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NEW YORK: Goldman Sachs Group Inc GS.N officers and directors reached a US$79.5 million settlement to resolve shareholder claims that their poor oversight contributed to the bank being enmeshed in the looting scandal at Malaysia's 1MDB sovereign wealth fund.
Archegos indictment raises fresh questions at banks
SYDNEY: Australia's central bank on Tuesday raised its main cash rate by a surprisingly large 25 basis points to 0.35%, its first hike in more than a decade, and flagged more to come as it runs down the curtain on pandemic stimulus.
Rio Tinto RIO.AX, RIO.L on Wednesday reported lower-than-expected iron ore shipments in the first quarter, and warned a resurgence of COVID-19 lockdowns in China and a prolonged Russia-Ukraine war could have risks.
THE National Property Information Centre recently released statistics on the performance of the Malaysian property market for 2021.
BEIJING: Surging prices of alloys, nonferrous metals and energy have “significantly” dented the profitability for Baoshan Iron & Steel Co Ltd, the top Chinese steelmaker said, without providing further details of the impact.