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Ringgit slips against greenback as US home sales jump

KUALA LUMPUR: The ringgit was lower against the US dollar in early trade today on weaker demand for the local note, following the release of favourable economic data in the United States.

US Justice staff seek Goldman guilty plea in 1MDB settlement

U.S. Department of Justice staff have made an internal recommendation that Goldman Sachs Group Inc plead guilty as part of any potential settlement over its role in a corruption scandal involving a Malaysian sovereign wealth fund, the Financial Times reported on Wednesday.

A criminal guilty plea, considered one of the harshest penalties the Justice Department can impose on a company, could potentially expose Goldman to litigation from private parties and result in restrictions on its business, depending on the final terms of any settlement.