Former Malaysia government used central bank, sovereign fund deals for 1MDB duesThe government of former Malaysian Prime Minister Najib Razak used funds from deals with the central bank and the sovereign wealth fund to pay for some of the liabilities of beleaguered state fund 1Ma...
Trump versus Rwanda in trade battle over used clothesEarly last year, weeks after Donald Trump was sworn in as president, a little known American trade association filed a petition with the US Trade Representative. That seven-page letter set Africa in t...
US launches auto import probe, China says will defend interestsThe Trump administration has launched a national security investigation into car and truck imports that could lead to new US tariffs similar to those imposed on imported steel and aluminum in March. T...
Deutsche Bank to slash over 7,000 jobs in major shake-upGermany's largest lender Deutsche Bank said Thursday it will cut over 7,000 jobs and dramatically scale back its investment banking activities as it tries to turn the corner on years of losses. "The n...
Merkel, Chinese premier defend Iran deal, free tradeGerman Chancellor Angela Merkel and Chinese Premier Li Keqiang defended the Iran nuclear deal on Thursday, with Li hinting that terminating the pact would complicate negotiations with North Korea. Mer...
Lenovo posts $189m full-year loss on one-time write-offChinese technology giant Lenovo on Thursday said it recorded a $189 million net loss for its full fiscal year due mainly to a one-time charge, while saying it was planning an overhaul to broaden its a...