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1MDB raids: Cash, luxury goods worth $273mn seized

Bloomberg Malaysia’s police seized about $273 million of items that included Hermes International handbags, Rolex watches and cash in raids linked to former Prime Minister Najib Razak amid investigations into troubled state fund 1MDB. Luxury goods such as a 6.4 million ringgit diamond necklace, 51.3 million ringgit worth of Hermes bags and more than 200 sunglasses valued at 374,000 ringgit ...

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China-US trade tariffs may reduce American farm exports by 40%

Bloomberg Bilateral tariffs may reduce the value of US farm exports to China by about 40 percent, according to a report published by the Chinese Academy of Agricultural Sciences, a government think tank. US soybean, cotton, beef and cereal shipments to China may each drop by 50 percent in value, it said in a report published on its official WeChat ...

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TCI, Axon accuse India real estate firm of $1.5bn fraud

Bloomberg Hedge funds run by Christopher Hohn and Dinakar Singh accused one of India’s largest real estate developers of defrauding its foreign investors of at least $1.5 billion. “If we do nothing, we will largely bleed dry and get nothing back,” Singh, who heads Axon Capital, said at a gathering in New York of investors in a fund started by ...

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