Former Malaysian Prime Minister Najib Razak took to the witness box for the first time on Tuesday to defend himself on criminal charges linked to a multibillion-dollar scandal at state fund 1Malaysia Development Bhd (1MDB).
Britain’s Ocado launches $642 million bond offering
British online grocer and technology company Ocado has launched a 500 million pounds ($642 million) bond issue, partly to finance capital expenditure related to its international partnership deals, it said on Monday.
Qatar Airways considers buying Lufthansa stake – report
Qatar Airways is considering taking a stake in Germany’s Lufthansa , its chief executive Akbar al-Baker was quoted as saying by German news agency dpa.
Nissan, Renault, Mitsubishi Motors agree to form new venture for advanced R&D – Kyodo
The Nissan Motor Co , Renault SA and Mitsubishi Motors Corp alliance has agreed to form a new company focused on research and development of advanced automotive technologies, Kyodo News said.
China’s factory activity unexpectedly returns to growth in November
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.
China’s factory activity unexpectedly returns to growth in November
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.
Wall Street Weekahead: Investors expect international stocks to outperform U.S. in 2020
Even though the U.S. stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly 25% for the year, investors appear to be looking elsewhere for better values in the year ahead.
Japan October household spending seen falling after sales tax hike
Japan’s household spending is expected to have fallen at the fastest pace in about 1-1/2-years in October after a hike in the sales tax, a Reuters poll showed on Friday.
Government wants RBI to buy out stressed assets of shadow banks – source
India’s finance ministry wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country’s top 25 shadow lenders, a government source told reporters on Thursday.
Yen gains, yuan falls as Hong Kong tensions heighten risk aversion
The safe-haven yen rose and risk-sensitive currencies fell on Thursday after U.S. President Donald Trump’s formal endorsement of Hong Kong’s anti-government protesters, seen as potentially derailing recent Sino-U.S. progress on trade.