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GLOBAL investors have flipped from “buy everything” to “peak everything” in a matter of weeks – but these manic mood swings may even out soon.
KUALA LUMPUR: Malaysia on Monday announced 22 civil suits against entities and people accused of being involved with the massive 1MDB corruption scandal, including units of global banks Deutsche Bank and JPMorgan.
SINGAPORE: Gold held near the highest level in three months as investors weighed growing inflation risks and comments from Federal Reserve (Fed) officials on the labour market for clues on monetary policy going forward.
JAKARTA: Indonesia is considering a plan to tax the trading of cryptocurrencies after a surge in popularity among local investors, a tax official said yesterday.
KUALA LUMPUR: The Ministry of Finance (MoF) confirmed yesterday legal representatives of 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd had filed a total of 22 civil suits to recover RM96.6bil (US$23bil).
Zafrul: The government will not rest until all those involved are made fully accountable for the wrongdoings caused to the country through their involvement in 1MDB and/or SRC.
AUCKLAND: Fonterra Cooperative Group, the world’s biggest dairy exporter, is proposing an overhaul of its capital structure that may see its New Zealand farmer-shareholders buy back the listed Fonterra Shareholders’ Fund.
NEW YORK: Cascade Investment, the holding company created by Bill Gates, transferred stock in two of Mexico’s largest companies to Melinda French Gates, bringing the total amount she’s received in the past few days to more than US$2bil (RM8.24bil).