Hints and tips:
...warns US could ‘overburden’ its chipmakers with China limits (FT) Hong Kong greenlights retail trading of cryptocurrency (Nikkei Asia) Chip wars with China risk damage to US tech, says Nvidia chief (FT) Malaysia...
...In the first quarter, its pre-tax profits surged 114 per cent to $7.1bn compared to the same period in 2021....
...Malaysia’s finance ministry on Monday said 1MDB and subsidiary SRC International filed the suits on May 7 for claims including fraudulent breach of duties, conspiracy and breach of trust....
...Our glove companies, with whatever imperfections they have, are our national treasure . . . they are our pride,” wrote __Revenant__, a moderator of the r/BursaBets subreddit, which has signed up almost 7,000...
...He did not specify a target but said the sum would be between $2bn and $7.5bn, the amount his predecessor demanded in 2018....
...Goldman will fork out $2.5bn, instead of the $7.5bn the finance minster had originally demanded, and the Malaysian government agreed to drop criminal charges against the bank and cease legal proceedings...
...Malaysia’s finance minister says Goldman Sachs should pay $7.5bn in reparations over its business with the scandal-ridden 1MDB state investment fund, piling on to the criminal charges Kuala Lumpur filed...
...2.8 per cent to 3.7 per cent in the latest budget issued in early November....
...Authorities in Malaysia said Goldman should pay $7.5bn in reparations, and analysts predicted a massive financial hit to the US bank....
...Malaysia has demanded the $7.5bn in compensation from Goldman for ensuing losses. Goldman declined to comment....
...Its market share for domestic flights had already fallen to less than 20 per cent at the end of last year, from 23.3 per cent the year before, while its share of international flights fell to 7.8 per cent...
...It is also grappling with a weak fiscal position, having revised the 2018 fiscal deficit from 2.8 per cent to 3.7 per cent in the latest budget issued in November....
...None resides in Malaysia, according to a person familiar with the process....
...Malaysia seized and later sold Equanimity, a yacht once owned by Mr Low, for $126m in April. Malaysia’s 1MDB probe is seeking to trace $4.5bn which the DoJ alleges has gone missing from the fund....
...“Apology with $7.5bn, that is what matters.”...
...So Malaysia has set the bar at $7.5bn: its target for reparation from Goldman Sachs, over the US bank’s role in the giant 1MDB scam....
...Lim Guan Eng, Malaysia’s finance minister, announced in January that the government was seeking $7.5bn in compensation from Goldman connected to the scandal....
...The stock dropped 7.5 per cent, the steepest one-day decline since November 2011. The S&P 500 was down 2 per cent....
...Goldman Sachs chief executive David Solomon has defended his firm over its role in raising money for Malaysia’s scandal-ridden state investment fund, 1MDB....
...Quarterly revenues of $8.08bn were 1 per cent lower than a year earlier, but comfortably above the $7.51bn expected by analysts, who pared back their forecasts considerably in recent weeks....
...Both understand the vast potential of Vietnam, an emerging economy with an annual growth rate of between 6 per cent and 7 per cent over the past three years....
...On Monday, Goldman Sachs had its worst day on the markets since 2011: its share price fell 7.5 per cent on mounting concerns about the 1MDB scandal....
...It worked on Postal Savings Bank of China’s $7.6bn public flotation in 2016 and ChemChina’s $44bn acquisition of Swiss agro-business giant Syngenta in the same year....
...The country’s finance minister on Friday said that the bill to Goldman should be closer to $7.5bn....
...Shares in the group fell more than 7 per cent on Monday and they are now down more than a quarter since March....
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