawsuits seeking to seize $1 billion in assets bought with...

  • July 21- Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. "Given how fragile the global economy is nearly eight years after the start of the global financial crisis,...

  • *Malaysia Attorney General says no evidence of misappropriation. *Singapore seizes $240 million in 1 MDB-related funds. KUALA LUMPUR, July 21- Malaysian Prime Minister Najib Razak said on Thursday judgment should be withheld until all the facts are known after the U.S. government filed lawsuits seeking to seize $1 billion in assets bought with money stolen...

  • KUALA LUMPUR, July 21- Malaysian Prime Minister Najib Razak said on Thursday that Malaysia takes good governance seriously, after U.S. prosecutors filed lawsuits linked to scandal-plagued state-owned fund 1 Malaysia Development Berhad. "It needs to be clear that this is a civil not criminal procedure," Najib told reporters on the sidelines of an event in Kuala...

  • KUALA LUMPUR, Malaysia— Malaysia PM says he is serious about good governance, will cooperate with US Justice Department in 1 MDB probe.

  • *'Wolf of Wall Street' film, paintings, property cited. WASHINGTON/ KUALA LUMPUR, July 21- U.S. prosecutors are trying to seize more than $1 billion in assets they said were tied to money stolen from the Malaysian state fund, overseen by the prime minister, and used to finance "The Wolf of Wall Street" film, and to buy property and works of art. Back in Malaysia, the hashtag#...

  • *Malaysia media largely ignores story on U.S. lawsuits. KUALA LUMPUR, July 21- Although U.S. prosecutors say billions of dollars were stolen from a state investment fund that Malaysian Prime Minister Najib Razak founded and oversaw, his government was unmoved on Thursday by the allegations. The U.S. civil lawsuits are seeking to seize $1 billion of the allegedly...

  • KUALA LUMPUR, Malaysia— The U.S. says more than $1 billion has been stolen from a Malaysian fund by people close to Prime Minister Najib Razak, who has struggled to explain the scandal since it erupted more than a year ago. A: 1 MDB stands for 1 Malaysia Development Bhd.. Najib created the state fund shortly after taking office in 2009, and renamed it from an entity...

  • KUALA LUMPUR, Malaysia— Malaysia's prime minister said he is serious about good governance and vowed to "fully cooperate" with a U.S. investigation into a $3.5 billion scandal involving a state fund he headed. The comments by Prime Minister Najib Razak on Thursday were his first since the U.S. Department of Justice revealed in Los Angeles on Wednesday that it has...

  • 1MDB Investigations

    Switzerland, the U.K. and Singapore are likely to step up 1MDB investigations and coordinate efforts with the U.S., says University of Tasmania's James Chin.

  • DigitalGlobe imagery of Tree Island. Tree Island is one of the main islands of the Paracel Islands group in the South China Sea.

    Up to eight Chinese ships will offer cruises to the South China Sea over the next five years, as Beijing promotes tourism to the disputed waters.

  • 1MDB DOJ

    The DOJ's probe into 1MDB assets will have limited political impact in Malaysia because of the lack of information in the local media, says NTU's Oh Ei Sun.

  • An investor observes stock market at a stock exchange hall in Nanjing, Jiangsu province, China.

    Emerging markets have been largely stable amid a slew of fear-inducing events but a new report could dampen the sector's shine.

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    "If any wrongdoing is proven, the law will be enforced without exception," Malaysian PM Najib Razak's spokesman said.

  • 1MDB DOJ

    CSIS' Murray Hiebert explains that diplomatic sensitivities might have prevented the U.S. from naming a high-profile political figure.

  • WASHINGTON— The United States moved Wednesday to recover more than $1 billion that federal officials say was stolen from a Malaysian wealth fund by people close to prime minister Najib Razak, money that was used for high-end real estate, artwork and production of the Hollywood film, "The Wolf of Wall Street." The diverted funds paid for luxury properties in New...

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    Federal prosecutors in the U.S. are set to put in motion plans to seize assets of 1MDB, WSJ reported on Wednesday.