Month: January 2019

Malaysian Finance Minister Lim Guan Eng said Monday that the $7.5 billion his country is seeking from American investment bank Goldman Sachs over the 1Malaysia Development Berhad scandal is an “extremely reasonable” amount. The fallout from the disappearance of billions of dollars from that Malaysian sovereign wealth fund, commonly known as 1MDB, has led to
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Bank of America-Merrill Lynch sees evidence the stock market’s bullish activity has near-term staying power. And, it’s using a currency chart to illustrate its case. Paul Ciana, the firm’s chief global technical strategist, highlighted the dollar versus the Chinese yuan on CNBC’s “”Futures Now” to show the strength of “risk on” (or high-yielding, risk-sensitive) assets.
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Carlos Ghosn, the recently ousted Nissan Motor chairman, received about $8 million in pay in 2018 from a Netherlands-based entity that was owned by both Nissan and partner Mitsubishi Motors, according to a Wall Street Journal report. The publication, citing a person familiar with Nissan’s probe, reported on Sunday that the motor giant found that
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In a clear pitch to millennials, Mercedes has loaded its second-generation CLA coupe unveiled at the Consumer Electronics Show in Las Vegas this week with new digital technology, including the its first semi-autonomous driving system. With a starting price tag at under $30,000, the CLA’s launch in 2013 brought in a wave of young, first-time
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