Malaysia aims to recover about $5 bln in 1MDB-linked assets
Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, which is the subject of money laundering investigations,...
Foxconn chairman hands over reins to new committee
Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee...
United Airlines suspends Newark-Mumbai flights over Iran airspace concerns
United Airlines said it had suspended flights from New Jersey’s Newark airport to the Indian financial capital of Mumbai following a safety review after Iran...
Oil prices extend gains amid Middle East tensions, rate cut hopes
Oil prices rose on Friday, with Brent crude heading for its first weekly gain in five weeks on tensions in the Middle East after Iran...
Asian stocks fail to catch Wall Street’s Fed cheer as trade angst dominates
Asian stocks struggled on Friday to track Wall Street’s exuberance about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded...
Nissan grants Renault execs boardroom seats, ending dispute
Japan’s Nissan said on Friday it would grant alliance member Renault’s representatives seats on key committees of its board, ending a dispute between the two...
Walmart to pay $282 million to settle seven-year global corruption probe
Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and...
Risks to Wall Street’s rally abound despite record high
The benchmark S&P 500 index hit a record high on Thursday as an almost giddy euphoria over the prospects of a U.S. interest rate cut...
Investor LGIM dumps ExxonMobil from its Future World funds
Britain’s biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World Funds, and said it would...
Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries
Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price the U.S. government pays for some prescription drugs in...