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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

The Wall Street Journal

Former Goldman Banker Is in 1MDB Plea Talks

Tue, Jul 10, 2018

A former Goldman Sachs banker is talking with U.S. prosecutors about potentially pleading guilty to charges stemming from alleged fraud at a Malaysian state investment fund, people familiar with the matter say....

Emerging Markets Fight Back to Bolster Currencies

Mon, Jul 09, 2018

Central banks in some emerging market economies have started to spend down a $6 trillion stash of foreign reserves to contain currency declines....

Yuan Reverses Course, Rises Against Dollar

Wed, Jul 04, 2018

The Chinese currency surged against the dollar on Wednesday, continuing a recovery that began the previous afternoon after China’s central bank chief pledged to keep the exchange rate “basically stable.”...

Malaysian Firm Plans to Ride Higher Oil Prices With $750 Million IPO

Tue, Jul 03, 2018

Malaysia’s largest oil and gas services company is planning to list its exploration and production unit to take advantage of the recent surge in global oil prices. ...

Malaysia 1MDB Task Force Freezes $270 Million in Bank Accounts

Wed, Jul 04, 2018

A task force investigating the multibillion-dollar scandal that has engulfed the state fund says the more than 400 frozen accounts are believed to have links to misappropriation and misuse of 1MDB funds....

Deutsche Bank Breaks Up Its Global Corporate-Strategy Group

Fri, Jun 22, 2018

Deutsche Bank’s global corporate-strategy team is being dismantled and the executive who runs it, Ali Almakky, is leaving that role. ...

How to Trade a Trade War

Fri, Jun 22, 2018

Markets are still waking up to the idea that trade battles are more than a sideshow. Investors who think China won’t back down still have plenty of opportunity to get out. They also have a problem: get out of what, exactly? ...