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POPULAR NEWS
Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. U.S. West Texas Intermediate crude futures were at $69.07 a barrel, 5 cents below their last settlement. U.S. sanctions against Iran's oil exports will start on...

Tokyo: Stocks open lower on Monday

Tokyo stocks opened lower on Monday amid lingering geopolitical worries including the diplomatic fallout from the death of a Saudi journalist and ahead of corporate earnings report season. The Nikkei 225 index was off 0.66 per cent or 148.69 points at 22,383.39 in early trade, while the broader Topix index was down 0.72 per cent or 12.19 points at 1,680.66. AFP

Shanghai stocks extend rally at open

Shares rallied at the start of trade in Shanghai on Monday, extending a surge at the end of last week after China's top economic officials issued coordinated statements aimed at shoring up support for beleaguered markets. The benchmark Shanghai Composite Index rose 0.59 percent, or 15.17 points, to 2,565.64, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.93 percent, or 11.72 points, to 1,275.53. And the Hang Seng Index added 0.79 percent, or...

Gold Extends Rally as Safe Haven Demand Picks Up

Gold advanced for third day after White House economic adviser Larry Kudlow accused China of doing ''nothing'' to defuse a trade spat and as tensions between the U.S. and Saudi Arabia continue to simmer. U.S. stock-index futures declined, while equities in China climbed after President Xi Jinping vowed 'unwavering' support for the country's private sector. In an indication of renewed appetite for the metal as a safe haven, bearish bets on gold fell by the most since March. The...

Turkey's President Promises to Reveal 'Naked Truth' About Khashoggi Killing

Turkey's president Recep Tayyip Erdogan is vowing to reveal what he says is the "naked truth" about the death of Saudi journalist Jamal Khashoggi. Erdogan told an Istanbul rally Sunday "We are looking for justice here and this will be revealed in all its naked truth, not through some ordinary steps." Erdogan spoke to U.S. President Donald Trump by telephone Sunday, a Turkey's state-run news agency reports. It says both agree the Khashoggi case needs to be "cleared up with all...

Ex-Malaysian PM Hit with 25 New Charges in 1MDB Looting Scandal
Friday, 21 September 2018 00:01 WIB | GLOBAL |Global

Former Malaysian Prime Minister Najib Razak is facing more than two dozen new charges related to the 1MDB embezzlement scandal, which led to the stunning defeat of his ruling party in May.

Prosecutors charged Najib with four counts of corruption and 21 counts of money laundering during a court appearance Thursday, one day after he was arrested for a third time in the case. He is accused of funneling $681 million dollars from the 1MDB state investment fund into his personal bank account. Najib pleaded not guilty to the new charges during Thursday's hearing. He previously said the money was a donation from the Saudi royal family.

Najib is now facing a total of 32 charges in the embezzlement scandal. The earlier charges include criminal breach of trust, corruption and money laundering involving claims that he transferred about $10 million of funds from a subsidiary of 1MDB into his bank accounts.

Najib had pleaded not guilty to the earlier charges.

Source: voanews

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POPULAR NEWS
Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. U.S. West Texas Intermediate crude futures were at $69.07 a barrel, 5 cents below their last settlement. U.S. sanctions against Iran's oil exports will start on...

Tokyo: Stocks open lower on Monday

Tokyo stocks opened lower on Monday amid lingering geopolitical worries including the diplomatic fallout from the death of a Saudi journalist and ahead of corporate earnings report season. The Nikkei 225 index was off 0.66 per cent or 148.69 points at 22,383.39 in early trade, while the broader Topix index was down 0.72 per cent or 12.19 points at 1,680.66. AFP

Shanghai stocks extend rally at open

Shares rallied at the start of trade in Shanghai on Monday, extending a surge at the end of last week after China's top economic officials issued coordinated statements aimed at shoring up support for beleaguered markets. The benchmark Shanghai Composite Index rose 0.59 percent, or 15.17 points, to 2,565.64, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.93 percent, or 11.72 points, to 1,275.53. And the Hang Seng Index added 0.79 percent, or...

Gold Extends Rally as Safe Haven Demand Picks Up

Gold advanced for third day after White House economic adviser Larry Kudlow accused China of doing ''nothing'' to defuse a trade spat and as tensions between the U.S. and Saudi Arabia continue to simmer. U.S. stock-index futures declined, while equities in China climbed after President Xi Jinping vowed 'unwavering' support for the country's private sector. In an indication of renewed appetite for the metal as a safe haven, bearish bets on gold fell by the most since March. The...

Turkey's President Promises to Reveal 'Naked Truth' About Khashoggi Killing

Turkey's president Recep Tayyip Erdogan is vowing to reveal what he says is the "naked truth" about the death of Saudi journalist Jamal Khashoggi. Erdogan told an Istanbul rally Sunday "We are looking for justice here and this will be revealed in all its naked truth, not through some ordinary steps." Erdogan spoke to U.S. President Donald Trump by telephone Sunday, a Turkey's state-run news agency reports. It says both agree the Khashoggi case needs to be "cleared up with all...

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