Top foreign and local stories at 4pm

Grey clouds hang over a Tesco Extra store in New Malden in southwest London, Britain June 4, 2014. REUTERS/Luke MacGregor/File Photo

Malaysia considers expanding short-selling of sovereign debt: Malaysia is considering easing rules on the short-selling of government bonds to deepen domestic financial markets and revive interest in its debt. Bank Negara will allow companies and insurers to short sell sovereign bonds to help them manage their interest-rate exposure and generate more trading volume, assistant governor Adnan Zaylani Mohamad Zahid said. — Bloomberg

Bank Negara sees March inflation exceeding eight-year high: Higher fuel costs probably pushed up Malaysia’s inflation rate in March to above the 4.5% posted in February, though there’s no evidence that price pressures are spreading more broadly in the economy, says Fraziali Ismail, director of the economics department at Bank Negara, — Bloomberg