The chief executive of a troubled, deeply indebted Malaysian investment fund strongly rejected accusations of a cover-up, Channel NewsAsia reported.
Finance minister poised to propose tax incentives aimed at boosting private investment and reviving flagging economy.
The head of Malaysia's scandal-hit 1MDB has slammed "spurious" claims that it is holding back crucial information, the FT reports.
Neil Dwane, chief investment officer for equities for Europe at Allianz Global Investors, suggests pension funds and the insurance industry should be used to finance infrastructure projects, rather than China.
Malaysia's Prime Minister Najib Razak faces the toughest test of his political career when parliament reconvenes next week.
Swiss authorities have frozen funds in Swiss banks amid investigations of Malaysia's 1MDB, on suspicion of corruption.
Funds deposited into Malaysian PM Najib Razak's bank accounts were a donation, not from debt-laden state fund 1MDB, the anti-corruption commission said.
Investors in Allianz are calling on the insurer to take action amid concerns over the health of its US fund business Pimco after El-Erian quit.
Britain should shut down 30 rundown prisons and build 12 modern "hub prisons" with a capacity of up to 3,000 inmates each, according to a new report.
A new report suggests that five years of gloomy headlines and negative sentiment have combined to create a collective “state of shock” among investors.
Social enterprises — companies which hope to have a social impact and at the same time make a profit — are becoming a new asset class for pioneer investors who are more ethically-minded, especially after the financial crisis.
Investors looking for variation from stocks, bonds and currencies could try investing in good wine, which has provided good returns over long periods of time, but should beware of unprofessional advice in the area.
As we approach the anniversary of some of the most cataclysmic failures in our economic history, we appear to be in perhaps no better position to manage the failure of an investment bank, a hedge fund or an insurance company than we were before.
Chinese stocks have unusually determined global market direction lately, bringing equities crashing down earlier this week, and talk about an end of the rally has intensified.
The recovery in general is spotty. I believe it is underway, but "less-bad" news is losing its ability to inspire stock-buyers. The recession is over, in my mind, but the nature of the recovery is still to be determined.
Toxic mortgage backed securities are a major problem-the issue is how to get private investors involved in buying the assets, mostly mortgage-backed securities.
The Fed plans to release results of the stress test on May 4. Nobody is going to "fail" the test, but some may need capital, private or otherwise. There should also be some word as to how much capital would be needed.
Big news today for the banks: The White House and Treasury announced that the economic stress-test results for the 19 largest banks will in fact be made public on May 4.
The market is un-nerved today because of the increased government involvement in GM but maybe more so by Geithner's comment that there will be more banks needing money before this is done.
The last horrendous bear market we suffered through anywhere near the intensity of this one was 1974. Then the S&P index stayed below its 200 day average for all of 35 days. I didn't check all the possible data points but I believe this extended slump rivals anything on record. Maybe the market has discounted all the bad news. The times they might be 'a changing (I hope !!!).