Malaysia's finance minister said on Friday the government would be ready to discuss dropping criminal charges against Goldman Sachs linked to the 1MDB scandal if the bank pays $7.5 billion in reparations.
Malaysia has picked three lead arrangers for a samurai bond issuance of up to 200 billion yen ($1.83 billion), finance minister Lim Guan Eng said on Friday.
In recent months, countries such as Pakistan, Malaysia, Myanmar and Sierra Leone have either canceled or backed away from previously negotiated commitments to the Belt and Road Initiative.
The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new factory in Wuhan city, company job advertisements and government documents showed.
Todd Horwitz of Bubba Trading says the 1MDB saga has been recognized as a "scandal," and Goldman Sachs should make restitution to Malaysia for its involvement.
CNBC's "Closing Bell" team discusses what moved the market into the green with Eugene Profit of Eugene Profits and Rick Santelli at the CME in Chicago.
Jan 16- Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologised to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1 MDB scandal, but said the bank had conducted due diligence before every transaction. Goldman is being investigated by Malaysian authorities and the U.S. Department of...
Jan 16- Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologized to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1 MDB scandal, but said the bank had conducted due diligence before every transaction. Goldman is being investigated by Malaysian authorities and the U.S. Department of...
GOLDMAN CEO: THE GOVERNMENT OF MALAYSIA REPRESENTED THAT NO INTERMEDIARIES WERE INVOLVED IN 1 MDB OFFERING.
SINGAPORE, Jan 16- Asia's gasoline crack was at a discount of 32 cents a barrel to Brent crude on Wednesday, 1 cent higher than the previous session which was near a one-week low on the back of an unyielding glut.- The bearish fundamentals have dragged the average gasoline profit margin for the first-half of January to about 45 cents a barrel, the lowest for the period...
KUALA LUMPUR, Jan 16- Malaysian palm oil futures edged down on Wednesday, though remained range-bound, tracking weakness in soyoil overnight on the U.S. Chicago Board of Trade and crude oil prices. Trading volumes stood at 31,538 lots of 25 tonnes each at the end of the trading day. "Palm is down tracking overnight losses in the CBOT and lower crude oil," said a Kuala...
Malaysia is seeking $7.5 billion in reparations from Goldman Sachs over its involvement the 1MDB saga. Lim Guan Eng, the country's finance minister, says the amount is "extremely reasonable."
Investors would have missed out on a 10-percent rally if they had sold their stock holdings on Christmas Eve and re-entered the market this month, said Mark Haefele, global chief investment officer at UBS Global Wealth Management.
Singapore's foreign minister said on Monday ties with neighboring Malaysia have been in a "downward spiral" over a series of maritime and airspace disputes but hoped the issues could be resolved amicably.
Malaysian Finance Minister Lim Guan Eng said Monday that the $7.5 billion the country is seeking from U.S. investment bank Goldman Sachs over the 1MDB scandal is an "extremely reasonable" amount.
Nomura said in a report that Malaysia's 2018 fiscal deficit would move to 3.9 percent of the country's GDP. Malaysian Finance Minister Lim Guan Eng says this is "not true," and that the numbers are "well within" its 3.7 percent target.
THURSDAY, JANUARY 10 BELGRADE- National Bank of Serbia to unveil interest rate decision- 1100 GMT. BUDAPEST- The National Bank of Hungary to hold a non-rate setting meeting- 1300 GMT. GENEVA- Brazilian Central Bank Governor Ilan Goldfajn speaks at Geneva's International Centre for Monetary and Banking Studies on central banking in emerging markets- 1730 GMT.
Only one country, Malaysia, will keep them on hold, while Nigeria, India, China and Turkey are set to cut their rates. Between 2015 and early 2018 developing countries, big and small from Brazil and Russia to Armenia and Zambia slashed interest rates, sending borrowing costs sinking and fund managers' profits soaring. From February last year, though, the resurgent...
Nomura downgraded Malaysian stocks from "neutral" to "underweight," saying the government's lack of "significant reform push" could lead to a worsening fiscal position and a possible slip in credit ratings.
Members of Malaysia's royal families met on Monday to decide when a new king will be elected from among them after King Muhammad V unexpectedly resigned, the national news agency Bernama reported.