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Business News

Malaysia arrests Najib ex-aide in 1MDB probe-media

KUALA LUMPUR (Reuters) – Malaysian authorities have made the first arrest in a renewed probe into the multi-billion dollar scandal at state fund 1MDB, remanding a former aide of ousted prime minister Najib Razak to assist in investigations, Bernama news reported on Monday.

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Trading Ideas

SCO Summit a Success Amid G7 Chaos

Jun.25 — As last month’s G-7 summit wrapped up in turmoil, Xi Jinping and Vladimir Putin were putting on a very different show for global leaders. The Shanghai Cooperation Organization summit in Qingdao went off without a hitch as the bloc welcomed new members India and Pakistan… Bloomberg’s Tom Mackenzie asked Shanghai Cooperation Organization Secretary General Rashid Alimov how the group has managed to maintain harmony. …read more […]

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China will lift part of its 'Great Firewall' to give foreigners access to Facebook, YouTube, and Twitter on a tropical island dubbed 'Hawaii of the East'

China’s Hainan island has released plans to give tourists access to Facebook, YouTube, and Twitter in parts of two cities. A partial lifting of the county’s “Great Firewall” is part of an attempt to make the southern island a free trade zone and tourist hub. The local government’s plan is no longer available online. …read more […]