KUALA LUMPUR (Reuters) – The Malaysian government is re-evaluating a $3.9 billion settlement deal reached between the previous administration and U.S. investment bank Goldman Sachs over the 1MDB financial scandal, state news agency Bernama reported on Monday. Prime Minister Anwar Ibrahim said on Monday a government taskforce looking into 1MDB issues was scrutinising the 2020…
By Alicia Powell NEW YORK (Reuters) – Musical “The Phantom of the Opera” ended a record-breaking 35-year Broadway run on Sunday when, amid predictions that the show would one day return, teary-eyed cast members took a final bow alongside its original stars. Composer Andrew Lloyd Webber dedicated the final Broadway performance to his son Nicholas,…
MOSCOW (Reuters) – Facing up to a quarter of a century in jail on treason charges he denies, Kremlin critic Vladimir Kara-Murza is expected to learn his fate on Monday when a Moscow court pronounces a verdict and sentences him. Kara-Murza, 41, a father of three and former journalist who holds Russian and British passports,…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Just a month after the biggest banking crisis in more than a decade, the world’s top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability – at least publicly. With financial markets calmed by strong policy actions to stem the…
A look at the day ahead in U.S. and global markets from Mike Dolan. As U.S. banking giants calm the horses, global investors are now concentrated on world growth and earnings signals more than interest rate rises for direction – with an assumption the latter are near an end anyway. Sending its stock price surging…
ISTANBUL (Reuters) – Turkey’s central government budget recorded a deficit of 47.22 billion lira ($2.46 billion) in March, the Finance Ministry said on Monday, while the cumulative deficit for 2023 so far widened to 250 billion lira, mainly due to devastating earthquakes. The primary balance, which excludes interest payments, logged a deficit of 2.15 billion…
JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China’s battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country’s investment minister said. Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of…
(Reuters) -Streaming platform Netflix Inc’s services were restored after a brief outage late on Sunday during a live stream of the dating reality show, “Love is Blind”. The platform, which is looking to break into live television, apologized for the slip-up on Sunday after thousands complained on social media about issues watching the show. “We’re…
By Helen Coster WILMINGTON, Delaware (Reuters) -The start of Dominion Voting Systems’ $1.6 billion defamation trial against Fox has been pushed back by a day, the judge said on Sunday, with a source familiar with the matter saying the media giant was pursuing settlement talks. The source, who was not authorized to speak publicly, told…
JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China’s battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country’s investment minister said. Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of…
