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KUALA LUMPUR (Reuters): The United States has reached a settlement to recover more than US$49mil (RM212mil) involving 1Malaysia Development Bhd (1MDB), the Justice Department has said.
HONG KONG: Oil fell to trade near US$16 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Futures in New York slid as much as 10%, snapping a four-day gain
HONG KONG (Bloomberg): Oil rebounded in Asian trading, after plunging below zero for the first time in history amid rapidly filling American storage tanks, as the US benchmark’s May contract entered its final trading session.
KUALA LUMPUR (Bernama): The High Court here will hear the cases of former Goldman Sachs International banker, Roger Ng Chong Hwa, who was charged with four counts of abetting Goldman Sachs pertaining to the sale of guaranteed notes and bonds belonging to a 1Malaysia Development Berhad (1MDB) subsidiary amounting to US$6.5bil (RM28.5bil).
INDIA, April 9 (The Statesman/ANN) -- American brokerage firm Goldman Sachs on Wednesday lowered India’s GDP forecast to 1.6 per cent for FY2020-21, making it the lowest multi-decade expectation.
ROME (Reuters) - Italian health officials warned on Tuesday it was too soon to consider lifting lockdown restrictions, saying a deceleration in new cases of coronavirus should not raise hopes that the crisis was near an end.
BILLIONAIRE Tom Golisano was smoking a Padron cigar on his patio in Florida on Tuesday afternoon. The American was worried.
Laredo, Texas (Reuters) - Alberto Mendoza figures he can make it a couple of weeks on unemployment benefits before starting to decide which bills won't get paid. The 26-year-old father of three lost his job training cooks when all the local restaurants started closing their doors and laying off staff.
ROME (Reuters) - Fatalities in Italy from coronavirus have surged in the last 24 hours, the Civil Protection Agency said on Tuesday, dashing hopes the epidemic in the world's worst hit country was easing after more encouraging numbers in the previous two days.